Safe Money and Income Strategies - Making the Most of Your Retirement Savings
Robert Loss
I help professionals and small business owners keep more of their hard earned money while protecting and growing their nest egg.
Are you looking for safe money and income strategies that you heard of on the radio or someplace else? After a long career, most people would like a financially secure retirement that they can spend in peace and comfort.
This probably applies to you as much as anyone else. As you prepare for your post-career years, you may have heard or read about those "safe money and income strategies.” If you have, you may be wondering exactly what they are and whether they are right for you in your current financial situation.
What Are Safe Money and Income Strategies?
This sort of strategy follows a retirement school of thought that emphasizes income, safety, and protection. At its core, a safe money and income strategy can:
- Pay regular predictable income to you for as long as you live.
- Protect your hard-earned retirement assets.
- Grow your money with a guaranteed interest rate.
- Possibly earn more interest above a certain minimum rate.
Many fixed-income assets can serve as its lynchpin, from fixed-type annuities to bonds or Treasury securities. However, only annuities can truly pay you a guaranteed lifetime income.
What’s more, historically low interest rates have made it that much harder to live off of the interest from corporate and municipal bonds, CDs, Treasury securities, and savings bonds.
This isn’t to say that these instruments can give you some yield for dependable retirement income. It’s just harder in this lower interest rate environment.