income strategy for retirement
Three Core Principles
Our Three Guiding Principles
To prepare for a successful future after you’ve retired, you need a sound income strategy for retirement. Four Star Financial Group works with you to protect the money you’ve worked hard to save. We believe that there are three core values that you should follow. If you agree with these values, the options we can offer you may benefit you greatly. Our core principles are:
SAFETY FIRST
Reasonable rates of return** on your money
A simplified approach
Safety of Your Principal
You may want to take a more conservative approach to your income strategy for retirement. This is because your goals may have shifted when it comes to risk. You might be looking, at this point, for a financial vehicle that offers both safety and reasonable rates of return.** Rest assured, these do exist.
While savings accounts, CDs, and bonds are safe but offer lower interest rates, investments such as buying stocks offer high returns, yet come with risks that you may not be able to afford.
However, there are tools to get yourself the “best of both worlds.” We can work with you to make your income strategy for retirement safer.
Reasonable Rate of Return**
In many instances, interest rates that are too low are insufficient for retirees. Sure, your money might be safe, but do you have enough of it to cover all your expenses? Could you run out of money partway into retirement and not be able to make ends meet? If you’re worried about this, we have some information that may be of interest to you. Products such as annuities (specifically fixed indexed annuities, or FIAs) can earn indexed interest at a reasonable rate** without the risk of losing your money if the market drops. Interested? Reach out to us.
A Simplified Approach
It’s important that your retirement strategy is simple. When you have to spend time worrying about your money and watching the markets, are you really, truly retired? A solid income strategy for retirement should be easy to understand, so you can retire with confidence and not have to worry.
There's no need to sacrifice any one of these three principles. You can have all three.
We can help you explore options to do this. Schedule a no-obligation meeting with us to discuss your options, or attend a seminar event to learn more about these three core values and why they’re so important.