Whether you’re trying to achieve that shared vision you and your spouse have for retirement or just looking to optimize your retirement income or savings strategy, chances are you can be one step closer by adjusting a few different variables. Even some small changes to your retirement plan can bring dramatic results. These may include changing the ages at which you and your spouse are planning on retiring, optimizing your social security income payout, protecting your assets from market risk or looking at different products to get income for life. Working longer combined with a few other strategies — such as maximizing your Social Security income payments — may enable you to dramatically improve your quality of life during retirement..
You may already know that by delaying social security you can increase your monthly payouts. What most people don’t know is by how much and how to work between you and your spouse’s social security to get the best mix for income. Social security can be confusing and complicated, so sitting with a financial planner or licensed insurance professional that understands social security may be the best way to figure this out.
Protecting retirement savings from downside market risk may be the single most important thing you can do to ensure that your retirement doesn’t fall through the cracks. A loss early in retirement may be crippling, and without the ability to continue working to build back that investment it can be difficult.
These vehicles come with principal protection, good growth opportunities and will provide lifetime income for you whenever it is needed. Whatever your vision of retirement may be, we can help you get closer to your goals by making small changes for big impacts! It’s never too late to start planning, so pick up the phone and call us today.
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