Elite Retirement Advice

Additional Retirement Income

Many retired folks are relying on their financial planner, broker or 401(k) company to help them to provide them with sufficient income during their twenty to forty or more years of retirement. And, perhaps they will have enough.But even if you have a great broker who is able to outperform the markets, you'll continue to run the genuine possibility of running out of cash. I’ve had too many retired couples come asking for help as they are running out of money. They need additional retirement income.

You may have heard of such couples who had what they thought to be a sufficient and significant amount of money to enjoy during their golden years. Think of the couple who retired in 1997 with over $1,000,000. They'd been taking $70,000 every year to live on and in 2009 they have less than $176,000. They were running out of money that whole time and now don't know what to do.

Unfortunately, the typical financial planner or broker is trained to educate or guarantee you that you might average an 8% to 9% annual return on your retirement portfolio. There will be years where you'll make more than 8 to 9%, and other years where you bleed money. The difficulty is that though you may over time (20+ years) average the 8% to 9% return, you won't get that return every year. The time you need the money is now, not 10 more years from now.

Additionally, your financial planner has probably told you that you will spend less each year while retired. Actually, people spent just as much in retirement as they did while working - in order to maintain your lifestyle.

When you are taking income from your retirement portfolio in years with low returns or losses, you are frequently compelled to dig into your investment principal, compounding your investment losses. Further, every year you still have to pay management costs to your broker, whether your retirement portfolio made cash or not. So....

Will you Run Out Of Money?

The last thing you want is to run out of money during retirement and get a job at the local supermarket. So many retirees end up there, but there is a better way.

We live in a great time where so many more options are available for you to generate significant retirement income to ensure you never run out of money. Did you know you can use your knowledge and expertise to make money online? Retirees all around the world are discovering that their years of experience will pay off during their retirement, literally.

We've created a sister site dedicated to showing you how you take what you know and love, and use it to make money during retirement. Click on this link to visit our sister site, Elite-Retirement-Advice.com

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