Retirement Income Strategy: If you're nearing retirement or already retired, ensuring a consistent income without depleting your principal is crucial. In this video, we'll explore how a couple with a $1 million portfolio can generate $50,000 annually while preserving their principal. We discuss traditional allocation methods, including conservative and aggressive portfolios, and reveal an alternative strategy that provides guaranteed income for life. Stay tuned as we run the numbers on multiple scenarios and help you choose the best approach for your retirement. Don't forget to drop your questions in the comments!
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Dive straight in:
00:00 Retirement income strategies for a $1M portfolio at age 60
01:58 Retiree asset allocation: 60% fixed income, 40% equities
03:52 Top strategies for generating retirement income
05:42 Long-term fixed income approach for retirement
07:32 Allocating $700K to guaranteed income for $50K annually
09:25 Guaranteed income: Business or pension
11:27 Secure income, invest remaining funds
13:25 Retirement income allocation strategies for stability and growth
#incomeplanning #retirementplanning #retirementincome #retirewith1million #retirementat60
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DISCLOSURE:
The general rates of return used in this video match indexes offered by Morningstar and do not represent the actual or expected rate of return for any portfolio offered or managed by Howard Bailey Securities, LLC, a registered investment adviser. All investing involves some risk of loss and working with Howard Bailey Securities, LLC, cannot guarantee investment success or that specific financial goals will be achieved. Annuity income guarantees are based on the claims paying ability of the issuing insurance carrier. Annuity products have risks and limitations, including those related to liquidity. Please consult with a registered insurance agent before investing in an annuity.