How To Create Guaranteed Income In Retirement
Update: 2022-04-11
Description
A steady income is one of the most valuable things you can have, both before and after you retire. If that income is guaranteed by some entity -- the federal government, the PBGC, or the claims-paying ability of an insurance company -- then so much the better.
Pensions and Social Security are two forms of guaranteed income that people receive usually after they've retired. While many (if not most) people will have a Social Security benefit paid to them, pensions are less common today than they used to be.
So in absence of a company pension, how might you create a form of guaranteed income? Find out from podcast host Johnny Dean and "Professor" Rick Plum, CFP® on this week's episode of Managing Your Financial Future!
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