Page 7 - WLIS-Spring-Magazine-2018
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It’s About FINANCIAL SECURITY
John Walters, standing on the into their business. John says route, all the way from Missouri
corner in Winslow, Arizona he started “saving hard†at about to California. I took a photo stand-
— taking it easy. age 35, and there was no magic ing on the corner in Winslow,
number regarding what percent Arizona — just like it says in the
“I was afraid of the stock mar- of his income he saved each Eagles song.†He made the trip in
ket,†he says. “I never liked it. month. He says the earlier you an old motor home in about 20
The 401(k)s are up and down too can start saving, the better. days, and says there was “lots to
much, and it’s not a sure thing. I see along the way.â€
don’t like that. I’m just too con- “My wife told me about the
servative.†Woman’s Life Roth IRA, so I The trip was so fulfilling that
started with that, putting in as John plans to do another Route
It’s not always easy for small much as possible. I always saved 66 drive, starting in Chicago.
business owners to find money in things that are secure,†John This time, he plans to take a
to set aside when they are grow- says. “I like the fact that there are month.
ing and reinvesting profits back no upfront fees, and Woman’s
Life guarantees the principal. I “I also want to do the Blue Ridge
like even more that the Woman’s Parkway, stopping to camp in two
Life IRA performed higher than it or three states along the way,†he
guaranteed.†says.
John’s strategy allowed him to Does John think the Woman’s
retire at age 62-½, so he surely Life IRA was the only thing that
did a lot of things right. These could have gotten him to where
included matching funds for his he is today? “Other companies
employees and paying double for offer good IRAs, but Woman’s
himself as Social Security Life guaranteed a certain mini-
requires for self-employed busi- mum interest rate and always
ness owners. He also added a went above that,†he says. “I
fair percentage onto every job he know I made the right choice.
quoted. “I figured that extra bit You don’t know if Social Security
was for our retirement,†he says. is going to be there, but I know
that Woman’s Life will be.â€
When it came to his building
remodeling and maintenance The statements and views expressed by
business, he also spent conserva- John Walters are his own and Woman’s
tively, buying older equipment Life Insurance Society expresses no opin-
and fixing it up instead of buying ion with regard to such statements. Some
new. “I kept an eye on costs by Woman’s Life offerings may not be suit-
being a hands-on boss,†John able for certain individuals. To discuss
says. “I was always out there how Woman’s Life offerings may be used
doing the work alongside two or in your planning, contact your Woman’s
three employees and whatever Life Representative or our Home Office to
subcontractors I needed.†speak with a licensed product specialist:
800-521-9292 ext 261.
So, what kind of retirement is
John finally enjoying? Disclaimer: Current interest rates are not
guaranteed and could go up or down;
Saving through his Woman’s however, the current interest rate can
Life IRAs has afforded him the never go below the guaranteed minimum
ability to take several trips on his rate. The cash surrender value of your
bucket list. “I did a Route 66 trip Woman’s Life annuity will never be less
with a buddy of mine,†John says. than the total amount of premium paid
“We pretty much did the whole less any prior partial withdrawals. Not all
products are available in all states.
SPRING 2018 | WOMANSLIFE.ORG | 5
