Making your money last as long as it needs to.
Many retirement planners focus on the accumulation phase, helping you save for your future. They highlight their experience in investing, gauging your risk tolerance level, designing a diverse portfolio, detailing the pros and cons of stocks and bonds.
Few, however, put as much thought into what happens when you start drawing that money out, a potentially dangerous time. People are living longer. Studies show that there is a nearly one in four chance you or your spouse will live until you’re 90 years old. (Source: NVSS Vital Statistics Rapid Release, “Provisional Life Expectancy Estimates for 2022”
In the meantime, inflation chews away at fixed incomes, healthcare costs keep rising, and even the timing of your retirement can play a major role in how much money you have available to spend.
It’s called “Longevity Risk”, and it should be a consideration for any retirement plan, no matter how old you are when you start thinking about it.
So the question becomes how to help make sure your money provides you with a comfortable lifestyle for as long as your retirement lasts?
The answer is easy: Click here to connect with a professional today.
We call it our bucket strategy, and it’s designed to help your retirement plan be less vulnerable to market swings through separate elements that provide for guaranteed income, protected principal, and flexible investments like conservative mutual funds.
What’s a good way to meet your retirement goals?
Call us at 866-271-0215 or fill out this form to set up an appointment with one of our trained, experienced financial professionals.
If you’d like to explore our retirement strategies further before you call, including addressing sequence of returns risk and guaranteed retirement income strategies, click here.