If you are approaching retirement or you are already there, it is critical to think about protecting your savings to make sure you have enough income throughout your retirement years. Financial professionals Joe Anderson and Alan Clopine guide you through ways to protect your savings and help you enjoy your retirement without worrying about money. Special guest Brian Perry, the Director of Research from Pure Financial Advisors discusses why 100% safe assets don’t work for most people.
Important Points:
(01:09) – Probable Life Expectancy of a 65-Year Old
(02:21) – Protecting Your Retirement Income
- Don’t withdraw too much from savings
- Have a plan for health care costs
- Position your investments for conservative growth
- Don’t forget inflation & taxes
(03:20) – Reality Check on Your Retirement Income Plan
(05:15) – 4% Rule
(08:09) – Improving Your Income Plan After Retirement
(09:19) – Healthcare Costs
(09:55) – Four Ways to Pay for Long-Term Care
(10:50) – Growing Your Retirement Portfolio
(17:07) – Inflation
(18:56) – Tax Triangle
(20:34) – Ask the Experts
(23:10) – Pure Takeaway: Protecting Your Retirement Income
- Do not overspend your retirement assets
- Create a plan for health care costs
- Invest for conservative growth
- Don’t forget about inflation and taxes
