Jul 31, 2024
In this episode, The Annuity Man discussed:
-
Creating a solid income floor for retirement
-
Considering your income
-
Many ways to create income
Key Takeaways:
-
Going into chapter two of your life, you have to do your own thing. Stop keeping score. You’ve already won the game, you already have enough money, so why are you still playing?
-
It’s important to have non-correlated income sources for your retirement such as pensions, rental properties, and annuities in order for you to create a solid income floor that’s not affected by market fluctuations.
-
Factor in how much income you need in your retirement, what you want to do with your money, how you want the money to work, what kind of risks you want to shoulder, and what risks you want to transfer.
-
Interest rates are at a point at the time of this taping where people can protect the principal and take interest off of the top. This way, you’ll create your income floor without putting your capital at risk.
"If there's a gap in your floor, what are you going to do? You're not just going to leave the gap, right? If you have a gap in your income floor, you're going to fill it. You're going to fill it with as little amount of putty or fake wood as you can. With annuities, you do the same thing." — Stan The Annuity Man.
Connect with The Annuity Man:
Website: http://theannuityman.com/
Email: Stan@TheAnnuityMan.com
Book: Owner’s Manuals: https://www.stantheannuityman.com/how-do-annuities-work
YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g
Get a Quote Today: https://www.stantheannuityman.com/annuity-calculator!