Ready to crack the code on turning your retirement nest egg into a reliable income stream? In this straight-shooting podcast episode, "How to Turn Your Retirement Assets Into Retirement Income," we'll dive deep into the strategies that'll help you navigate the often-murky waters of retirement planning.

Picture this: you've spent years squirreling away money into your retirement accounts, watching those balances grow, and feeling pretty darn proud of yourself. But then it hits you—how the heck do you actually use this money to live on in retirement? It's a question that keeps many folks up at night, and the financial industry hasn't exactly been falling over itself to provide clear answers.

Well, buckle up, because we're about to change that. We'll tackle the accumulation mindset head-on and show you why obsessing over returns and account balances alone won't cut it in retirement. Instead, we'll introduce you to a powerful mix of income-generating assets that'll help you weather any market storm.

From dividend-paying investments to annuities, life insurance, and even some outside-the-box rental income strategies, we'll break down each asset class in plain English. You'll discover how they work, why they're important, and how to make the most of them in your own retirement blueprint.

But we won't stop there. We'll also shine a light on some of the conventional wisdom that might be leading you astray, like relying solely on selling off assets or parking your money in CDs. By the time we're through, you'll have a crystal-clear understanding of what it takes to create a retirement income plan that actually works for you.

So, if you're ready to take control of your financial future and kiss those retirement income worries goodbye, this episode is for you. Tune in now and let's get started on turning those hard-earned assets into a paycheck that'll last a lifetime.

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If you're looking for help with solving this retirement income riddle for yourself, please click here to get in touch with us, we'd love the chance to help.

With interest rates elevated, a lot of retirees can once again buy low-risk assets that produce reasonable interest income for living expenses. As such, money is moving to CDs and Treasuries to take advantage of this.

However, with this move, a number of retirees are leaving money behind as they are overlooking an older style of annuity that functions similarly to a CD, the Multi-Year Guaranteed Annuity (MYGA).

The Multi-Year Guaranteed Annuity, also known as Fixed Rate or CD-type Annuities, is a type of fixed-rate annuity that provides a predetermined and guaranteed interest rate for a specified period of time.

The MYGA can be a very interesting asset for retirees who are looking for safety and peace of mind during their golden years.

In fact, if you feel like your savings just aren't growing fast enough, then MYGAs might be the game-changer you’ve been waiting for.

Want to learn more?

Then listen to this episode where we break down why the current high interest rate environment makes MYGAs an incredibly attractive investment option for you.

Let’s dive in!

Key Takeaways:

Introduction (00:00)

Let’s talk about MYGAs (02:21)

The difference between MYGAs and CDs (04:21)

Insurance vs banking (13:24)

Why you should invest in MYGAs (22:29)

Additional Resources:

🔥 Learn more about us: https://retirewithconfidencenow.com/

🔥 Follow us on socials:

➡️​ Facebook: https://www.facebook.com/RetireWithConfidenceNow/

➡️​ Instagram: https://www.instagram.com/retirewithconfidencenow/

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Retire With Confidence is a podcast that teaches listeners the best strategies to plan their retirement for a happy and financially secure future. Listen now and learn how to plan for your golden years. Follow us for more!

If you’re planning on continuing to contribute to your 401(k), then you might want to listen to this episode!

As you know, 401(k)s are tax-deductible, which makes them a very attractive type of retirement asset for future retirees everywhere.

However, lately, two economists have been arguing that the US government should abolish tax breaks for 401(k) and IRA contributions.

Why?

Because – as per these economists – they disproportionately benefit the wealthy and do little to increase overall savings rates. They suggest that instead, the funds could better support Social Security.

Very obviously, this proposal was quite controversial and has sparked debate all around the country, with some in the financial industry defending the tax-favored plans as crucial for middle-class retirement savings, and others suggesting reforms to make the benefits more equitable.

This episode, we give you our take on this whole ordeal.

Want to learn more?

Then tune in now!

Key Takeaways:

Introduction (00:00)

Should we get rid of tax deductions on 401(k)s? (01:42)

A more controversial idea (07:00)

Let’s speculate a bit (11:33)

The issue of retirement preparedness (17:00)

Additional Resources:

🔥 Learn more about us: https://retirewithconfidencenow.com/

🔥 Follow us on socials:

➡️​ Facebook: https://www.facebook.com/RetireWithConfidenceNow/

➡️​ Instagram: https://www.instagram.com/retirewithconfidencenow/

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Retire With Confidence is a podcast that teaches listeners the best strategies to plan their retirement for a happy and financially secure future. Listen now and learn how to plan for your golden years. Follow us for more!