This is a good question considering interest income from CDs and bonds are rising, but still historically low. That said, how do you invest your retirement savings from IRAs, 401k plans, 403b, TSP, etc., and generate enough income to last a lifetime? There are ways you may invest that offer you a guaranteed income for you, and your spouse, if needed. It’s important to consider a retirement plan portfolio that includes guaranteed income, growth of income, and potentially growth of principal, with flexibility to accommodate life’s unforeseen events.
When developing your income strategy, there are things to consider: length of retirement, effects of inflation, potential market volatility, rate of withdrawal, and when to start Social Security income. A qualified financial advisor can help you consider all of these things and construct an income strategy tailored to your needs, helping you to face retirement with excitement instead of fear.
disclaimer: Securities offered through Raymond James Financial Services, Inc., member FINRA / SIPC. Investment advisory services offered through Raymond James Financial Services Advisors, Inc. Todd Dudley & Associates is not aregistered broker/dealer and is independent of Raymond James Financial Services, Inc. Past performance is not indicative of future results. Investing always involves risk and you may incur a profit or loss. No investment strategy can guarantee success.