Are you making this potential retirement mistake?
Nicky Derouen
President of Marketing and Business Development at Universal Producers Group
I want to share something with you that could help you protect your retirement portfolio, but first, let me ask you a couple of important questions about how you plan to spend life after work:
Will you enter your retirement knowing you’ll be able to pay your mortgage?
Will you be able to continue your lifestyle into your retirement year?
Will you be able to make it to those travel destinations you’ve been looking forward to your entire life?
If you answered “no” to these questions, I’m going to tell you something that could help change your retirement strategies to help ensure you have the retirement you want.
If you’re planning on drawing money from accounts tied to the market, you could have a pleasant retirement… or you could compromise your financial stability. If you’re engaging in a strategy I like to call reverse dollar cost averaging, you could be putting your retirement strategies at risk.
Reverse dollar cost averaging might sound like a highly technical term, but all it means is that you are taking the same amount of money from your investment accounts regardless of what the market is doing.
This could be corrosive to your financial stability.
The issue comes when you continue taking money from your investment vehicles if their value is going down. This can lead to asset erosion, potentially putting you at risk of outliving your money.
Unfortunately, this is a risk that people aren’t talking about enough. Many financial agents are still advising their clients to use this method of providing for their retirement! If you want to be sure that you ARE going to get steady month-to-month GUARANTEED* income for the REST OF YOUR LIFE,** without the risk of asset erosion, contact me for no obligation retirement income review.
Pension Plan Applications
6 年https://www.coleman-pension.com/services.html