A widely accepted rule of thumb suggests that if you hold initial withdrawals to 4% of your nest egg during the first year of retirement  and increase that dollar amount by 3% in each of the following years to keep up with inflation, you won't run out of money over a 30-year retirement. Now even that strategy may not be cautious enough, and you may have to rethink your plans for retirement income.

There is, however, another way to stretch your income and increase your annual withdrawals to 8% or more of your savings. And you can still be assured to have enough income for life.  That is with a fixed indexed annuity with an Income Rider.  It is appealing to clientèle in the 50 to 75 year old bracket.

Contact Tom Gucciardi by email or call him at 954-804-4381