Happy Retirement Investing-An Income for Life Alternative
We each have different needs and wants so the amount of dollars required for a Happy Retirement is surely going to vary from person to person. Some goals may be realistic to reach while others may just be unrealistic wishes.
Recently I was speaking with a financial planning professional who was saying it is not really how much money you have but how much income you can generate from your investments for as long as you need it.
Changes in the economy can easily effect the value of any portfolio, and thereby quickly change the total dollars available from year to year to meet one’s needs and lifestyle.
Have you been faced with selecting an investment product that guarantees a life time income? Did you decide to choose this investment path and if so why? What were the pros and cons that you considered during your decision process?
For many retirees Social Security will be the only regular income that they will receive. It was suggested to me that having an additional income for life during retirement should surely be a welcomed addition.
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