In his recent annual letter to Berkshire Hathaway investors, Warren Buffet warned that fixed-income investors worldwide-including pension funds, insurance companies, and retirees - face a bleak future. If you're retired or nearing retirement, this will likely get your attention. Returns on CDs, savings accounts, and even bonds are pathetically low, and they’re not likely to improve anytime soon. So, if you're retired, you could be stuck between a rock and hard place. If you put your money in CDs or bonds - you’ll get next to nothing, and if you reach for more yield by investing in stocks - you could suffer a huge loss in the next stock market correction, or bear market. In this episode, we will cover the current challenges with fixed income for retirees, plus, how other people are successfully generating income in retirement today, including:
- Why fixed income is important to retirees and why it’s more challenging today than ever before
- How a tax reduction strategy could be the fastest way to generate income in retirement
- The basic investment options that could help you generate even more income in retirement
Host Ben Christy interviews Beacon Capital Management's Senior Partner and Co-Owner, Pete Benson, and COO and Co-Owner, Jon Maxson for this episode of the Beacon Retirement Strategies Radio Show: How to Successfully Generate Income in Retirement … So You NEVER Run Out of Money.