Safety First

Keeping Your Retirement Income Safe

Dotson Financial’s main priority when helping you develop a retirement strategy is to create a foundation that you can count on. To do that, we only focus on retirement options that will keep your money safe from losses. Protection of principal is not only possible, but there are multiple options that provide it. Let us show them to you.

You Might Be Wondering About

Why Keeping Retirement Income Safe Matters

Earlier, during your working years, you were probably more comfortable with risk. When you’re decades away from retiring, your finances have time to recover in the event of a stock market drop. In contrast, as you near retirement, you no longer have the benefit of time. If a stock market crash occurs, your ability to retire may be affected negatively. Or, worse yet, if you’ve already retired by the time a crash occurs, you may run out of money! This is why finding a way to keep your retirement income safe is so important. You should be able to retire with confidence, knowing that your income will always be there.

couple walking in park with their bulldog retirement income safe

Strategies to Keep Your Retirement Income Safe

Many people, when building wealth, invest in the stock market. The idea here is, that if you keep your money in the market for the long haul, it will eventually grow. And, for the most part, this is correct. However, when you’re retired, your needs change. You aren’t making money from employment anymore. Your retirement lifestyle needs to be funded out of savings – you can’t afford the losses anymore.

grandpa outside with his grandson looking through binoculars retirement income safe options
Should You Consider

Annuities as a Source of Income in Retirement?

Earlier, during your working years, you were probably more comfortable with risk. When you’re decades away from retiring, your finances have time to recover in the event of, for example, a stock market drop. In contrast, as you near retirement, you no longer have the benefit of time. If a stock market crash occurs, your ability to retire may be affected negatively. Or, worse yet, if you’ve already retired by the time a crash occurs, you may end up without a way to pay your bills. This is why finding a way to keep your retirement income safe is so important. You should be able to retire with confidence, knowing that your money is being kept safe.

Avoiding Loss is Key

Bottom line? Keeping your retirement income safe comes down to preventing losses. Everyone has a different situation, but all of our clients typically have a few things in common: They’re looking for safety, reasonable rates of return,** and simplicity in their retirement plan. If this includes you, reach out to us. Those are our core values.

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