Guest: Suze Orman | March 15, 2020

The Income Generation With David J. Scranton ***Disclaimer: Sound Income Strategies, LLC is a registered investment advisor. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Past performance is not an indication of future results. Be sure to first consult with a qualified financial advisor or tax professional about your specific financial situation before implementing any strategy discussed herein. .

Visit The Retirement Income store today for resources to help you take control of your retirement today! theretirementincomestore.com

Did you miss the latest The Income Generation Show episode? Don’t worry—we’ve got you covered! Get all the highlights you missed plus some of the best moments from the show.

Want to watch FULL episodes of The Income Generation Show? Make sure to go to The Income Generation Show (Full Episodes) at:

Check out the show at 10am EST Sunday or anytime on our Channel. David Scranton and his co-host Jeff Small interview guests about current situations, financial news and more, to see how they may impact your retirement. Tune in to The Income Generation Show and experience one of the most retirement friendly shows around!

The Income Generation Show (Subscribe Now!)

• The Income Generation Show:
• The Retirement Income Store:

The Income Generation With David J. Scranton ***Disclaimer: Sound Income Strategies, LLC is a registered investment advisor. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Past performance is not an indication of future results. Be sure to first consult with a qualified financial advisor or tax professional about your specific financial situation before implementing any strategy discussed herein….(read more)

LEARN MORE ABOUT: Retirement Annuities

REVEALED: How To Invest During Inflation

HOW TO INVEST IN GOLD: Gold IRA Investing

HOW TO INVEST IN SILVER: Silver IRA Investing

Suze Orman, a renowned personal finance expert, has always been a go-to source for individuals looking to make smart financial decisions. Recently, Orman has shifted her focus towards retirement planning and released a new book titled “The Ultimate Retirement: The Income Generation.” In this book, she shares valuable insights and strategies to empower individuals to secure a comfortable retirement.

Orman understands the importance of having a stable income during retirement. She highlights the challenges faced by the older generation in today’s volatile economic landscape. With low-interest rates, rising healthcare costs, and potential Social Security changes, ensuring a steady income stream becomes crucial for a worry-free retirement.

In “The Ultimate Retirement,” Orman introduces the concept of “The Income Generation.” This refers to individuals approaching retirement or already retired, who need to generate income to support their lifestyle without being overly reliant on traditional sources such as Social Security or pensions. Orman recognizes that the conventional advice of saving and investing may not be sufficient in today’s economic climate.

One of the key strategies Orman suggests is creating a retirement income portfolio. Rather than solely relying on investments, a diversified portfolio that incorporates various income-producing assets can provide a more stable and reliable income stream. This may include a combination of stocks, bonds, annuities, real estate, and rental income. Orman provides guidance on how to allocate funds among these different assets based on the individual’s risk tolerance and financial goals.

Orman also emphasizes the importance of having a contingency plan in retirement. While many people expect to live well into their golden years, unexpected events such as medical emergencies or long-term care needs can disrupt retirement plans. Orman advises individuals to consider long-term care insurance and evaluate the potential impact of healthcare expenses on their retirement income.

In addition to financial strategies, “The Ultimate Retirement” delves into the psychological aspects of retirement planning. Orman stresses the significance of mindset and encourages individuals to adopt a proactive approach towards their finances. She reminds readers that retirement should not be viewed as the end, but rather as a new chapter to pursue personal goals and passions.

Throughout the book, Orman shares real-life examples and case studies, making her advice relatable and practical. Moreover, her writing style is accessible and easy to understand, ensuring that readers of all financial backgrounds can benefit from her wisdom.

Suze Orman’s “The Ultimate Retirement: The Income Generation” offers a comprehensive guide for individuals seeking financial security during retirement. By addressing the challenges of the present economic climate and providing targeted strategies, Orman empowers readers to take control of their financial future. Whether you are nearing retirement or have already entered this phase, this book will serve as a valuable resource to help you navigate the complexities and uncertainties of retirement planning.