When it comes to retire income strategy the most common, time-tested method might not be the best one.
With pensions a rarity these days, retirees are looking for new ways to generate monthly income through investments or practical portfolio management. The 4% rule is often cited as a smart way to generate monthly income. You take 4% of your portfolio in cash every month and if all goes well you should never have to touch the principal. In reality, this idea depends on a constantly steady market, which only happens 50% of the time.
We like to look at a broader picture, examining various tracks to secure monthly retirement income – with as little risk as possible. After all, this is not a dress rehearsal. You want to get it right.
If you’d like to discuss retirement income solutions in greater detail, call our office at 724-382-1298 or complete the meeting form to the right to start a dialogue.