In this webinar, I share with you why you need to be 100% in control of your retirement to position yourself to retire happy. Learn if you will have enough money in retirement to live the lifestyle you dream of. Or will you run out of money in retirement? You need to know what your retirement income will look like today so you can plan accordingly, minimize gaps in your retirement, and retire happy.
Are you looking to Retire Happy and want to make sure you are doing what you need to save for retirement and know that you are on the right track? Welcome to Retire Happy Planning Guide.
We educate you on a variety of retirement income topics to help you take control of your retirement and position yourself to Retire Financially Happy.
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We conduct private webinars, learn & learns, and retirement education events for you and your company. If you would like to schedule for us to present at your company schedule an appointment or send a private direct message.
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WHAT IS AN ANNUITY?
In this video…
This video will cover:
✅ Benefits of a Fixed Indexed Annuity
✅ Why people purchase an annuity for their retirement.
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⬇️ More stuff you should check out ⬇️
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DISCLAIMER:
Always seek professional assistance when making financial decisions about your retirement, taxes, and estate. Mike Brenhaug does not offer legal or tax advice. The purpose of our content is to create awareness of the importance of retirement planning and for educational purposes and does not constitute investment, tax, legal or financial advice. Always consult with your financial professional, tax advisor, and estate/trust attorney that are familiar with your specific situation and can advise you as such. Historical data, projections, and statistics used in the videos are for illustration purposes and therefore never considered final since the economy and market are constantly changing….(read more)
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As you approach retirement, you may wonder if your 401k, IRA, or pension will be enough to support you throughout your retirement years. This is an important question to consider, as it can have a significant impact on your financial well-being in retirement.
One way to answer this question is to calculate your retirement income needs. This involves estimating your annual expenses in retirement and comparing them to your expected retirement income from your 401k, IRA, or pension. You may also need to factor in other sources of income, such as Social Security benefits.
If you find that your retirement income falls short of your retirement expenses, you may need to take action to increase your retirement savings. This could involve contributing more to your retirement accounts, delaying retirement to continue earning income, or exploring other income-generating opportunities.
Another option is to take 100% control of your retirement by starting your own retirement income strategy. This involves creating a customized plan that takes into account your unique financial situation, retirement goals, and risk tolerance. With a well-designed retirement income strategy, you can enjoy greater control over your retirement finances and feel more confident in your ability to support yourself in retirement.
Some key steps to creating a retirement income strategy include:
1. Determine your retirement income needs: This involves estimating your annual expenses in retirement and factoring in inflation, taxes, and other costs.
2. Assess your retirement assets: This includes evaluating your savings in 401k, IRA, and other retirement accounts, as well as any pensions, Social Security benefits, or other sources of retirement income.
3. Identify risks and challenges: This involves considering potential risks to your retirement income, such as market volatility, inflation, rising healthcare costs, and longevity risk.
4. Choose an appropriate retirement income strategy: This could involve investing in a mix of stocks, bonds, and other assets that provide a steady stream of income, purchasing an annuity or other investment product that guarantees income, or relying on a combination of several strategies.
5. Monitor and adjust your plan as needed: Even the best-designed retirement income strategy may need to be adjusted over time as your needs and circumstances change.
In conclusion, it’s important to assess your retirement income needs and take action to increase your retirement savings if necessary. However, taking 100% control of your retirement by creating a customized retirement income strategy can provide greater security and peace of mind as you approach your retirement years.
This is great information.