Unlocking Retirement Security: How Annuities Can Help Protect Assets and Guarantee¹ Lifetime Income, Part 2 (Ep. 27)
In the second part of this two-part series, Jim McGovern discusses how annuities can help provide a secure “retirement salary” that cannot be outlived¹ and how to help position other assets to serve as a “bonus” component for retirement spending. Jim discusses some of the challenges retirees face when relying solely on market-based investments, limitations of the popular “4% Withdrawal Rate” concept, and different ways annuities can be structured to meet income, investment, risk, and protection objectives in retirement.
Jim discusses:
- Why it is important to have a reliable source of guaranteed¹ lifelong income in retirement
- The potential consequences of relying solely on market-based investments
- The different types of annuities that provide guaranteed¹ lifetime income and some of their key features
- Addressing the worry of retirement savings earning a poor return (and how to mitigate this risk!)
- Other uses for annuities besides investing and retirement income
- The fees and penalty withdrawals considerations for annuities
- How to know which income strategy you should use in retirement according to your unique goals and objectives.
- And more
1All guarantees including the death benefit payments are dependent upon the claims paying ability of the issuing company.
Resources:
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Podcast: Play in new window | Download (Duration: 46:42 — 42.8MB) | Embed