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👉 Let us help with your retirement or financial plan: https://getrevise.com
In today's episode of the Slow Money Show by Revise, we tackle a topic that affects every working American: guaranteed income planning. With the shift from pensions to 401(k)s, many are left wondering how to secure a reliable paycheck for life.
Join us as we explore:
The historical context of pensions and the rise of 401(k)s
Why the transition has made retirement planning more complex
How to replicate the benefits of a pension with modern financial tools
The concept of indexed annuities with withdrawal benefits riders
Real-life case studies illustrating how to build a personal pension
Key criteria to consider when creating your own guaranteed income stream
If you're ready to take control of your retirement and learn how to build a secure income plan, this episode is for you!
00:00:00 Introduction to Guaranteed Income
00:04:00 From Pensions to 401k Transition
00:07:50 Becoming Your Own Fund Manager
00:11:15 Creating a Personal Pension
00:16:00 Requirements and Savings Needed
00:19:30 Exploring Annuity Options
00:25:00 Conclusion and Key Takeaways
👉 Let us help with your retirement or financial plan: https://getrevise.com
In today's episode of the Slow Money Show by Revise, we tackle a topic that affects every working American: guaranteed income planning. With the shift from pensions to 401(k)s, many are left wondering how to secure a reliable paycheck for life.
Join us as we explore:
The historical context of pensions and the rise of 401(k)s
Why the transition has made retirement planning more complex
How to replicate the benefits of a pension with modern financial tools
The concept of indexed annuities with withdrawal benefits riders
Real-life case studies illustrating how to build a personal pension
Key criteria to consider when creating your own guaranteed income stream
If you're ready to take control of your retirement and learn how to build a secure income plan, this episode is for you!
00:00:00 Introduction to Guaranteed Income
00:04:00 From Pensions to 401k Transition
00:07:50 Becoming Your Own Fund Manager
00:11:15 Creating a Personal Pension
00:16:00 Requirements and Savings Needed
00:19:30 Exploring Annuity Options
00:25:00 Conclusion and Key Takeaways