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Episode 3532:

Greg Ward breaks down practical ways to turn retirement savings into reliable income, comparing options like annuities, bonds, dividend stocks, and target-date funds. He highlights the tradeoffs between risk, stability, and flexibility, helping you align your investment choices with your lifestyle and longevity expectations. It’s a clear guide to building a retirement strategy that balances income needs with peace of mind.

Read along with the original article(s) here: https://www.financialfinesse.com/2013/08/21/investment-options-for-the-soon-to-be-retired/

Quotes to ponder:

"An immediate annuity allows you to give money to an insurance company in exchange for a guaranteed income for the rest of your life."

"When you purchase an individual bond, you are essentially lending money to someone else depending on what type of bond you purchase."

"With a target-date fund, the only decision you really need to make is when you plan to start withdrawing funds from the portfolio, usually at the time of retirement."

Episode references:

Living to 100 Life Expectancy Calculator: https://www.livingto100.com/

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