Common Curiosities: Retirement
4 Retirement Income Strategies | Pros, Cons & Finding Your Fit
When you approach retirement and prepare to cross the work finish line, you are flooded with conflicting opinions on how to actually spend the money you worked your entire career to save. But the reality is that every withdrawal strategy comes with pros and cons. Two neighbors with the exact same net worth might want completely different income structures based on their goals and how they handle market volatility. In this episode, Michael CFP®, EA, CSS™ aims to help you learn about four common retirement income approaches. Navigating the distribution phase of wealth is rarely a black-and-white math problem; it's about understanding the gray areas so you can try to build yourself an efficient stream of income that fits your retirement goals. What We Analyze In This Episode: Annuities: The mechanics of giving money to an insurance company to generate retirement income. Dividends: Pros and cons of living off dividends The 4% Rule: The origin of this framework, its modern updates, and why sticking to it may actually cause you to underspend! The Guardrails Approach: A more dynamic spending framework Behavioral Volatility: How your personal emotional relationship with market ups and downs may dictate your withdrawal strategy. ' ? We’re here to make retirement planning feel less intimidating by helping people think through their strategies and plans through clear relatable financial topics! Questions or Want to Connect? : www.custerfinancialadvisors.com : custerfinancialadvisors@lpl.com Disclosures: Harborfront Financial Group is a Registered Investment Advisor registered with the Securities and Exchange Commission (SEC). Registration as an investment adviser does not imply a certain level of skill or training, and the content of this communication has not been approved or verified by the United States Securities and Exchange Commission or by any state securities authority. The information contained in this material is intended to provide general information about Harborfront Financial Group and its services. It is not intended to offer investment advice. Investment advice will only be given after a client engages our services by executing the appropriate investment services agreement. Information regarding investment products and services are provided solely to read about our investment philosophy and our strategies. You should not rely on any information provided on our web site in making investment decisions. Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Harborfront Financial Group, a Registered Investment Advisor. Harborfront Financial Group and Custer Financial Advisors are separate entities from LPL Financial. This is a hypothetical example and is not representative of any specific situation. Your results will vary. The hypothetical rates of return used do not reflect the deduction of fees and charges inherent to investing. All investing involves risk including loss of principal. No strategy assures success or protects against loss.
