The Retirement Secret: A Simple Approach to Financial Peace-of-Mind by Pat Strubbe

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.

“At first, it sounded too good to be true. Now it sounds like I’m going to tie up my money forever, and I’m not even going to make anything!”

“Jack, she specifically said she was going to cover the pros and the cons, and you didn’t wait for the cons! Will you please just let her teach us?” Jill interjected.

Jack was frustrated, too. His was the worst kind of frustration: knowing that his wife was right and he was wrong!

“Thank you, Jill,” Susan interjected. “Jack, you got excited and forgot there are no perfect investments! Everything has pros and cons. The bottom line is that the fixed indexed annuity isn’t 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.

“I 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.”

Jack heard systematic, and his ears perked up.

“Wait a second. When you say ‘systematic,’ I begin thinking about the retirement villain Systematic Sammy, and I start to get nervous.”

Susan was glad that Jack was still following along.

“Systematic Sammy is a huge risk to retirees, but he refers to taking income off an investment that can lose principal. Since we’re dealing with a Foundation account, that risk doesn’t apply here. Does that difference make sense?” When they nodded, she said, “Very good. Let’s continue.”



Download



Copyright Disclaimer:
This site does not store any files on its server. We only index and link to content provided by other sites. Please contact the content providers to delete copyright contents if any and email us, we'll remove relevant links or contents immediately.