Thursday, January 17, 2013

The Ease of Wrestlers Using an Immediate Annuity

By Rob Sutter


Professional wrestlers cannot say in their primes forever and growing old is something that is, simply put, a fact of life. They seem to limit themselves the more they go on and you can see the changes, too. Appearances become more minimalist, as do the moves which they perform on a nightly basis. This can also ring true for retirement, in which they will take on an immediate annuity procedure once they hang up the boots and decide to live comfortably.

In short, an immediate annuity is a procedure in which payments are made right away after you give an insurer a lump sum of cash. In short, you are ensured regular payments until the day you die. Companies such as Savings2Income will endorse this idea for good reasons because it has proven to be beneficial for many people in the world of retirement. Since it has worked so well for people in the past, it can undoubtedly do a world of good for people who made their livings within the squared circle.

Since these wrestlers have spent so many years of their lives competing around the world, I don't think they need any more intricacies placed in their lives. This kind of annuity is not so intricate and it gives them what they are entitled to. They are ensured certain amounts each month and that is exactly what they will be given, no if's, and's, or but's. Money is not going to be a subject worth worrying about because, in my mind, they didn't seem to concern themselves with it before.

Retirement is something that should not be ignored by anyone, regardless of the jobs they have, because the number of athletes who refused that kind of assistance is quite staggering. They found themselves drawn to the business because of such financial problems when it was clear that they should have stayed away from it all. However, with bad investments and the like being made, there doesn't seem to be much of an alternative on the manner. One only has to look to figures like Hulk Hogan to see legends that have been dismissive of the importance of retirement planning.

When considering just how many large purchases people in this line of work make, is it any wonder as to why the importance of retirement planning is highlighted? People have to see about different forms of annuities because it's clear that some will resonate with certain audiences more than others ever will. I have to believe that these people are smarter than they have before in wrestling's history. Hopefully they understand that planning for the golden years is important and will act accordingly.




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