Why Guaranteed Income in Retirement Is So Important- Episode 126
A steady stream of cash flow is one of the most valuable things you can have, both before and after you retire. If that income is guaranteed by some entity — the federal government, the PBGC, or the claims-paying ability of an insurance company — then so much the better.
Pensions and Social Security are two forms of guaranteed income that people receive usually after they’ve retired. They form the basis of your financial plan and help determine how much extra income (if any) your portfolio will need to provide for you. In other words, the more guaranteed income you have, the less you’ll have to rely on your savings.
Why is this so important? Find out from podcast host Johnny Dean and his guest, “Professor” Rick Plum, CFP® on this week’s episode of Managing Your Financial Future!
The information provided is based on current laws, which are subject to change at any time. Lucia Capital Group is not affiliated with or endorsed by the Social Security Administration or any government agency.
Social Security rules can be complex. For more information about Social Security benefits, visit the SSA website at www.ssa.gov, or call (800) 772-1213 to speak with an SSA representative.
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Rick Plum is a registered representative with, and securities and advisory services offered through LPL Financial, a registered investment advisor and member FINRA/SIPC. The investment professionals are affiliated with LPL Financial and are conducting business using the name Lucia Capital Group, a separate entity from LPL Financial.