How was your retirement strategy created?
Luck? Or Planning?
30 years ago things seemed easier…and simpler. Pensions were everywhere, social security seemed strong, job security was a given. Now, time has changed. It’s up to families acting as CEO’s of their own future by saving and budgeting their way into financial independence and retirement.
According to Kiplinger, “The biggest threat to retirement wealth is withdrawing too much money from a shrinking nest egg, because there may not be enough left to benefit from the inevitable market rebound.”
That statement is correct, and it argues for “time-segmenting” your retirement savings. Time-segmentation makes it easier to align your retirement timeline with your investment strategy. It may also help you mitigate Timing Risk and Inflation Risk. By supplementing Social Security with a deferred income annuity, you can also better protect against Longevity Risk– the possibility of outliving your income.
Want to know more? Click here for our entire Retirement Income Planning Resource Center or view some of educational videos below!