The kind of lifestyle you want in retirement will
determine how much money you need, and it's
essential to start designing that plan now. You must
adjust for inflation, account for the value of the
dollar, and consider your life expectancy. If you’re
wondering how to create income you will never
outlive, consider calculating how much of your
retirement income will come from guaranteed
sources and what you need to bridge that gap.
So, how do you create wealth with safety and
stability in mind? There are a few powerful tools
available that I believe in deeply—products like
Indexed Universal Life insurance (IUL) set up for
income or an indexed income annuity with an
income rider. I have invested in these products
myself, and I can tell you from experience that they
work. I’ve never lost a dime. If you’re looking for
financial growth that oers security, these
instruments are a great option to ensure you don’t
outlive your income in retirement. The goal is to
create income you will never outlive, and these
products can help you do just that.
Now that we’ve touched on the importance of
securing your retirement income, let’s move into
action. To retire with more than you need, start by
calculating exactly how much money you’ll need.
You must first save diligently, whether it's through
a Roth IRA, an IUL, or a 401(k). Each of these
retirement vehicles has unique benefits depending
on your age, health, and wealth. The key here is to
redefine what
you believe you can afford today. Just because you can
buy something now doesn’t mean you should. Every
purchase you make today is money that could be
working harder for your future—creating wealth that
will sustain you long-term.
To create income you will never outlive, it’s important
to recognize that wealth isn’t just accumulated—it’s
managed. You must ask yourself: "Can my retirement
plan afford it?" It’s about the choices you make today,
understanding that each decision impacts your future
financial growth. By considering your purchases
through the lens of your long-term goals, you can
ensure you’re making the best choices to grow your
wealth and secure a comfortable, stress-free
retirement.
Finally, planning for your retirement early is the
ultimate strategy for success. It’s never too early to
start thinking about PREtirement—preparing your
money, health, and peace of mind for the years ahead.
By planning now, you’re ensuring that your money
continues to grow and work for you, and that you can
create income you will never outlive. Don't just save for
retirement—make sure your retirement strategy is
designed to create wealth, provide financial growth,
and give you the security and stability you need to
enjoy your later years without fear of running out of
money.
In the end, it’s about having control over your future.
Create wealth, grow your financial security, and plan for
a retirement that’s not only sustainable but abundant.
This is the power of starting today and taking proactive
steps to build a future that lasts.
Connect w/Kris
linktr.ee/healthymoneyhappylife
https://www.linkedin.com/in/
krismiller-legacywealth/
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