We often speak with individuals who provide us with calculations for our retirement income, which calculations are based on various assumptions, from asset allocation to market projections to future returns that may turn out to be wrong. Assumptions are only ever indicative or directional, and while a valuable exercise, a retirement strategy based on these types of assumptions looks a lot better on a spreadsheet than in real life. The problem is, if the assumptions are wrong, oftentimes there is no time to even try to undo the damage. So what do you do if you want a retirement income strategy with a success rate? One way to meet that goal is to purchase annuities – insurance contracts that convert a pile of money into the equivalent of an old-fashioned pension. Call us if you are looking to increase your chances of success in retirement. We’re always here to help.
