In the Annuity Think Tank's latest educational video, two animated crash test dummies discuss the benefits of saving and investing to provide guaranteed income in retirement, and how to avoid some of the common pitfalls.
The film goes through the benefits of not relying solely on Social Security to fund retirement and suggests additional income streams, such as 401(k) matching plans and fixed index annuities.
In the video, the older dummy–familiar with saving for retirement–explains to the younger dummy the importance of tax deferral and establishing a retirement plan early for a secure and safe outcome regarding retirement savings and retirement income. The younger dummy, unfamiliar with retirement planning, expresses interest in learning more after hearing all of the benefits of saving early and creating a lifetime income stream to protect against the longevity risk of out-living your savings.
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