Unlocking Retirement Security: How Annuities Can Help Protect Assets and Guarantee¹ Lifetime Income, Part 2 (Ep. 27)

In the second part of this two-part series, Jim McGovern discusses how annuities can help provide a secure “retirement salary” that cannot be outlived¹ and how to help position other assets to serve as a “bonus” component for retirement spending. Jim discusses some of the challenges retirees face when relying solely on market-based investments, limitations of the popular “4% Withdrawal Rate” concept, and different ways annuities can be structured to meet income, investment, risk, and protection objectives in retirement. Jim discusses: Why it is important to have a reliable source of guaranteed¹ lifelong income in retirement The potential consequences of relying solely on market-based investments The different types of annuities that provide guaranteed¹ lifetime income and some of their key features Addressing the worry of retirement savings earning a poor return (and how to mitigate this risk!) Other uses for annuities besides investing and retirement income The fees and penalty withdrawals considerations for annuities How to know which income strategy you should use in retirement according to your unique goals and objectives. And more   1All guarantees including the death benefit payments are dependent upon the claims paying ability of the issuing company. Resources: Unlocking Retirement Security: How Annuities Can Help Protect Assets and Guarantee¹ Lifetime Income, Part 1 (Ep. 26) Connect with McGovern Wealth Group: jmcgovern@mcgovernwealth.com info@mcgovernwealth.com  Schedule A Meeting  McGovern Wealth Group LinkedIn: Jim McGovern Facebook: Jim McGovern   Please note that the information on this podcast are for reference only. Although accurate when originally released, they may now contain out-of-date information. They remain solely for historical purposes and are not considered current guidance. Always consult a professional regarding your individual situation.