Risks to Retirement Income
Saving for retirement is just the beginning.
If you’re like many Americans, you’re concerned about saving enough for retirement. But that’s only half the story.
While it’s vital to have a solid savings strategy, you need an income strategy for your retirement, too. That’s because retirement consists of two phases: accumulation – saving money for retirement – and distribution, or receiving retirement income.
And in the same way you work to protect some of your savings from risk, it’s also important to protect your income from several risks you could face in retirement.
About Don Hoffrichter
Don has a unique knowledge of the life insurance market, both term and permanent life insurance. Representing dozens of A-Rated quality companies, he can link his client’s needs to the best competitive companies in the marketplace. His clients number in the thousands. Don is particularly experienced at helping seniors and baby boomers protect their retirement assets and provide income streams that they cannot outlive. He assists them with their long-term care and retirement planning. Through the proper use of guaranteed, safe money and annuity products, Don assists his clients by providing for good potential growth of their assets while protecting them against loss. When a supplemental retirement income is desired, he can assist his clients with many different products and plan designs.
About Phyllis Hoffrichter
Phyllis is a specialist in the Term Life Insurance marketplace, representing most of the major insurance companies. She has the ability to shop among them for the most competitive premiums, not only for people in good health, but also for those with special medical issues. In the retirement planning field, Phyllis is dedicated to helping her clients reap the rewards of a well-planned retirement by showing them how to prepare wisely and avoid loss of principal by providing conservative options. She represents all of the major annuity companies and provides full-service planning with an emphasis on asset creation, preservation, and distribution. Phyllis is a member of the Million Dollar Round Table.