Income
How much of your income should you guarantee? What about inflation?
The more efficiently you answer these questions, the fewer resources you'll need to dedicate to creating income. In turn, that will enable you to keep more of your money available to meet other goals.
There are only three sources of income guaranteed to continue for life: Social Security, an employer pension plan (if you're fortunate enough to have one) and annuities.*
When should you start collecting Social Security?
How can you turn other savings into more guaranteed income?
Then we'll explore decisions about how to efficiently structure regular income from your other resources - even though that income will not be guaranteed.
What other options do you have for generating regular income?
What strategies should you consider when withdrawing money?
* Annuity guarantees are based on the claims-paying ability of the issuing company.