Retirement income plans are not just for the wealthy. As you near retirement, the traditional strategy has been to move growth-seeking products to more conservative fixed-income products. This may have wprked fine back when retirement was only expected to last five to ten years.
Thanks to new prescription drugs and medical technology, people are living longer than ever before. However, one drawback to a longer life is the greater possibility of your savings running low - creating all the more reason to develop a retirement income plan designed to last a longer lifetime.
An investment loss in the years just prior to and/or just after you retire can have a dramatic impact on the level of income you receive over the course of your life. In fact, the earlier a loss occurs after retirement, the greater chance of depleting your retirement savings.
We can help you design an income plan incorporating insurance and investment vehicles to create opportunities for long-term growth as well as guarantee income throughout your retirement.