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:

• Unlocking Retirement Security: How Annuities Can Help Protect Assets and Guarantee¹ Lifetime Income, Part 1 (Ep. 26)

Connect with McGovern Wealth Group:

• jmcgovern@mcgovernwealth.com
• info@mcgovernwealth.com 
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