Our 3 Core Principles:
Retirement Income Strategies
Our 3 Core Principles
You need a good retirement income strategy in order to have a stable retirement. It’s our belief that you should keep three main principles in mind when crafting your strategy:
- Safety first
- Expect a reasonable rate of return**
- Keep it simple!
Safety
Protecting your savings is our highest priority. You shouldn’t have to worry about losing the money you’ve worked so hard for. While riskier investments like the stock market might’ve worked for you during your working years, as retirement approaches, your goals may shift. You may becomes less okay with risk, given that now, that money is all you have. Once you retire, you obviously won’t be earning income from working anymore. Thankfully, there are options to put together retirement income strategies that keep your money protected, no matter what happens in the stock market.
A variable annuity, for example, invests money in the stock market. If the stock market drops, so does the value of a variable annuity. An FIA, however, is not like this. If you’re looking to protect your principal and have a reasonable rate of return,** you should look into more details about FIAs.
Reasonable Rate of Return**
In addition to preserving your money, earning a reasonable rate of return** is also important. Typically, retirement options will provide one of these benefits, or the other. Options that offer safety usually don’t also offer very satisfying returns. This may result in not all your expenses being covered. While your money is safe, you might not have enough of it to last you your whole retirement.
However, there are products that can offer you both. For example, a fixed indexed annuity (FIA) might serve as a vital part of your retirement income strategy. This product offers indexed interest at a reasonable rate,** but also guaranteed* safety, no matter what happens in the stock market.
Keep it Simple
Your retirement income strategy shouldn’t be complicated. Not only does “more complicated” not equal “better,” but it’s our belief that, if you have to spend your retirement worrying about if your strategy is working, what risks you should be prepared for, etc., then you aren’t even really retired. Simplicity is possible. It’s possible to have safety, and a reasonable rate of return,** in one simple product. Reach out to us to learn more about this.