Traditional money managers and most investors are hard-wired to seek growth. They are always looking for a deal, an edge, or some way to capitalize on untapped potential and capture appreciation. But to truly ace retirement, you need to look beyond asset accumulation, into the next phase, where stable guaranteed income is the key.
When it comes to creating an INCOME from those assets, a whole new set of skills is needed. There are different tools, different risks, and different objectives. Asset accumulation skills are NOT useful when it comes to income optimization, and your basic stock broker is definitely not up to the task.
You need a different set of skills to maximize income. Moving from accumulation to decumulation- the orderly drawdown of assets – requires new tools and different approach.
To ‘ace’ the retirement game, you need to put yourself in a position to outlive your expectations, and not outlive your money.
We’re here to help.
The best way to get the most out of your assets is to put a guaranteed floor under your portfolio.
These guarantees can come in the form of guaranteed income, or guaranteed appreciation. In both cases, you are secure. You know what you will get and this certainty is what mitigates your overall risks.
With your portfolio built properly, starting with on a guaranteed foundation from annuities, you put yourself in a position of strength. If your basic income needs are covered with guaranteed income, you are well positioned to weather market downturns. With your core essential assets protected, remainder assets can be allocated to growth without the pressure of regular income withdrawals.
In a variety of posts and emails to come, we discuss a few of the ‘less than optimal’ alternatives competing for your attention, and detail why we think they are not safe. You’ll see systematic withdrawals, bucket planning, and target date planning, and we talk about the various reasons why we find these approaches lacking.
Finally, when you’re ready to get started on your own situation – and everyone is different – reach out to us. We look forward to helping you.
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