October 5, 2015
There are other ways to generate retirement income with a high level of comfort and security. For example, financial planner and Texas Tech associate professor John Salter demonstrated how different claiming strategies, such as filing and suspending and filing a restricted application, that can significantly boost the amount of inflation-adjusted Social Security payments over a lifetime and how a reverse mortgage might be used as a back-up line of credit that can be drawn on during prolonged market downturns to reduce the chance of running out of money. And in a session during which I talked about arriving at the right asset allocation for retirement, I noted that, while immediate annuities are not for everyone, adding one to a retirement income plan can not provide additional income that will last as long as you live, but also contribute to a more secure and happier retirement.
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