In retirement, it is extremely important that you have options for guaranteed income. Retirement isn’t like it used to be, and with fewer sources of guaranteed income from employers, it’s important that retirees fill these voids and have money to spend on a monthly basis.  Outside of company pensions, cash flow can be found from annuities with guaranteed lifetime cash flow, paid-off rental properties, dividend paying stocks, installment contracts and Social Security benefits.
Do you have a plan to generate an income stream for as long as you live? One of the biggest challenges retirees face is when the time comes to switch from generating and saving your wealth, to supporting yourself with it. You must have a specific strategy in place when transitioning from the accumulation to the distribution phase of your retirement plan.
To learn more about guaranteed income for your retirement, Click HERE, and be sure to request your no cost, no obligation financial review.
It’s also important to understand how stocks, mutual funds or ETF’s offering dividends fit into your portfolio. Many corporations pay out a percentage of their profits as a dividend, or a sum of money regularly paid out to investors.  In certain cases, the dividend payouts can exceed 5% per year.  Beware of having too much invested in too few companies or too few sectors.  Before the crash of 2008, the best dividend payers were banks and real estate stocks, but it was these two sectors that took the biggest losses in value.