Planning for Life Events

How will your life change this year? In the United States... 

• 4 million babies are welcomed every year.
• 365 baby boomers turn 62 every hour of every day, becoming newly eligible for Social Security benefits.
• The average cost of tuition and fees at a public 4-year college is now $6,185 per year.
• 2.2 million marriages are celebrated every year.

One of the greatest joys in life is the journey. No matter how your life unfolds, David Edwards Insurance is here not only to help you achieve your dreams, but to protect them.

Whether you're accumulating money to pay for a child's education, safeguarding your family's financial future, or turning your nest egg into retirement income you can never outlive, we have insurance and investments products that can help get you to your destination.

Of course, every journey begins with a single step. Yours can begin here with information and tools that can help you prepare for the great things life has in store for you and your family.

Our Income Annuities can help you turn your savings into a               pension - a guaranteed stream of income for a set amount of              time or for the rest of your life – giving you the opportunity to              receive income in retirement, no matter how long you live.

The Retirement Survival Guide

Surviving in the wilderness may seem intimidating, but if you are prepared and armed with the right tools, it doesn’t have to be. Planning for retirement is no different — and the same rules used for getting down the mountain can also help you find your way in retirement.

These simple survival rules can help you stay on the right path:

Rule #1: Relax and don’t panic!
Saving for retirement is not as hard as you think. No matter where you are on your retirement course — whether you are trying to build up your nest egg or making sure you do not outlive your savings — we have tools to help you meet your financial goals.

Rule #2: Always be prepared.
Most people expect to have the same standard of living in retirement that they have always enjoyed, yet the majority have not calculated how much their retirement will actually cost. To help ensure you have enough money for a comfortable retirement, estimate what you think you’ll need for basic living costs and other expenses that may come into play, such as traveling, a new hobby, increased medical bills and of course inflation.

While no one can predict the future, having a plan in place can better prepare you for retirement. Our retirement calculator is a great way to get started.

Rule #3: Make sure someone knows where you are going.
It is important to talk to your family about your retirement goals. By building a roadmap together, no one is left surprised should circumstances change. Make sure that both you and a loved one know the types, location and size of each account, as well as what beneficiaries are named.

It is also good idea to include adult children in any plans. If an unexpected illness or death in the family occurs, they will be better prepared to help with any financial responsibilities.

Rule #4: Continually evaluate your surroundings.
Changes in family, health or job benefits can affect how much income you will need for retirement. Make the most of your plan by reviewing your investments regularly. Ensure they are still appropriate for your goals, timeline and risk tolerance.

In addition, these life events also should trigger an insurance review. Be sure to go over your life insurance coverage to make sure it is in line with your changing needs.

Rule #5: Don’t travel in the dark.
You do not have to go it alone — we can help you to build, grow and access your retirement savings. In addition to having a pulse on market conditions, we'll see that you find the right product mix for your unique situation.

Call to let us review your life and retirement needs 503-761-3558