Bay State Insurance Agency Limited
"Your Safe Money Team"
 Newsletter   
  
August 2013  
 
 

 

 , 
 
Here it is mid August already.  WOW!!  Where has the summer gone.  Time seems to just fly by.
  
Below is an article that we came across recently.  When you are through reading it, go tell your partner how much you love them.

3900 Saturdays
 
Marbles
 

The older I get, the more I enjoy Saturday morning. Perhaps it's the quiet solitude that comes with being the first to rise, or maybe it's the unbounded joy of not having to be at work. Either way the first few hours of a Saturday morning are most enjoyable.

 

A few weeks ago, I was shuffling toward the garage with a steaming cup of coffee in one hand and the morning paper in the other. What began as a typical Saturday morning turned into one of those lessons that life seems to hand you from time to time. Let me tell you about it.

 

I turned the dial up into the phone portion of the band on my ham radio in order to listen to a Saturday morning swap net. Along the way, I came across an older sounding chap, with a tremendous signal and a golden voice. You know the kind; he sounded like he should be in the broadcasting business. He was telling whomever he was talking with something about "a thousand marbles." I was intrigued and stopped to listen to what he had to say.

 

"Well, Tom, it sure sounds like you're busy with your job. I'm sure they pay you well but it's a shame you have to be away from home and your family so much. Hard to believe a young fellow should have to work sixty or seventy hours a week to make ends meet. It's too bad you missed your daughter's recital," he continued; "Let me tell you something that has helped me keep my own priorities." And that's when he began to explain his theory of a "thousand marbles".

 

"You see, I sat down one day and did a little arithmetic. The average person lives about seventy-five years. I know, some live more and some live less, but on average folks live about seventy-five years.

 

"Now then, I multiplied 75 times 52 and I came up with 3,900, which is the number of Saturdays that the average person has in their entire lifetime. Now, stick with me, Tom, I'm getting to the important part.

 

It took me until I was fifty-five years old to think about all this in any detail," he went on, "and by that time I had lived through over twenty-eight hundred Saturdays. I got to thinking that if I lived to be seventy-five, I only had about a thousand of them left to enjoy. So I went to a toy store and bought every single marble they had. I ended up having to visit three toy stores to round up 1,000 marbles. I took them home and put them inside a large, clear plastic container right here in the shack next to my gear.

 

Every Saturday since then, I have taken one marble out and thrown it away. I found that by watching the marbles diminish, I focused more on the really important things in life. There's nothing like watching your time here on this earth run out to help get your priorities straight.

 

Now let me tell you one last thing before I sign off with you and take my lovely wife out for breakfast. This morning, I took the very last marble out of the container. I figure that if I make it until next Saturday then I have been given a little extra time. And the one thing we can all use is a little more time.

 

It was nice to meet you Tom. I hope you spend more time with your family, and I hope to meet you again here on the band. This is a 75 year old man, K9NZQ, clear and going QRT, good morning!"

 

You could have heard a pin drop on the band when this fellow signed off. I guess he gave us all a lot to think about. I had planned to work on the antenna that morning, and then I was going to meet up with a few hams to work on the next club newsletter. Instead I went upstairs and woke my wife up with a kiss. "C'mon honey, I'm taking you and the kids to breakfast.

 

"What brought this on?" she asked with a smile.

 

"Oh nothing special, it's just been a long time since we spent a Saturday together with the kids. And hey, can we stop at a toy store while we're out? I need to buy some marbles.

 
                         Annuities For Women

                            

                Business Women

Who lives longer, men or women? 

 

The answer has long been known, women are in first place in the longevity test. Statistically, they live longer by 6.5 years.

 

In a 2011 survey asking Baby Boomer-aged women about their retirement plans and their money available for investing, single women had substantially less money saved for retirement than did single men. In addition to less money saved for retirement, a high percentage (86%) of women surveyed planned to retire earlier than men.

 

The other important fact discovered from the survey results was that women had a much greater fear of running out of money during their retirement years. While only 52% of men are concerned about retirement shortfalls, 70% of women list this as their number one concern.

 

According to the Women's Institute for a Secure Retirement (WISER): http://www.wiserwomen.org/

 

Top Five Retirement Challenges For Women

  1. Three out of five working women earn less than $30,000 per year.
  2. Three out of four working women earn less than $40,000 per year.
  3. Half of all women work in traditionally female, relatively low paid jobs without pensions.
  4. Women retirees receive only half the average pension benefits that men receive.
  5. Women's earnings average $.77 for every $1 earned by men - a lifetime loss of over $300,000.

Realities as listed above put retirement in jeopardy and makes planning a difficult task. The Institute goes on to say that women are twice as likely as older men to become poor.

 

The important first step for women with their financial planning is to take control and be in charge of their financial future. Making sure your financial future has basic guarantees is the first step.  Annuities can help provide that important base. Here are a few benefits of using an annuity as the foundation of retirement planning.

  • Funds in an annuity accumulate as deferred.
  • Annuities can avoid probate when a named beneficiary is used. Many annuities now contain a death benefit provision which allows for a larger inheritance to be received by the named beneficiary.
  • Many annuities now contain long term care riders which will assist in nursing home expenses. Generally the LTC rider is less expensive than a long term care insurance policy.
  • The right type of annuity (fixed) allows for protection from loss (and risk) and the proceeds are fully guaranteed.
  • Unlike an IRA or 401 (k), annuities have no limits in regards to annual contributions.
  • And finally, women statistically live longer than men and annuities have an income feature that will provide an income for as long as the annuitant lives, regardless of how long that may be.  So a woman can provide the foundational structure of long-term guaranteed income without any concern of outliving her money.

 

Safety, guaranteed income...annuities could be the key for women who want an insured retirement income.
 
 
For more information on Annuities and the different types available give your "Safe Money Team" a call at 410-758-1680.
Safety, Security, Risk Free, Contractual Guarantees...Annuities                           
 
Anyone can make big money fast!

Although stability is always important, it is even more so in unsettling times.  During the most recent five downturns in the stock market, 2008, 2001, 1987, 1982, 1978, the market was anything but stable.  Confidence was low and stress was high. BUT...

 

...For folks that had Fixed Annuities, just the opposite was true.

 

Fixed Annuities are safe, guaranteed, secure and have no risk. As we accumulate funds for retirement, security, a child's education and other important life goals the need for something tangible such as safety becomes an important goal. Too often we are tempted with yields and returns based on a performance that cannot be measured and cannot be accurately forecasted.

 

Annuities are contracts with written guarantees in place to provide specific benefits. These benefits can be customized to accomplish a wide range of goals. The combination of guaranteed yields and written contractual provisions provide the basis for safety and security.

 

Interest rates are guaranteed and insured. These rates are based on a wide range of factors and are disclosed in advance of purchasing an annuity. Purchasing an annuity provides a powerful tool for reaching goals in life that are basic to security.

 

Every Fixed Annuity sold in the United States is back by liquidity and safety. The insurance company guarantees the annuity and that guarantee is backed by each state through the State Guarantee Fund. The amount of the guarantees can vary based on the individual state of residence of the annuity owner.

 

Safety, security, risk free, contractual guarantees....Annuities!

  
Attitudes Are Contagious, Is Yours Worth Catching?
How Do You Stay Positive?

 

 

Rule #1  - Wait To Worry

What were you worried about this time last year?

 

Did you know that only 8% of what we worry about ever comes true?

 

"Anxiety does not empty tomorrow of its sorrow, but only empties today of its strength"  ~  Charles Spurgeon

 

Rule #2 - Keep an Attitude of Gratitude

Count your blessings and jot them down.

 

"Feeling gratitude and not expressing it is like wrapping a present and not giving it."  ~  William Arthur Ward

 

Rule #3 - Your Health is Your Wealth

If you lose your health, you lose everything...

 

Take time to exercise, catch up on your sleep and eat right.

 

"One of the main qualities it takes to be successful is energy...

It may be the only thing."  ~  Katharine Hepburn

 

Rule #4 - Joy Boomerangs

Do something for someone else...the good you do boomerangs

back to you.

 

"If you want to lift yourself up, lift someone else."  ~ Booker T. Washington

 

Rule #5 - Learn to say "No"

We have limits to our time, energy and interests.

 

"If we always say 'yes', we run a greater danger of severing relationships than if we refuse right away."  ~  Vicki Hitzges

 

Rule #6 - Understand the Power of Discipline

If you discipline yourself today, you'll enjoy your life more tomorrow.

.

"Hold yourself responsible for a higher standard than anybody else expects of you."  ~  Henry Ward Beecher

 

Rule #7 - Surround Yourself with Positive People

Find people who will challenge you, believe in you and inspire you to improve.

 

"To love and be loved is to feel the sun from both sides."  ~  David Viscott

 

 

Attitudes are contagious,

Let someone else catch YOURS today!

  
   
Sincerely,

Mike & Rebecca


Mike Zimmer & Rebecca Thacker
Bay State Insurance Agency Limited

 
410-758-1680
1-877-411-3702 
 
"Your Safe Money Team"
In This Issue
3900 Saturdays
Annuities For Women
Safety, Security, Risk Free..
Attitudes Are Contagious
A Silver Lining For Your Retirement
With Our Thanks

 

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FEDERAL DEBT STUCK?

  

According to the Daily Treasury Statement for

 July 26, which the Treasury released yesterday afternoon, the federal debt has been stuck at exactly $16,699,396,000,000.00 for 70 straight days. That is approximately $25 million below the legal limit of $16,699,421,095,673.60 that Congress has imposed on the debt.

 

What a coincidence!

 

_____________________________

 

PRINTING TO CONTINUE

 

Interest rates will hold near zero and the Fed will continue buying $85 billion in bonds every month while the economy continues to improve at a "modest" pace, says the central bank. No changes are imminent to interest rates, but the $85 billion monthly money-printing program known as quantitative easing will be trimmed back only if the data points, particularly on unemployment, continue to improve. 

 

_____________________________

 

 

"A Year From Now

You May Wish You

Had Started Today"

~ Karen Lamb ~ 

 

  

____________________________ 


 

 

Quick Links

 

www.yoursafemoneyteam.com 

 

 

Individual Medical Insurance

(under age 65)

 

 


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A Sliver Lining for Your Retirement Account

If you transfer your IRA's, Annuities, old 401(k)s, or any other retirement account to us, one of our major insurance carriers will guarantee you an immediate 8%  premium bonus;
 
                   $50,000 becomes $54,000
                 $100,000 becomes $108,000
                 $250,000 becomes $270,000 
  
Not only that, you will receive an immediate 8% premium bonus on all premium payments received during the first seven contract years.
  
  
ATTENTION! 

Between now and August 31st the
 
 immediate premium bonus has been
 
 increased to 9%.
 

 $50,000 becomes $54,500

 

$100,000 becomes $109,000

  

$250,000 becomes $272,500

 

NOT ONLY THAT

  

you will receive an immediate

 

9% premium bonus on all

 

 premium payments received

 

 during the first seven years.

 

  
In addition to your premium bonus, how would you like to learn how you can add an income rider with a guaranteed 6.50% income growth for up to 10 years?  This is not a prediction, this is a guarantee.  You simply need to take a lifetime income.
  
Isn't it time you stop gambling in the risky stock market and get a good night's sleep? If you would like to have guaranteed growth and an income you can count on, give us a call at 410-758-1680 to learn how to earn more.

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Thanks to those you have served,
who do serve, and
most of all,
to those who have made the ultimate
sacrifice in service to America.
 
Let Freedom Ring.   
  
             
  


 

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Thanks to YOU the word is spreading.  Thanks to all of our clients and friends who graciously referred us to their friends and neighbors last month!  There's no question we have the BEST clients on the entire planet.

 

Our business is built on word of mouth advertising and we would like to thank everyone who has been kind enough to recommend our services to their friends.

 

We promise to treat your friends just like we treated you, with respect and understanding.  We promise to always do what is right for our clients. 

 
 

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The purpose of this newsletter is to provide  

information of general interest to our clients, potential clients and other professionals.  The information provided is general in nature and should not be considered complete information on any product or concept described.  For complete information, please contact our office at 410-758-1680

 or 1-877-411-3702.  

  

  

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