Bring Your Retirement Planning Out of the Shadows

2:07 pm Uncategorized

Groundhog eating 150x150 Bring Your Retirement Planning Out of the ShadowsToday is Groundhog Day, when Americans annually turn to this pleasingly plump member of the marmot family to forecast an early spring or a lingering winter.

Today is also the debut of what a Forbes blog is calling a “cool new retirement planning tool” from Fidelity Investments, which found in a study last fall that 75 percent of pre-retirees don’t have an income plan.  And a third of those do not create a plan because they’re afraid of what it might tell them.

Watching a groundhog’s shadow is no way to forecast the weather.  And in today’s economic climate, not having an income plan for retirement is no way to face the future.

The new tool, dubbed the Fidelity Income Strategy Evaluator, suggests which combination of financial products would work best for you in retirement.  If it suggests something you don’t like, you can pick and choose from other suggestions.

You don’t have to be a Fidelity customer to use the evaluator; it’s free.  And it doesn’t just suggest Fidelity products.  For example, if your top priority is a guaranteed income in retirement, it will grab the best quotes on fixed annuities based on the day’s rates from five different carriers.

For more assistance with your income in retirement planning, contact our California estate planning and asset protection law firm.

Help is available to you by contacting your Southern California financial planning experts today.

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