Fisher Investments Guide To Retirement Income
Retirement is a life stage that many of us look forward to – but it can also be daunting. You’ve worked hard to save and invest for retirement, but how do you turn those savings into an income stream that lasts for the rest of your life? The Fisher Investments Guide to Retirement Income can help you understand the different options available, the pros and cons of each, and the steps you need to take to secure your retirement income.
Retirement Income Strategies
When it comes to retirement income strategies, there are three main approaches: drawing down savings, annuitizing, and creating a portfolio income stream. Each approach has its own advantages and disadvantages, depending on your individual needs and circumstances.
Drawing Down Savings
Drawing down your savings is the simplest and most straightforward approach when it comes to retirement income. You simply withdraw a certain amount of money each month or year from your retirement savings. This approach gives you the most control over your money, as you can withdraw as much or as little as you need. It also allows you to leave a legacy to your heirs, as any remaining savings can be passed on to them. However, drawing down your savings also has its drawbacks. It can be difficult to know how much you can safely withdraw each year without running out of money, and there is no guarantee that your investments will perform well enough to keep up with inflation.
Annuitizing
Annuitizing is another strategy for creating retirement income. This involves taking a lump sum of money, such as the proceeds from the sale of a house or a retirement plan, and using it to purchase an annuity. An annuity is a contract with an insurance company that pays a guaranteed income for a set period of time, usually for the rest of your life. The advantage of annuitizing is that you are guaranteed a steady income stream for the rest of your life. The downside is that you give up control of the money, as you cannot access it once you have invested it in an annuity.
Creating a Portfolio Income Stream
The third option for creating retirement income is creating a portfolio income stream. This involves creating a diversified portfolio of stocks, bonds, and other investments, and then drawing an income from the portfolio. This approach gives you more control over your investments, as you can adjust your portfolio as needed. The downside of this approach is that it can be more complicated to manage, and there is no guarantee that your investments will perform well enough to provide the income you need. It is also important to note that you will still have to pay taxes on any income you receive from your investments.
The Fisher Investments Guide To Retirement Income
The Fisher Investments Guide to Retirement Income can help you understand the different strategies for creating retirement income, and the pros and cons of each. This guide can also help you develop a plan for creating a steady and reliable income stream that will last throughout your retirement. At Fisher Investments, we understand that retirement is an important life stage and that you want to make sure you have the necessary income to live comfortably in retirement. Our team of experienced advisors can help you develop a plan that takes into account your individual needs and circumstances, and our proprietary investment strategies can help you maximize your returns while minimizing your risks. Whether you’re just starting to plan for retirement or already in retirement, the Fisher Investments Guide to Retirement Income can help you create the income stream you need to enjoy your retirement years. With the right plan in place, you can feel confident that your retirement income will last for as long as you need it. Tag:
Fisher Investments Guide To Retirement Income At Fisher Investments, we understand the importance of creating a reliable income stream for retirement, and our Fisher Investments Guide to Retirement Income can help you make informed decisions on how to create the retirement income you need. Whether you’re looking to draw down your savings, annuitize, or create a portfolio income stream, the Fisher Investments Guide to Retirement Income can help you understand the options available and create a plan that works for you. With the right plan in place, you can feel confident that your retirement income will last for as long as you need it.
