Everyone has different goals for retirement, but the most common one is reliable income so you can live the life you want.
Ensuring you have a consistent source of income will allow you to maintain your lifestyle in the future if you change how much you work. In retirement, it’s important to go beyond accumulating assets and to understand how a stream of income provides you with freedom and stability. Building a portfolio of tools now that will generate the income you need later is an important part of retirement planning.
In addition to generating income, you may want to consider things that might disrupt your plan, such as health-related expenses. There are solutions you can put in place that can help you be prepared to cover these events and protect you and your loved one's lifestyle.
It's never too early to put a plan in place that will help provide income for the rest of your life, even if you have a few years until retirement. Remember, in retirement if you've got income, you've got it all.
Many people planning for retirement combine a few products to best address their financial needs.
It's always useful to learn a little more. Take a look at these helpful insights.
Not only can insurance protect you, you can also use its cash value to provide a supplemental income stream in retirement if your life insurance needs decrease in retirement.
Many life insurance policies offer a cash value which you can access in retirement . Income Annuities can help maintain your income so you can use your other savings on things like travel and spending time with your family.
Yes, they can both help protect your assets. Life Insurance can allow you to tap into your cash if you need it. Long term care insurance can help fund expenses related to an extended care event.