Although saving money for the future is an important component of building a successful retirement, it is just one of many pieces of the puzzle. Retirement income and protection strategies must also be put in place so that you can enjoy your post-employment lifestyle.Knowing that income will continue to flow in regularly, regardless of what happens in the stock market, can provide you with a worry-free retirement. The reduction or elimination of taxes can also provide you with more net spendable income, as well as a larger share of assets being transferred to those you love and care about (as versus to Uncle Sam).Some of the key strategies for protecting your principal and generating an ongoing income can include a(n):
- Personal Pension Plan
- Social Security Income Maximization
- Tax Reduction Concepts
- Business Succession Planning
- Wealth Transfer
Income generation and wealth protection are not the same as investing and growing assets. For that reason, it is recommended that you talk with a specialist in these areas to move forward. This individual or firm may be different from the one you have worked with on your growth-oriented investing.
