@taxfreemike: Nobody talks about how much damage losing #money in the stock market does to your #retirement plan. For example, if you lose 50%, you have to make 100% just to break even! That could take 5 years or more! This is why it's so important to have a substantial amount of money outside of stocks and bonds. Retirees have a much greater success when they have a volatility buffer. That way when markets are down, they can still draw consistent retirement income and maintain their standards of living. One of the best financial tools for this volatility buffer is a max funded #lifeinsurance contract. My personal favorite is the indexed universal life insurance plan (IUL). The IUL isn't exposed to market risk or volatility. So when markets go down, you can confidently draw retirement income from the IUL while your market based assets recover. You can realistically expect yields averaging around 5% to 7% net of the insurance costs over the long term. Plus when you draw retirement income from the IUL, you can access it tax free! If you want to diversify your retirement plan and implement a volatility buffer, comment "money" below! Don't forget to follow too!
