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Income solutions for the risk-adverse According to a survey of consumers 65 and older, 17% of boomers are unwilling to accept any type of loss due to index volatility. Another 19% are only willing to accept below-average risk. This is in spite of the fact that changing your financial perspective means giving up higher potential increases. Folks, this is a great attitude. You can’t really allow much risk with your personal funds. Don’t let that nest egg crack. Still, 58% of you are looking to make decisions that will generate a current stream of income. So, how can you generate an income without taking too much risk?

Well, one way is considering fixed income instruments. Even these instruments pose some risk, though, that you may not be comfortable with. Of course, you can also purchase a long-term retirement vehicle through an insurance company. This allows you to remove the risk directly from you and an income stream can be created for even the most risk-adverse consumer. Now, think about that. You can have a guaranteed lifetime retirement income that will supplement your social security or your defined pension program. You’ll be fixed for life because the insurance company will guarantee against any losses.

Now, this might not be the best option if you’re looking for the highest possible increases. Still, it’s a great option that could supplement your retirement income and provide you with the peace of mind that you can count on that annuity when times get tough. Plus, annuities are really flexible. You could create an income that lasts for a specified period, for the rest of your life, or for the lives of you and another person. This is an income source that can actually be left to your loved ones when you pass away.

Your Safe Money Kit

Download my SAFE MONEY KIT to help you determine your greatest financial needs. Then, contact my office at (866)471-7233 for a free consultation. Let’s keep your money safe in your retirement years!