Strong Tower

As Baby Boomers continue retiring in large numbers each year, many have long worried about how financially prepared members of that generation are to provide for their golden years. Given the challenges of figuring out how to invest to make a nest egg last for a retirement that could span 30 or more years, Baby Boomers need answers and advice on the most efficient ways to draw their assets. There is so much marketing geared towards specific products and strategies to solve their retirement income needs that makes choosing the right path difficult to say the least.

Generally speaking, I’m leery of investments with the word “income” in them. Income funds tend to be too risky for someone who wants to generate an income stream for themselves. Fund managers often chase high-yield bonds and high dividend-paying stocks in order to get the highest return.

Continue Reading: How to Build Retirement Income with Annuities | Investopedia