The Biggest Mistake in Planning Your Retirement

By Rodney Piercey

As an estate planning attorney, I have reviewed more than 7,000 financial statements of my clients. I had to do that to be able to recommend the right-sized estate planning strategies for each unique client.

What I found was astonishing. Only about one and 20 of them have a guaranteed income stream other than Social Security. They either are invested heavily in CDs, or some blend of CD and stocks and bonds.  

They worry about both because the problem with each of those categories is obvious. Stocks and bonds go up and down, and if they go down early on your retirement years, it greatly increases your risk of running out of money. CDs do not produce enough income or growth to even keep up with inflation.

The biggest mistake in your retirement planning is not having enough of a guaranteed income stream that can only go up and not down and that you cannot outlive.

That’s why I founded Secure Income Advisors LLC. I felt compelled to help my clients avoid the biggest mistake in retirement planning and get more guaranteed income and more peace of mind.