This week’s article includes 4 ways for us to prepare and save enough to retire in 10 years. But we have the 5th idea, not mentioned in this article!
As you accumulate savings meant to carry you through retirement (alongside your social security), we suggest putting some or all of those savings into a place where your principal is protected…A place where your principal is guaranteed to not go down if the market does and where you know that you will still receive a guaranteed income for your lifetime.
If you let us know how much income you are hoping for in retirement, our team can help determine how much you need to put into this product, free from market downturns.
Call us at (248) 918-5100. We’re always here to help, even if that means just helping you by doing the math so you can better understand how close you are to reaching your retirement savings goal.