@taxfreemike: You might have enough #money to retire, as long as it's in the right place. Most people rely on social security and their #401k as their primary means of income. The 401k is good at growing your money, but not so good at distributing income. That's because of the 4% rule. There is ongoing market volatility so you have to really pace yourself when making withdrawals. Unless you have an #annuity Income annuities are funded from a lump sum rollover from a 401k or #IRA Once in the annuity, you can get an income stream of about 7% to 10% annually, depending on how long you let the funds grow. Not only that, the #cashflow from the annuity is guaranteed and does not fluctuate in the stock market. It's an excellent #safemoney asset. Comment "retirement" below if you're interested in seeing how an income annuity can increase your retirement income and reduce your risk! #greenscreen #financialliteracy #compoundinterest #retirementplanning #lifeinsurance #generationalwealth #wealthymindset

TaxFreeMike

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Friday 22 November 2024 15:16:21 GMT