Joseph Edgeworth

Joe Edgeworth

Joe has been a financial planner since 1992, working with individuals, families and businesses. His company focuses on teaching people how they can invest their money safely, with a 100% guarantee of their principle, earn a very respectable rate of return, and have income guaranteed for their lifetime. Joe has also shown over 2,000 people how to protect their nest egg and their loved ones from the catastrophic cost of Long-Term Care, along with showing parents and grandparents how to safely and tax efficiently transfer their wealth to their children.

The Edgeworth Insurance Group

2715 Spring Valley Rd.

Lancaster, Pennsylvania 17601

joe.edgeworth@retirevillage.com (800) 824-8609
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Women normally live longer than men, make sure their retirement income lasts as long as they do.

 

Her husband worked hard and built a stable retirement for them, and then he died. Most women are unsure of what happens to their husband’s pension should he pre-decease her. Will it continue? Will it be reduced? Will it stop?


Untold millions of women face the problem of insufficient income because their spouse made the wrong choices when selecting pension retirement options. The same mistake can also be made when choosing the wrong income option with an annuity.


Annuities, which are insurance products, are a reliable means to retirement security, but if the annuity does not have survivor benefits, the retirement time for a surviving spouse can be a brutal one.


If the retirement account is for both husband and wife safe and secure retirement income, consider options that will continue when one spouse dies.


One very popular choice is a life income refund option. The annuity pays the annuitant (retiree or retirees) an income for as long as they live, but in the event, they die early, the unused funds are inherited by their named beneficiary. The option is also known as a refund annuity.


The time period option. This choice is based on the needs of the person or couple, and a fixed-term annuity can be used. The period can be almost any time period desired, ten years, twenty years even longer periods are available. In the event of death, before the time period selected, the remaining funds continue the payout to the named beneficiary until the original time period is fulfilled.


Here is a link for more information about income options: http://gulfnews.com/business/your-money/how-to-make-sure-women-have-a-pension-1.1197897

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