Don’t Overestimate Your Risk Tolerance in Retirement (growth vs. income)‼️

(don’t forget to checkout the video of this blog too)

Everybody has a different tolerance for stock market risk.

Some people are very comfortable with the ups-and-downs…

And some people can hardly stomach any potential losses of their hard-earned retirement savings.

One mistake a lot of people make in their retirement planning is over-estimating their risk tolerance.

They think because they were an “aggressive” investor in their working years…

That they will still be comfortable with that level of volatility.

But most of the time…they’re not‼️

And there is one key reason for this:

They no longer have their INCOME‼️

They are now living off of their retirement savings.

It’s easier to be a better investor when you have INCOME.

This is precisely the same reason that having some type of guaranteed income helps you as an investor.

You are able to allow market losses to recover without having to “do something”.

So not only do pensions and annuities provide you with guaranteed retirement income….

They also enable you to invest like you did in your working years.

This has been shown to translate to higher returns in the market as well‼️

So income isn’t the only reason to use income annuities.

They can be a huge part of your overall retirement strategy.

Predictable income truly allows you to be more disciplined with your “growth money”, which often translates to more wealth-building (even in your retirement years).

That’s why it’s important to leverage insurance companies for what THEY are good at…

So you can leverage the market for what ITS good at.

Let’s Chat 💬😎