Find The Right Retirement Income Strategy For You

Retirement can be very confusing.

With all the different strategies, solutions and products available to retirees and near-retirees today, it can become extremely difficult to try to determine which is the right strategy for you. Not to mention, the constant junk mail, the television commercials, the newspaper & magazine articles, the unlimited spam emails and the constant ‘free gourmet dinner’ invitations. Needless to say, it can become overwhelming very quickly.

At Income For Life, we do our best to simplify this process for you by offering ‘common sense’ ideas and strategies that are built to make sure that you STAY retired. In retirement, it is very clear that retiring is easy, but staying retired is difficult. We will make sure that you have a retirement plan that is built to guarantee that when you retire, you stay retired.

For example, here is what we mean by a ‘common sense’ retirement:

  • When you retire, what are you no longer receiving every two weeks? That’s right: your employer paycheck.
  • You have a nest egg set aside for retirement purposes, right? Yes. This could be an employer plan, a brokerage account, a bank account or a combination of all three.
  • Wouldn’t it make ‘common sense’ to use a portion that retirement nest egg to replace the paycheck that you are no longer receiving and have it last the rest of your life? Of course it does – that is why most saved up their nest egg in the first place.

In retirement, the goal should be GUARANTEED INCOME. You must have a guaranteed income stream that will last you for the rest of your life. Without it, you could be forced back into the workforce later in life, which no one wants to be forced to do – but we see it happen to many retirees across the nation.

To help simplify your retirement process, we assist our clients with a clear understanding of the three retirement income choices from which to choose from. These choices are:

  • The Bank Way
  • The Wall Street Way
  • The Insurance Way

Each of these three ways has pros & cons and no one strategy should ever be used exclusively. Our team at Income For Life will help determine how much of each strategy should be considered – and when – for your retirement income needs.