With interest rates at historic lows and people living longer, guaranteed lifetime income is critical to a secure retirement plan. I recently wrote an article about Longevity Risk in a column I write for the Boca Raton Tribune about Life Cycle Financial Planning. It is just as relevant today.
“A lack of awareness and understanding about guaranteed income solutions is keeping an alarming number of people at risk during retirement. Most people feel safer and more secure with adequate amounts of guaranteed lifetime income. Without it, you are missing a key component of a balanced retirement plan. With it, your future is anchored in security, allowing you to consider more risk in other areas. An experienced specialist in guaranteed income solutions can help you determine the appropriate amount of income for your specific retirement plan.”