In this episode, Kevin Richards and co-host Tony Shore discuss Smart Money: Protecting and Growing Your Retirement Assets, authored by Kevin, and strategies for securing steady income after retirement. Richards is eager to influence and educate audiences with his book, as he’s summarized his experience and expertise on retirement financial decisions.
“That’s why you have books,” Richards says. “It’s to make the learning experience of the author shortened down into a digestible form, that’s easy to do, easy to digest and understand, and in a quick amount of time.”
The co hosts dive into options towards establishing a master plan for financial plans of action before retirement, for retirement.
Take Financial Fate into Your Own Hands
Now is the time to take future financial fate into your own hands.
Richards’ book Smart Money: Protecting and Growing Retirement Assets simplifies an important phase in one’s career, or rather, the first phase after one retires from a career.
“Any financial advisor out there that’s good should make what’s complicated, simple.” Richards highlights.
By brainstorming strategies, learning the facts, and securing one’s own financial future, an individual can live a comfortable lifestyle.
Hybrid Annuities and Guaranteed Income for Life
Richards introduces a strategy that offers “the best of both worlds” when it comes to stocks and financial security: hybrid annuities. Keep money growing above inflation, but not risk it when there is a down trending market. He explains that there is no loss if the stock market drops, however they will also grow when the market is growing.
Hybrid annuities provide both the protection and growth of assets.
“Why not put it into a vehicle that has a historical performance of going up when the stock market is going down?” Richards states.
An additional benefit of these is a guaranteed income for life feature provided. It is a percentage of account value based on age for the rest of one’s life.
“You will know,...
There is no offer to sell, no solicitation of an offer to buy, and no recommendation of any security or any other product or service in this article. Moreover, nothing contained in this PR should be construed as a recommendation to buy, sell, or hold any investment or security, or to engage in any investment strategy or transaction. It is your responsibility to determine whether any investment, investment strategy, security, or related transaction is appropriate for you based on your investment objectives, financial circumstances, and risk tolerance. Consult your business advisor, attorney, or tax advisor regarding your specific business, legal, or tax situation.