PODCAST: Smart Retirement Income Strategies

Social Security is often the largest and most reliable source of income for retirees, but the big question is: Are you maximizing your benefits? Plus, I explore one of my favorite tools for retirement income, fixed annuities. Topics include:

• The most important Social Security decision you will make is WHEN you claim benefits
• Pros and cons of claiming Social Security early
• Spousal benefits and survivor benefits
• An annuity is a lifetime guaranteed income stream – you cannot outlive it
• Immediate vs. deferred annuities
• My favorite retirement income tool: Fixed indexed annuities (FIAs)
• Fixed indexed annuities (FIAs): potential benefits of the stock market with downside protection

In this segment, we cover three income-producing investments, including dividend stocks, bonds, and real estate. Below is a roadmap for this segment.

• Income-Producing Investment #1: Dividend-paying stocks
• REITs, Dividend Aristocrats, and High-Quality ETFs
• Income-Producing Investment #2: Bonds
• What is a bond laddering strategy?
• Income-Producing Investment #3: Rental Real Estate
• Traditional Real Estate vs. REITs
• How to leverage your home’s equity for a retirement income boost

In this segment, Jerry Robinson explores our final, yet powerful and flexible retirement income tool: indexed universal life insurance. He discusses:

• Indexed universal life (IUL): so much more than a death benefit
• Tax-deferred growth
• Cash value: a tax-free supplemental income stream
• Death benefit: a legacy for your heirs
• The importance of structuring IULs properly

Jerry closes out today’s show with a helpful recap and leaves you with a thought from John D. Rockefeller.