There are many ways to structure an income solution. It may include guaranteed income products such as annuities, income-producing assets such as CDs, bonds or stocks, and cash from liquidated assets which may have appreciated in value.
The most important thing to remember is that the income plan must be specific, and not merely hypothetical. And, it must account for the various contingencies in life, including folks living longer than the average life expectancy, and possibly not in good health.
As you look through our resources for guidance on your financial journey, feel free to reach out for a complimentary personal consultation. With over 30 years of experience navigating the complexities of Financial Planning, we welcome the opportunity to review your retirement plan and help you plan for your golden years.