We’re living in a unique period of time where uncertainty seems to be the driving force across many sectors. The health crisis has forced us all to make changes to our daily lives and our finances, and that has a lot of people thinking about ways to generate predictable income. Let’s explore this idea by looking at ways this is done but identifying reasons why this might not always benefit you.
Today's show schedule:
0:48 – Who wouldn’t want a little predictability right now?
1:34 – What retirement income sources appear predictable but might not be?
4:48 – Is there really such a thing as guaranteed income in retirement?
6:23 – J’Neanne shares examples of people who have faced income issues.
8:27 – What do you do if inflation decreases the value of your predictable income?
9:38 - Life events can throw off your plan if don’t prepare correctly.
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