Our Three Core Principles
Our 3 Core Principles
The following three principles, in our opinion, are crucial to effective retirement income strategies:
- Safety first!
- Reasonable rate of return**
- Keep it simple
Achieving all three of these goals is important: safety, a reasonable rate of return,** and a thorough understanding of how your retirement strategy works. Schedule a meeting for a one-on-one discussion with us if you’re interested in learning more about these three concepts and how to implement them. Alternatively, you may come to one of our informational dinner seminars. We discuss many retirement-related concerns at these events, along with options that may help you develop or improve your strategy.
Safety First
Perhaps you were more comfortable with risk when you were still working. But things could change as retirement approaches (or arrives). The stock market has its ups and downs, which is okay if you have time to wait for an upswing. However, as you get older, time is no longer on your side; you need your money now. You might not have enough time to recover from a financial loss you suffer during retirement.
This is the reason it’s crucial to incorporate safety into your strategy. It should be your biggest focus, in our opinion. Safety first, and only then potential growth. A fixed index annuity (FIA) safeguards your principal and any interest you may accrue while generating guaranteed* retirement income for the rest of your life. Because of these benefits, you might wish to incorporate it into your strategy.
Reasonable Rate of Return**
Do you have to choose between safeguarding your money and obtaining a reasonable rate of return?** Fortunately, you don’t. You are able to enjoy both of these advantages, assuming you’ve crafted the right strategy for yourself.
Your next goal should be to create a retirement income strategy that will allow you to achieve a reasonable rate of return.** You shouldn’t find yourself in a situation where you run out of money and have to return to work years after retiring. Thus, you must continue to generate interest on your retirement savings at a reasonable rate (over time). You may still be able to obtain a reasonable rate of return** while also protecting your money by using some annuities or life insurance products.
Keep It Simple
Putting together retirement income strategies can appear difficult. It doesn’t need to be, though! In addition to safeguarding your funds and providing you with a reasonable rate of return,** your strategy should be simple and easy for you to understand. Additionally, one product may be able to provide you with all of these advantages. This is a great benefit, because you shouldn’t have to worry about the performance of your investments and spend most of your retirement closely monitoring your accounts. Instead, you ought to have a strategy that gives you assurance and a sense of security. Annuities are one type of product that might be able to help with this.
These three ideals are not mutually exclusive; rather, you should work to uphold all three of them. Contact us if you'd like to learn more about annuities.
You could sign up for one of our informative seminar events, or schedule to meet with us one-on-one to talk about your individual needs. Get in touch with us now!