Episode 17: 3 Basic Strategies to Develop Retirement Income
Apr 29, 2021
Tom talks about 3 basic strategies that can be used to develop a retirement income plan. Some can insure none, all or part of your lifetime income while leaving your emergency and growth investment in the market. Neither of the three is inherently right or wrong. You must decide what is right for you!
Here are just a handful of the things that we'll discuss:
- There are 3 general “buckets” of investments – income, emergency, and growth
- You can leave all three at various risk levels in the stock market.
- You can help ensure your income for life while leaving your emergency and growth “buckets” in the market.
- You can split your income “buckets” between market risk and insured income while leaving your emergency and growth “buckets” all in the market.