Millions of people put their core retirement income at risk. What’s “core retirement income”? Core retirement income is the money you need for the basic expenses necessary to live: household, meals, personal care, healthcare, transportation, and some leisure and hobbies.
It may be $35,000/yr., $120,000/yr., or $250,000/yr. Once you determine that amount, wouldn’t it be nice to have confidence that you’ve created a predictable retirement income stream, with inflation protection, tax advantages, arriving on a monthly basis, and accessible?
Let’s repeat: Millions of people put their core retirement income at risk.
They don’t set up a predictable income stream; in fact, they don’t even know the opportunity exists. Many view Social Security as a guaranteed income stream, but rarely does it cover all expenses.
Isn’t it time to start thinking about creating a core retirement income without risk?
Unfortunately, 401(k)s and IRAs are the financial vehicles most people use to save. These are cursed with fees, taxes, risk, and volatility. They will not provide you with a certain income stream.
Why? You don’t know what future tax rates will be, and you don’t know what the value of the investments will be at any given time. Remember, volatility is not your friend.
What can provide the assurance of retirement income you need? A specific type of Whole life insurance and annuities, of course. But only certain types of each. This strategy has been used successfully for over 160 years…Why haven’t you been participating?
The Finance Fixer Team is uniquely focused on strategies to provide certainty and guarantees for your financial well-being. Start thinking differently; get past the conventional wisdom and marketing hype!
All whole life insurance guarantees are based on the claims-paying ability of the insurer. Excess policy loans can result in termination of a policy. A policy that lapses or is surrendered can potentially result in tax consequences. Dividends reflect profits and are not guaranteed.