The Downsides of Guaranteed Income in Retirement

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Guaranteed lifetime income is an attractive proposition for many retirees.

In today's complex retirement landscape, with interest rates that can barely pay for a cup of coffee, a safe income stream appears more elusive than ever before...

Because of this, many retirees have been turning to lifetime income solutions like a lifetime income annuity or monthly pension payouts.

The proposition is straightforward. Income that covers your life.

But this bag of goods may not be all it's cracked up to be.

Guaranteed income in retirement has its drawbacks!

From a tax planning perspective, forced income is always a drawback. Whether its forced income from an RMD or forced income from an income annuity or pension.

When you consider inflation, most of these lifetime income sources devalue over time.

On top of these drawbacks, the opportunity cost of these income sources is typically quite high.

In this video, we will discuss:

✅ 3 drawbacks of guaranteed retirement income

✅ How to determine whether a pension lumpsum or monthly payout option is right for you

✅ Why most retirees should avoid the trap of lifetime income annuities in retirement

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