In the book “Titan: The Life of John D. Rockefeller Sr.” it breaks down the life and success of John D. Rockefeller.
For those who are interested in growing a business I believe it’s a good read..but maybe a bit long 🙂
Later in the book I discovered something very interesting.
Now John D’s father didn’t live the best life. Some say he was a con man.
Later in life, it appears he even left the family for a younger woman.
That may be viewed as an unfortunate thing to happen in any century.
What came next also interested me…
On June 1st, 1858 John’s father left his mother an income annuity when he left the family. Because of this annuity, she survived without Bill in the house. She had two sons taking home a small income and this annuity allowed her to have a Hybrid Retirement…
This is where you chose to work less (semi-retire) and still work a bit. If you can’t retire fully then that might be your best option. Or if you still want to work, like many Baby Boomers still do then the Hybrid Retirement option might be the best of both worlds.
I think it is very interesting as the financial instrument of choice as there are a few things that could show up in your bank account each month.
Real estate could provide you with a monthly deposit.
Owning and running a successful business or maybe dividend paying stocks.
And all those might be good options for you.
However, even though they might be good options…in the end…they are not 100 percent guaranteed.
1. A business could fail
2. The stocks could not pay a dividend
3. Your tenant might leave you high and dry…
All three could stop depositing monthly into your bank account if a crisis happened, or the economy tanks or the company of the stock stops issuing dividends.
Of course, that is not likely to happen.
But it could and has happened in the past.
If you look, there are very few products that offer you a true “guaranteed income.”
One of those is the right income annuity.
I’m not talking about an annuity as an investment.
I’m talking about protecting a portion of your nest egg with a 100 percent guarantee.
That will pay you for the rest of your life. And if set up properly could even pay a spouse after one has passed away.
So many people focus strictly on the accumulation phase of their savings.
My bias and focus is on the distribution.
How can we build a way to have an income every month.
And have part of it come from Guaranteed sources…
Social security…Pensions…and the “right” income annuities.
It is what I call Income Liberation.
By locking in a portion of your retirement savings to pay for your monthly living expenses…
You unlock so many opportunities and potentially help relieve some of the stress when you might not be working anymore.
If you’re interested in some more liberation during those years, simply click on the link below and schedule a time we can speak for 15 minutes over the phone.
It’s not a fit for everyone.
For some it might be.
Remember — It’s Your Time…