The Madison Leader Gazette: “How Retirees Can Lower Retirement Income Risk”
The Madison Leader Gazette, May 14, 2021 — In today’s issue of the newsletter, reporters explain: “Retirees need to know how to generate enough income to maintain their lifestyles without exposing their assets to too much risk. Social Security is a key source of steady cash, and some retirees also have traditional defined-benefit pensions, an increasingly rare type of plan that pays out like clockwork.”
They turned to Marguerita Cheng, CFP® Pro, for insight.
Rita explains: “Just because you’re retired doesn’t mean you’re not a long-term investor,” says Marguerita M. Cheng, CFP®, CEO, Blue Ocean Global Wealth, Gaithersburg, Md. “And just because you’ve stopped saving for retirement because you’re retired doesn’t mean you don’t need savings.”
The nice thing about these 10 choices is they can be mixed and matched to suit your income needs and risk tolerance. Getting just the right mix might be a bit complicated, so don’t hesitate to consult a qualified financial professional for guidance.