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Mitigating the Risk of Outliving Your Assets
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As retirement approaches, it is important to protect your nest egg and make your money work for you. Timing the markets is nearly impossible, so it is crucial to have a proactive retirement plan in place. Reducing risk and protecting life savings from downturns is essential. Abe discusses one way to mitigate the risk of outliving your assets is through guaranteed income, such as annuities. Annuities can serve as a bond alternative and provide principal protection.
It is important to build a retirement plan on a rock-solid foundation and consider diversifying risk within the portfolio. Taking chips off the table and protecting life savings from all potential risks, including market downturns, higher taxes, and healthcare events, is crucial.
Ready to get a second look at your retirement plan? Visit TheRetirementKey.com today!
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1. Retirement Key Podcast (ABE) (00:00:00)
221 episodes
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