Managing Your Spending In Retirement
One of the things we believe at Abaris is that too little of retirement planning focuses on the decumulation of assets. That’s the period when you’ve stopped working, and have started to spend the money you worked hard to save and invest.
Properly managing the retirement spend down phase is complicated and it’s a difficult process to manage on your own. Want to do it smarter? You can start by using our retirement spending tool to get a sense of what your future expenses are likely to be and how much of these expenses are covered from Social Security, a pension, or an existing annuity.
How Can You Create A Worry-Free Retirement Income Plan
It used to be conventional wisdom that the older you are, the more money you should have in fixed income assets, like bonds. And as long as you didn’t spend more than 4% of your assets every year, you’d be all set. But in today’s low-interest rate environment, bonds may not generate enough income and the 4% withdrawal rate might not be safe enough.
Income annuities are a way to get more income. And it’s income that’s guaranteed for your lifetime. That’s an important promise that the insurance company makes to you because longevity is increasing and life spans can be hard to predict. But income annuities are not for everyone, and they’re never right for your entire portfolio. Check out our guide on retirement and your money and use our advice tool to start heading down the path to a secure retirement.
Information is powerful. If you’re looking to learn more about how annuities could fit into a retirement income plan and what things you should consider in the purchase process, we don’t think a sales pitch is particularly helpful. If you have questions, we’re never more than a call, email or chat message away.
Find Out If You're A Fit
Using our proprietary software that incorporates information about your age, expected longevity, assets, and spending, we provide you with your personalized Annuity Score. This is a gauge for just how much an annuity makes sense for your specific situation.
Be Your Guide
When an income annuity does makes sense, we walk you through the process of choosing the right insurance company on our platform by comparing payouts. All of the insurers on our platform are highly rated. We provide products from across the market and, unlike your local insurance agent or financial advisor, we’re unbiased about the product you select.