When to retire is really about income right? Sure you can work as long as you want to but you really do not have the option to retire until enough income can be generated from your investments to cover your monthly expenses and still increase with inflation. Until you reach that point, you do not have an option.
How do you make sure your investments can create enough income on a regular basis no matter what the market does or does not do? With traditional investments, it is not possible without help. Help comes in the form of guaranteed income riders on annuities.
Guaranteed income riders can make the difference in your retirement planning and income creation. Adding a guaranteed income rider creates a baseline of income from which to plan your entire retirement. It takes the market out of play. Worry will no longer be needed. Your income will come every single month with no problems at all.
How it works is a little complicated but stick with it and it will become clear. I work with income guarantees often and still have to refresh occasionally on the details from insurance company to insurance company. Keep studying it and ask questions. If you come to a word you do not understand in the literature, circle it and ask about it.
For more details and a thorough example of how it works be sure to read - What Is The Guaranteed Income Benefit Rider?
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