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Episode 2731:
Explore vital strategies for securing a stable retirement income with Darrow Kirkpatrick as he delves into methods beyond the traditional work paradigm. Learn how to utilize annuities and other assets effectively to safeguard your financial independence in the later years, ensuring peace of mind amidst the uncertainties of retirement.
Read along with the original article(s) here: https://www.caniretireyet.com/running-low-in-retirement-income-strategies/
Quotes to ponder:
"Running out of money before you run out of life. It’s the biggest fear many retirees face."
"To be realistic, a retirement backup plan needs to be entirely under your control."
"When you purchase an annuity, you can usually increase your effective investment income yield by several percentage points, depending on your age."
Episode references:
ImmediateAnnuities.com: https://www.immediateannuities.com/
Vanguard’s Intermediate-Term Bond Index Fund (VBIIX): https://investor.vanguard.com/investment-products/mutual-funds/profile/vbiix
Improving Retirement Income Efficiency Using Reverse Mortgages" by Wade Pfau, Retirement Researcher: https://retirementresearcher.com/improving-retirement-income-efficiency-using-reverse-mortgages/
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