Posted 1/19/2024, 10:50:41 AM
Retirement Planning Strategies to Manage Risk, Prepare for Future Tax Changes
- Reduce market volatility risk using fixed index annuities that limit downside while allowing some upside
- Pay for long-term care with home equity conversion mortgages combined with annuities
- Consider income taxes when planning, using tax-advantaged products like annuities
- Be prepared for likely tax code changes and their impact on retirement income
- Stay invested through market downturns; having a plan helps investors avoid panic selling