10 Part Retirement Planning Series: Part 2
Many Thanks from the Desk of Matt Nelson, CEO of Income for Life
Retirement planning is an often complicated and tricky journey. When you’re in your 20s, you’re told you need to start planning, but aren’t offered many tools in order to really find success. In your 30s, you’re told that if you haven’t started to put money away for retirement, you’re already behind. By the time you’re in your 40s, you may find yourself scrambling to find the income to sustain you in your retirement. At 50, you’re looking towards retirement and wondering if you’ll even be able to retire, let alone stay retired. This is a common problem all throughout the United States and if you’ve ever felt like any of these scenarios at any age, know that you’re not alone.
Here at Income for Life, we are able to provide you with a variety of tools in order to better help you be prepared for your retirement years. We appreciate your interest in our company and your willingness to learn more about retirement planning. Over the course of this 10-part email series, we will cover a variety of topics that have become more important in retirement planning and investing over the last several years. From measured risk with investing to the fear of outliving your retirement income, we will help you not only have a better understanding of these topics, but help empower you to take action concerning your retirement needs.
As we take this journey together, know that your guide, Matt Nelson, is ready and willing to help you with all your retirement questions and concerns.
A Little Bit About Matt Nelson
Matt Nelson is the President and founder of Income For Life, LLC, and the host of Income For Life Radio. He has been featured both nationally and regionally in over 200 publications as one of the industry leaders in retirement income planning and has trained both clients and advisers across the country on how to properly structure their retirement income planning portfolios.
A Premier Retirement Planning Firm
Income for Life is a nationally recognized retirement planning firm that has the knowledge and experience to back up that standing. We focus on providing our clients the retirement solutions that they need, and not ones that they don’t. It’s important to note that we’re an independent retirement planning firm that maintains many relationships with the top insurance companies and have a wide variety of products available in order to find the right fit for you, not us. The best part is that our services are completely free to you, now and moving forward, should you opt to work with us for your retirement planning needs. The many annuity companies that we work with pay us for providing you with the exact services and investments that you need, not you!
As you learn more about how to navigate your retirement income through this 10-part email series, keep us in mind for when you need help or access to top retirement products, because Income for Life is truly a premier retirement planning company. We hope you enjoy this journey with us and would like to personally thank you for your interest in our services and expertise here at Income for Life.
The Retirement Mindset Shift
How you think about retirement is often dictated by your age and stage in life. As a young adult, the general consensus is that you should put aside even a little bit each month for retirement in your later years. An industry peer said it well when he told a young lady over a Memorial Day picnic that it doesn’t matter how much you have, the biggest benefit you can give yourself is time. Even if you just start by putting $50 aside each month from a young age, you have time to accumulate more money than those who start later in life. However, that doesn’t mean that there aren’t a variety of options available for individuals who start saving for retirement at any age.
From whenever you start saving and investing for retirement up until age 50, many individuals fall into a financial phase of life called the Accumulation Phase. This is a phase of life where you try to accrue and save as much money as possible. You may even be aggressive with your money and invest in a wide variety of sources, including the stock market in order to gain as much value from your money as possible.
Conservation of Retirement Income
Around age 50 a mental shift happens in how pre-retirees look at their financial situation and needs. This mental shift takes individuals from the Accumulation Phase and transitions them to the Preservation Phase. This new financial phase of life encourages individuals to be more cautious with their nest egg in order to guarantee an appropriate amount of retirement income. Risky options no longer seem reasonable, as they put this nest egg in jeopardy.
Moving from the Accumulation Phase to the Preservation Phase is completely natural in this stage of life. It helps to guarantee your retirement income. As you look forward towards retirement, it’s time to consider different avenues for your retirement investments and income in order to help preserve the money you’ve earned while still growing it at a reasonable pace.
What Does Guaranteed Mean?
When you shift into the financial Preservation Phase of your life, you need guaranteed income options that will preserve your current nest egg. You can’t afford to lose any of the wealth that you’ve gained, or else you risk having your money run out during your retirement years. Guaranteed means that any money you invest will not be lost. Period. There are many premier annuity products that are genuinely guaranteed income as you move into this new financial phase of life and prepare your investments to support you through every day of your retirement. It’s important to be conservative with your money and your financial choices in order to enjoy your retirement.
Income for Life is the Top Rated National® Retirement Planning company that can help you make important and rational decisions about your retirement nest egg. Let us help you through this new financial phase of life and give us a call as part of your next steps in your retirement income planning journey.