One of the biggest challenges in retirement is to have an income stream that can NOT be outlived. Most traditional retirement plans (such a s 401(k)s, 403(b)s, 457s, IRAs, Roth IRAs, etc.) are not designed to provide retirement income for 20, 30 or more years. Safe pensions have gone away (unless you work in the public sector) even with big corporations. Social security replaces only about 40% of the income during your working years.
The solution – A do it yourself plan where you are not dependent on the government or a previous employer.
Today’s innovative retirement strategies can provide exactly that:
A stream of income that can’t be outlived, passed on to a spouse, and you stay in complete control. Most advisors specialize in the accumulation phase, but equally important is the distribution phase.