Smart Retirement Strategies: Turning Your Savings into Steady Income 💰 (2021)

The process of saving for retirement is commonly understood, save a certain amount each year, invest it, and give your nest egg time to grow. <br /><br />But once you are ready to retire and start living on that income, things can quickly become more confusing. <br /><br />If you spend any time on the internet, you will quickly discover that there are many approaches to generating retirement income. <br /><br />To help you evaluate those approaches, a concept called Equivalent Portfolio Value, or EPV, can be helpful. <br /><br />Simply put, EPV evaluates how much income one approach can generate versus another and what it will take for two different approaches to generate the same level of income.<br /><br />In this example, we compare withdrawing from a managed portfolio of investments vs. utilizing a lifetime income rider on an annuity.<br /><br />Using EPV can be useful to compare retirement income approaches. <br /><br />So, ask The Annuity Expert if a fixed index annuity might be right for you.<br /><br />Learn More: https://www.annuityexpertadvice.com/converting-retirement-plan-into-income/<br /><br />