![]() And we're here to help! We have Retirement Income Specialists that are well-versed in risk management. How USAA can help Elapsed Time 52 seconds īut through planning, you can mitigate these risks. If you live a long life with a long retirement, there's a higher likelihood the other risks may disrupt your retirement plan. Longevity risk is the most important to think about. Longevity risk – while a long life can be a great problem to have, you run the risk of outliving your money. Investment risks - like Inflation and market risk. Health-related risks – these can come in many forms such as large, unexpected medical costs or diminished capacity to manage your own finances. Legislative risks - this includes changes to taxes or retirement plans and the future of Social Security. Personal risks - like spending more than your retirement budget or changes to your family dynamics. Here are some risks to consider while planning for retirement: We believe a balanced approach to retirement can help protect against risks that may impact your retirement outcome. In our last video, we shared how to build a retirement strategy to live your best life in retirement. Hey there, I'm Tony Medrano with your Retirement Income Team. 30, 2023 The importance of Social Security Elapsed Time 0 Seconds End Elapsed Time 1 Minute, 30 Seconds Close Pop-up To get advice you can count on speak to a USAA Retirement Income Specialist today. Start living your best retirement with a USAA SPIA. Speak to a specialist today! Elapsed Time 01 Minute 18 Seconds Since a USAA SPIA is an insurance product and not an investment, you don't have to worry about losing your money or taking portfolio withdrawals during market downturns. SPIA is an insurance product: Elapsed Time 1 Minute 06 Seconds It can be an efficient way to generate income, and, with USAA's competitive rates, you can make the most of your hard-earned retirement savings. You can spend on what you want when you want. After you're gone, remaining payments, if any, will pass down to your beneficiaries.Ī USAA SPIA can add to other retirement income such as Social Security or pensions. No matter how long you live, you can receive income to support you and your loved ones. Who benefits from SPIA?: Elapsed Time 0 Minutes 34 Seconds You pay in a lump sum and in return you get a series of guaranteed payments for life, for a set period or both. Whether you're getting ready to retire or already enjoying retirement, a USAA single premium immediate annuity – or SPIA – may be the right choice for you.Ī USAA SPIA works like a paycheck. SPIA and how it works: Elapsed Time 0 Minutes 10 Seconds But, now that you're nearing retirement, you may be wondering how to make the best use of your hard-earned cash. ![]() You did the smart thing by putting away money all your life. Transcript Date: Saving for retirement: Elapsed Time 0 Minutes 0 Seconds
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