“I want a retirement paycheck but I do not want to lose any principal”.
We hear this concern more than any other when people are planning their retirement. The combination of never losing principal and guaranteed income for life is finally being recognized as an optimal retirement goal. Lifetime income protects people from longevity risk. It is helpful for people to understand the difference between accumulated assets in retirement versus lifetime income streams. Until now, the primary goal has been to increase the amount of assets in order to draw them down in retirement. Professors at leading universities and retirement centers around the world are now asking retirees to re-think that conventional wisdom. Using the right annuities that guarantee liquidity from day one, you can have your cake and it too:
“A portfolio of stocks and bonds cannot provide guaranteed income for life, without meaningful risk. On the other hand, the right longevity annuity contract does GUARANTEE you will never lose principal and income you cannot outlive. Retired people want to protect their IRA assets and their personal retirement assets from market loss and interest rate risk. But, they want some upside when the markets are up. An indexed annuity protects the downside while sharing in a percentage of the upside. Once people understand these tools work this way, they become open to re-balancing assets.
I will clarify and answer any questions on a complimentary basis.” Ted Bernstein, Boca Raton Tribune
You can reach Ted Bernstein at Life Cycle Planners, 561-869-4500 or email Ted to arrange for a consultation by phone or in person.
Also published on Medium.