The Top 4 Reasons to Designate Money As Retirement Income 10 Years Prior to Retirement

(don’t forget to checkout the video too)

As you approach retirement, it’s important to designate some of your money as discretionary spending and some as guaranteed income.

These 2 strategies work well together because you are not subjugating your retirement income to the market and are able to maximize the income-paying ability of an insurance company.

But you’re also then able to maximize the flexibility of your own retirement by making sure some of your assets remain available for all your discretionary spending. 😎

It just doesn’t make sense mathematically to try to generate income from a portfolio that is in a volatile market. 📉

Volatile markets are great for GROWING your money but once you start taking income it completely changes.

That’s why utilizing an insurance company for income element of your retirement plan makes so much sense.

And 10 years prior to retirement tends to be the optimal timeframe to start to position some of your money into income vehicle.

Here are the top 4 reasons you should start that process about 10 years from retirement:

✅ You completely eliminate the market risk of a percentage of your retirement portfolio and start accumulating income value at a very significant rate (in fact, you can MORE THAN DOUBLE your money in 10 years, guaranteed).

✅ You will enjoy the benefits of a much higher income payment than most investment advisors can provide (instead of a 4% payout you will collect a payout rate between 5.32% and 6.68% if you take income between 60 and 70….plus it’s guaranteed).

✅ Having a guaranteed income source in place allows you to invest more aggressively, and potentially earn more money in the market because you are not relying on using that money to generate income.

✅ You can spend every last dollar you have and still be sure that you will NEVER outlive your money under any circumstance.

So running out of money, is not a concern for you at all with this strategy…

Let’s chat 💬😎