The continued uncertainty of the economy and stock market has millions of Americans worried that their retirement could be rocky and unstable. When the stock market is roaring, it’s easy enough to believe that potential gains will continue to fund a stable retirement.
But when the stock market becomes wobbly and unpredictable, current and future retirees start to ask themselves:
As workers, most of us are accustomed to receiving a regular paycheck on a steady basis. It's especially welcome in turbulent times.
If you're in the critical period of five years before or ten years after retirement, you're probably worried about replacing your paycheck during times like these.
The market and economy teeter back and forth, and you're concerned about being caught on the downside right when you need the money. If you're not sure how you're going to create a paycheck-like cash flow for your retirement, you're in the right place.
You might be asking yourself:
If any of the questions resonate with you, keep reading!
Social Security is the biggest source of government-guaranteed, inflation adjusted, lifetime income you'll have in retirement, but much of the available information is contradictory, confusing, and downright incorrect.
Fortunately, there are still decisions you can make to boost your Social Security payout as much as you possibly can.
Do you know how to get the most out of your Social Security benefits? Key questions you should ask:
Though many Americans no longer have access to pension plans, some do. Pensions can be a critical component to help provide steady retirement income if you have access to one.
Understanding how to potentially maximize your benefits is key to optimizing this key source of income.
Do you have clarity on how your pension benefits will affect your retirement? Key questions you should ask:
Transitioning your portfolio from the "building phase" to the "retirement phase" is critical to creating your stable income stream.
Fortunately, there are many strategies that don't fluctuate just because the stock market does. Including these assets for a portion of your portfolio can help steady it, even when markets or the economy are teetering on the edge.1,2
Do you understand where and how you should use advanced income strategies in your investment portfolio? Key questions you should ask:
Not confident about whether you'll be able to turn assets into income in your later years?
You're not alone. Contact us to set up a FREE Steady Income Session to get the answers to your pressing questions about retirement income and your next steps to help create a steady cash flow.
Right now you may feel that you don’t have all the answers for creating a workable retirement strategy, and that’s OK. The crucial issue is to identify your challenges and find a way to work around them.
By deciding to learn more about the reliable cash flow options that are already available to you, you’ve taken the first important step. You’re already ahead of the game compared to most people, just by reading through this guide.
We can help you discover your next steps to take you from concern about cash flow to clarity. Your action plan starts with a free, no-obligation Steady Income Session. Book yours now!
Biltmore Financial Services