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 Terry Kennedy
Insurance General Agent
terry.kennedy@kofc.org
Investing Your Lump Sum at Retirement
Imagine sitting down on the day of your retirement to plan your financial future. You know what your annual expenses have been and you want to maintain your current standard of living. So, you consult a recent mortality table and find that if you’ve made it to your 65th birthday, you can expect to live to 85 years old. You perform a little calculation and find that, together with your Social Security monthly payments, you have just enough savings to maintain your current standard of living and spend all of your savings and future expected earnings by the time you die at the age of 85. But what if you live longer? Will you be reduced to making out an existence on Social Security alone? Where will the additional money come from? What if future investment returns are not what you anticipated at the start of your retirement? These questions are increasingly urgent in America today, as forces are combining to make planning for outliving your resources more important that it has been in the past. Old rules of thumb for spending your assets in retirement, called decumulation, need to be reconsidered.
For more information and to get a copy of “INVESTING YOUR LUMP SUM AT RETIREMENT”,by the Wharton Financial Institutions Center, please contact your Field Agent or me @ terry.kennedy@ kofc.or
FIND YOUR GENERAL AGENT(CLICK HERE)
FIND YOUR FIELD AGENT(CLICK HERE) |
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Since our founding in 1882, the primary mission of the Knights of Columbus has been to protect families from the financial ruin caused by the death of the breadwinner.
In the beginning, Venerable Father Michael J. McGivney and his fellow Knights “passed the hat” to benefit widows and orphans.
From that humble start, the Order has grown to include top-rated life insurance, long-term care insurance and retirement products.
With more than $75 billion of insurance in force and a full-time field force of more than 1,400 serving our members and their families, we are proudly fulfilling Fr. McGivney’s vision.
The best way to learn about our products is by arranging a visit with a local field agent. Your agent can custom design an insurance program to meet your current needs, help you plan for the future or simply explain the many fraternal benefits that come with membership. |
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Why Choose Us?
Why Choose Us?
We are strong
The Knights of Columbus is a fraternal benefit society that is strong, secure and stable. Members can be confident that we’ll be here when you need us. We’ve been successfully protecting families since 1882, and our outlook remains bright.
Don’t just take our word for it.
* Standard & Poor’s has given us their highest rating (AAA, Extremely Strong) for 17 consecutive years.
* A.M. Best has bestowed on us their highest rating (A++, Superior) for 34 consecutive years.
* The Insurance Marketplace Standards Association (IMSA) has given us their certification for our ethical business and marketing practices.
Only three insurance companies in the United States can claim these three accolades. In Canada >>>> |
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