The Retirement
Rescue System
HOW TO NEVER RUN OUT OF MONEY IN RETIREMENT
The Retirement
Rescue System
HOW TO NEVER RUN OUT OF MONEY IN RETIREMENT
DAVID ABREU
Copyright 2020
The Retirement Rescue System
Copyright 2020 David Abreu
All rights reserved. No part of this book may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying or recording, or by any information storage and retrieval system without permission of the copyright holder.
Cover by 99 designs
Printed in the USA
.
Im not afraid of storms,
for Im learning how to sail my ship.
Louisa May Alcott
TABLE OF CONTENTS
Acknowledgements
The information in this book was gathered from the wisdom and lifetimes of experienced professionals in the financial and insurance industry.
This industry is a tough one but a rewarding one, and a career path of love. You have to love people to want to help them. You have to love people to have tough conversations with them. We shine a light on lifes obstacles that most people dont even want to acknowledge, let alone talk about.
However, personal and financial growth never comes from easy conversations but from tough ones. Conversations that make us look inward and think, take action and change course for the better. I want to thank everyone I have worked with in the past.
Thank you to the clients who allowed me to interview them for the content of this book and essentially making it possible to figure out mathematically-sound solutions to the obstacles that were in the way of their dreams and desired goals. This book would not exist without you.
Thank you to the insurance agents and career advisors who have made it their lifes mission to educate retirees everyday to make sure that their clients finances are safe and secure ensuring that nest eggs not only grow, but grow safely.
Disclaimer
Disclaimers are an important part of consumer protection in any industry, including the financial and insurance industry. With that being said, there are a few I would like to go through with you before you begin this book.
This publication contains the opinions and ideas of its author. It is intended to provide helpful and informative material on the subject matter covered. It is sold with the understanding that the author and publisher are not engaging or rendering professional services in this book. The information provided is not intended as tax, investment or legal advice, and should not be relied on as such. If the reader requires personalized assistance, you are encouraged to seek tax, investment, or legal advice from an independent professional advisor. The views expressed in this book are exclusively those of the author and do not represent the views of any other person or any company the author is associated with.
The author is not affiliated with the U.S. Government or any Government association.
This book has not been reviewed, approved, endorsed or authorized by any persons quoted in this book.
The material in this book is intended solely for information purposes. It should not be considered an offer of any product. One might use a variety of insurance products in planning for retirement, not only Fixed Index Annuities. The reader should consult with their own financial professional to assist them in making a decision on what is suitable and appropriate for them, based on their specific needs, age and timeline.
The reader needs to understand that the title of this book is just that a book title. A catchy phrase used to attract readers. There is no promise to the reader that their retirement will be rescued in any way. It is up to the reader to research and directly seek a financial professional.
Any mention within this book of any particular product, strategy or system for specific retirement concerns is not to be construed as a definitive, only, or best available option for that purpose. For any given financial concern the reader has, there can be multiple solutions.
For ease of reading I may refer to financial professionals as agents, advisors, brokers, fee-based advisors, non-fee-based advisors, etc. In this I am not indicating who is or isnt licensed to sell these products. It is the readers job to make sure the person or company you choose to work with is licensed to sell the product you want to purchase.
It is important to understand that a Fixed Index Annuity is not a security.
In this book I may reference the use of the RRS (Retirement Rescue System), or our system. This simply indicates the usage of a Fixed Index Annuity. Also, it is not our intention to give the full scope and details of an annuity, as there are many types of annuities available which are not discussed in this book. We do not set out the comparison of any products, as there are many investments that are available for ones specific situation. It is the readers job to research and work with a professional, who can review all appropriate options available.
While reading this book I may use different terms to reflect the accumulation of money, like growth, gains, average growth rates, etc. Understand that I am referring to the interest credited, as interest credits are the only way Fixed Index Annuities grow in account or accumulated value. I intend to keep the conversation flowing by writing in conversational English and not financial or legal jargon. Terms used in this book similar to or related to the word guarantee or guaranteed describing an insurance product, including Fixed Index Annuities, are based on the fact that any contractual guarantees within the insurance policy are solely backed by the financial strength and claims-paying ability of the insurance company that offers the contract or policy. The contents in this book should not be taken as financial advice, or as an offer to buy or sell any securities, funds, or financial instruments. Any illustrations used or situations presented are hypothetical and are not necessarily specific to the readers specific financial objectives. The contents of this book should not be taken as an endorsement or recommendation of any company or individual. Fixed indexed annuities are designed for long-term financial planning, and are not intended for short-term investment strategies. Guarantees or annuity payments may be subject to restrictions, fees, and surrender charges and as described in the annuity contract. Fixed Index Annuities are not stock market investments and are not in the stock or equity markets. Neither an index nor any market-indexed annuity is comparable to a direct investment in the equities market.
The author specifically disclaims any liability, loss, and risk, personal or otherwise, which is incurred as a consequence of any of the contents of this book. The author does not assume any responsibility for actions taken by the reader, and no one shall be entitled to a claim for detrimental reliance based on any information provided in this book. Use of any information provided in this book does not constitute a relationship between the reader and the author or his firm. No investment is risk-free. Every investment has some type of risk, whether its market risk, longevity risk, inflation risk or opportunity cost, or any other type of risks.
I hope this book gives you the value that I intended and can be a good starting point in your journey of financial understanding. Before making any decisions about your finances, it is best to have a detailed conversation with a licensed financial professional.
Wishing you and your family the best! Enjoy!
Preface
As the founder and CEO of a San Diego, CA-based financial and insurance services firm, a member and published author for the Forbes Finance Council, and someone who has power to change lives based on my knowledge and experience, I have been dreaming of writing this book for over 10 years and now I have finally made it happen.
