One of the biggest impacts of recent market events on retirees in America has been a shift from wealth accumulation to wealth preservation. Enjoying a steady income stream without worrying about the next stock market crash has its advantages. Annuities offer retirees the chance to obtain tax-deferred growth and guaranteed income in retirement, similar to a pension. While everyone’s financial situation is unique, annuities are a great fit for people who no longer have the "risk tolerance" to afford the ups and downs of the market and are ideal for retirees or pre-retirees looking to move money out of risk money places, such as stocks.
In this episode of Money Script Monday, Michael shows you how you can incorporate an annuity into your financial plan as a wealth preservation vehicle to create guaranteed retirement income that will last your lifetime.
Resources Provided for This Episode
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