One of the most prevalent concerns among retirees is the fear of outliving their retirement income, and understandably so.
The days of working for a company for 30 years and retiring with a company pension and lifetime healthcare coverage have largely faded. Now, the majority of Americans save and plan for their retirement independently.
At Sunstone, we find that clients experience less stress and enjoy their retirement more when they have at least their basic lifestyle expenses covered by a comprehensive guaranteed income strategy. Surprisingly, such strategies remain among the most underutilized methods in retirement income planning.
Important lifetime income planning
It is vital for retirees to recognize that there is no single method or source for lifetime income planning.