Summerlin Benefits Consulting Q&AAnswer
Nov 13, 2024 - 09:51 AM
When balancing income needs with legacy planning, retirees should consider how to generate stable income while protecting their assets. Annuities, particularly Fixed Indexed Annuities (FIAs), offer principal protection and reasonable returns, ensuring a reliable income stream. It's important to choose options that match risk tolerance and financial goals, including potential benefits like income riders or long-term care features. Additionally, retirees should plan for both immediate needs and legacy objectives, ensuring their financial strategies align with both their lifestyle and wealth transfer goals.
