Tune into one of the television stations listed below to get live retirement advice from Brian Quaranta!
In the world that we live in today, where you have most people retiring without a pension, the first step for any retiree is to protect the retirement lifestyle by creating their own private pension.
So, we want to mitigate that downside risk, because in retirement, it really is about mitigating, mitigating the downside, it’s not so much more about how much you earn, right, as it is about how much you keep, and the return of your money versus the return on your money.
People now are relying on the money they’ve accumulated in their retirement accounts, to start withdrawing that money from those accounts to live off of as income. And the big question is, are you going to have enough?
The person that pays the bills and the family is the one that has the most stress and anxiety about retirement.
The bank CD alternative today is what we call a fixed annuity. It’s so simple, and it’s so easy to use that it actually gives you a guaranteed rate of return just like a bank CD does.
You really should have a strategy in place that can absorb market volatility. Most people do not because they have 100% of their money in the market.
When you’re five years from retirement, or you’re retired, and you need to generate income from the money that you’ve accumulated over your lifetime, you don’t have the long term anymore, to recover from a market correction.
A lot of people think retirement planning is making contributions to a 401 K plan or an IRA account. But that’s a very small portion of the whole planning process.
It seems like with, you know, what’s happened over the past two years with the pandemic, a lot of people are looking at retirement more closely. They want to look at maybe bad things potentially happening to their situation, how they adjust.
