Three Core Principles
Our 3 Core Principles
We believe that the three main components of a retirement income strategy are:
- Safety first!
- Look for a reasonable rate of return**
- Keep it simple
These three characteristics are, in our opinion, critical to a successful retirement income strategy. Contact us to set up a meeting to learn more about these three principles and how to implement them. Alternatively, attend one of our educational dinner seminars. We discuss both factors that may affect your retirement and options that can assist you in developing your strategy.
Safety First
Taking risks may have seemed easier when you were still working. But as retirement approaches (or arrives), things may change. If you lose most of your savings due to a market drop after retirement, you will not have time to recover your losses. That money is likely your only source of income. This is why we believe your strategy should prioritize safety; We recommend that it be your top priority. Safety comes first, followed only then by potential growth. Fixed indexed annuities (FIAs) guarantee* lifetime income while protecting your principal and interest. You might consider including an FIA in your retirement income strategy.
Reasonable Rate of Return**
Do you have to choose between protecting your money and earning a reasonable return?** Fortunately, you don’t. You can receive both of these benefits. Getting a reasonable rate of return** should be your next top priority. It’s critical to earn enough interest on your retirement savings over time to avoid running out of money and possibly having to return to work in retirement. Certain annuity or life insurance products may be able to protect your principal while also providing a reasonable return.**
Keep It Simple
Devising a retirement income strategy can be complex. But it doesn’t have to be. Your strategy should protect your money, provide a reasonable return, and be easy to understand. You may be able to get all of these benefits from a single product. You deserve a strategy that gives you confidence, rather than spending your retirement monitoring your accounts and worrying about your investments. One option is to purchase a fixed indexed annuity (FIA).
Instead of having to choose, strive for all three of these values.
Contact us for more information on annuities and other options that may be beneficial to you. You can attend one of our educational seminar events or meet with us individually to discuss your needs.