If you’re over age 60, realize that there are no more DO-OVERS with your retirement money.

People are living longer. Here are some numbers you should know:

-1 in 4 sixty-five-year-old men will live to age 93.

-1 in 4 sixty-five-year-old women will live to age 93.

How will you make your retirement money last that long? 

Number one, keep it simple. This means you have to understand what you're purchasing. How do we get from point A to point B? Annuities can do this for you.

#1. Annuities protect your principle.

#2. Annuities can give you a bonus upfront, to help you jumpstart your retirement.

#3. Annuities have growth potential and have guaranteed income.

Which everybody is going to need income, unless you have the ability to say, “I don't need the income.” I don't know many that have that ability. And then you can leave money to your family.

Number two, use your common sense. Now, here's some common sense that I wrote about in my book.

Does your son-in-law “the mechanic” have your best intentions in mind? And I have nothing against mechanics, my dad was a bulldozer operator and I know how to do things around the house.

But let's put this in perspective. Hypothetically, your son-in-law, who's 30 years of age, and your 70 years of age. He has $500,000 in debt, you have $500,000 in assets.

Why are you listening to your son-in-law? How can he help you make decisions based on money for the rest of your life?

Unfortunately, people think that people are trying to help them, and they are, but sometimes they're trying to help you OUT of your money.

The point is who you're listening to makes a BIG difference.

Number three, use your gut feeling to guide you.

The number one question we get from people all the time is, “Joe, is my money too risky?” Well, if you're asking me that question, most likely yes, your money is too risky.

*Blog Disclosure: It's not the purpose of this blog post to provide tax, legal and/or financial advice and you should always seek counsel from your CPA, attorney, and/or advisors as these topics relate to your specific needs. This information is being presented in a very general way and it's for illustrative purposes only.