Four Parts of Retirement – Phase THREE: “De-Accumulation”


My previous two articles discussed important steps that lead to retirement. But what happens once you reach that goal? You’ve got free time to pursue your interests, visit friends and family and relax. It’s a beautiful thing indeed.

You’ve now entered the de-accumulation phase. You will start to spend down the assets you have accumulated during your working years. Remember: a 60-year-old man has a 20% chance of making it to 95! A 60-year-old woman has a 30% chance. There is a 40% chance that at least one member of a married 60-year-old couple will make it to 95. That’s a long time to live off of accumulated cash while you don’t work. Save, save, save, so you will be able to de-accumulate.

As a Knight, you have access to a product that is designed to make saving safe and easy. Our annuity is designed to provide guaranteed long-term security. Consistent and disciplined savings placed into this annuity over time can provide income at retirement that you cannot outlive. With that guarantee comes the fact that no one has ever lost money put in a Knights of Columbus annuity (remember, absolute safety of principal) and consider the value you are getting.

Contributing money to an annuity can also have positive tax implications (always check with your tax professional on these matters). Our annuities offer a competitive interest rate, consistent with our primary goal of absolute safety of principal.

Take some time to meet with me and I will explain fully the benefits of selecting our annuity along with the benefits of our top-rated life insurance, disability income and long term care insurance plans. As you consider options as you proceed toward retirement, think about the one thing guaranteed to help you and open a Knights of Columbus annuity.

Bill Matthews
Phone 828-371-2509
Ralph.Matthews@KofC.Org

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