Lifetime Joint Income Payments
It is important for most retirees to create additional income streams in addition to social security in retirement. Many will rely on minimum distributions from qualified accounts (IRA’s, 401K rollovers, SEP plans, etc) and non qualified retirement plans to create additional income. Lifetime Joint Income Payments offer the security of an additional source of income.
Retired couples will often only have one person receiving additional income.
This strategy works well as long as the primary person drawing income is alive but an unplanned death can leave the surviving spouse short on income. Read more
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