The Retirement Secret: A Simple Approach to Financial Peace-of-Mind by Pat Strubbe
Author:Pat Strubbe
Language: eng
Format: epub
Publisher: Houndstooth Press
Published: 2021-02-25T00:44:31+00:00
Jack shook his head.
âAt first, it sounded too good to be true. Now it sounds like Iâm going to tie up my money forever, and Iâm not even going to make anything!â
âJack, she specifically said she was going to cover the pros and the cons, and you didnât wait for the cons! Will you please just let her teach us?â Jill interjected.
Jack was frustrated, too. His was the worst kind of frustration: knowing that his wife was right and he was wrong!
âThank you, Jill,â Susan interjected. âJack, you got excited and forgot there are no perfect investments! Everything has pros and cons. The bottom line is that the fixed indexed annuity isnât for everyone; it can be a good tool for someone who can allocate a portion of their nest egg long term, wants the peace of mind that their principal should be safe, and has the opportunity to earn more than CDs, savings bonds, and fixed annuities.
âI know that Super Retirement Planner will use them with clients who want part of their nest egg in the Foundation, and often they will plan to withdraw money out of the account systematically based on what they project it will return over the years.â
Jack heard systematic, and his ears perked up.
âWait a second. When you say âsystematic,â I begin thinking about the retirement villain Systematic Sammy, and I start to get nervous.â
Susan was glad that Jack was still following along.
âSystematic Sammy is a huge risk to retirees, but he refers to taking income off an investment that can lose principal. Since weâre dealing with a Foundation account, that risk doesnât apply here. Does that difference make sense?â When they nodded, she said, âVery good. Letâs continue.â
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