The basic OBJECTIVE of a Retirement strategy is: To provide adequate income during retirement years. NOTE: This strategy was called a "pension" and prior to the 80's tax reform Americans had pensions at work. Today we are meant to "self fund" our RETIREMENT STRATEGY. If you are not "self funding" this strategy, you WILL NOT RETIRE!
The basic CRITERIA of a Retirement strategy is: To have growth potential during the accumulation phase with NO RISK to the principal deposits.
NOTE: The appropriate depository instruments for this strategy should also be tax-deferred and have the potential to create a "lifetime income you cannot out live."
We recommend you assess your current dollars in your portfolio that are intended for "RETIREMENT" and that you utilize our "Retirement Income" calculator to determine what your current situation looks like. This calculator, addresses the "elements" and puts the calculation of the "roof" into the equation. It addresses both "taxes" and "inflation" so you can see what you will actually have to live on.
Use our FREE Financial Calculators!
Click here for the Retirement Income calculator which can be used to determine how much monthly income your retirement savings may provide you in retirement.
Running out of your retirement savings too soon is one of the biggest risks to a comfortable retirement. Use this calculator to find a potential shortfall in your current retirement savings plan. Click here
An example of a retirement strategy may use: CD's, fixed or equity indexed annuities. On occasion a variable annuity may be used but only if it is built with the proper riders to offset the market risk tolerance built into a variable annuity. NOTE: CD's are not tax deferred by design, however, if the dollars deposited are qualified dollars like a Traditional or ROTH IRA, they are tax deferred dollars by tax status & design. Also note: annuities typically can turn on a lifetime income stream like a pension does, therefore, are wonderful tools to use to build a pure retirement strategy.
Buyer beware, however, there are many different types of annuities on the market and many moving parts to an annuity. A specialist in this area is recommended as to ensure that you have all of the information necessary before making a purchase. Even non-qualified dollars are subject to a 59-1/2 IRS rule, therefore, dollars to this quadrant should be considered LONG TERM investment strategy dollars.