Aaron leak of ECL Private Wealth Management in Dallas and Chicago tells Retirement News Online that financial and retirement planning is crucial for professional athletes. They typically earn more money in a 3 -5 year span than most people earn in a lifetime. Because their timeframe can be much longer than average, proper planning is essential to make sure they don’t run out of money in retirement.
DECUMULATION VS ACCUMULATION
When you decide to retire, you will have to create a monthly income out of the retirement savings you have accumulated. Instead of saving, you’ll be spending; the trick is, how do you keep from
An annuity might help you convert your retirement savings into a monthly income that can last as long as you live. You can sometimes think of annuities as your own personal pension. But not all annuities are the same. Learn more about what fixed indexed annuities.
Market volatility isn’t much of a concern for younger investors because of their long investment horizon. Aaron Leak of ECL Private Wealth Management in Dallas and Chicago tells Retirement News Online that investors at or near retirement need to aggressively manage risk especially if they are talking income from their portfolio.