Probability-Based Income Planning vs. Guaranteed Income Planning

Probability-Based Income Planning vs. Guaranteed Income Planning

Two very different strategies can help retirees’ retirement savings last a lifetime, and which one works for you—or even a hybrid plan—may depend on your risk tolerance. Let’s look at probability-based income planning vs. guaranteed income planning.

You can probably guess the kind of questions financial advisors hear most often from hopeful retirees. They tend to be something like this:

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