One way to approach retirement is to think of it in stages. While retirement might seem like the final step of a journey, your goals and lifestyle will likely continue to evolve, and your income strategy should reflect that. For example, consider looking at your retirement in five-year stages; can you meet your income needs for the next five years with relatively little downside?
This is another reason an annuity might help; an annuity can offer guaranteed income for life (backed by the claims-paying ability of the carrier) thus creating an income source you won’t ever outlive. If you’re interested, give us a call.
