I recently spent a couple of days with a client doing what we call our Object Review. During the time that we spent together an issue came up that I see with lots of private business owners – having too much cash in the business.
The good news is we're living longer. But the prospect of a longer life expectancy means we risk outliving our retirement savings. If the thought of receiving a steady stream of income that lasts for the rest of your life appeals to you, a single premium immediate annuity (SPIA) might be worth considering.
Why are retirement plans often created assuming a 4% withdrawal rate?
I keep hearing from Clients that they want investments that have a reasonable return and are guaranteed in that they will never lose money. In essence they want to know if there is such a thing as guaranteed investments.