Chapter 7

I want to mention the importance of asset diversification. We should never put all our eggs in one basket, including annuities. This is just a smart business practice. Take a look at the next video where I talk about the importance of diversification, guaranteed income and financial peace of mind. 

The flooring approach is a concept that proves retirement is not the place or time to be taking risks. Your savings need to be in a stable, guaranteed, and reliable vehicle that will take care of all your basic living expenses, giving you a solid floor to confidently stand on for as long as you live.

The right fixed index annuity does precisely that, while keeping you safe and insulated from market risk and volatility. 

Over a decade ago, I read the Harvard and Wharton School of Business articles regarding retirement income. Oddly enough, both articles talked about the need for guaranteed income in retirement to at least cover basic expenses such as food and housing. These principles still hold true today, considering the current financial state of our Social Security system.