How to Plan a Conservative Retirement that Doesn't Feel Like One

Posted on May 15, 2018

 

For many pre-retirees and retirees, one approach to financial planning is to be more conservative with investments the closer you get to retirement. But what happens when they make the switch from accumulating assets to living off of them in retirement?

Whether they took advantage of market volatility or played it safer while saving, at Heyday we’ve seen them concerned about the many unknowns and uncontrollable factors that could impact their nest eggs. So how can retirees help minimize their risks in retirement, and enjoy the activities they said they’ve always wanted to?

The good news is, regardless of their financial approach during the accumulation phase, retirees can enjoy a conservative approach to retirement that doesn’t feel like a lifestyle change.

In his online workshop, A Conservative Approach to Funding Retirement, Dr. David Babbel explains why he took this approach. He also shares the plan he secured for his own retirement. As a former economist for World Bank, he brings unique insights on how the market has performed over the last several decades, as well as the impacts on inflation in various world markets.

In this informative workshop, you’ll discover:

  • How being conservative in retirement doesn’t have to mean reducing your standard of living
  • Why the conventional retirement approach to the stock market could be flawed
  • What you need to know about inflation, and how to help protect yourself from the rising costs of goods
  • Why securing guaranteed income is key to financial confidence in retirement

An Actionable Strategy for Those Who Hate Risk

While Dr. Babbel’s conservative approach to retirement strategy may not be for everyone, the topics covered in his workshop can be a valuable resource for those looking to help minimize risk in retirement.

To watch Dr. Babbel’s workshop on demand, simply sign up here. And if you’re ready to see how much income you’ll need to do all the things you’d like to in retirement, our retirement income planner app can help you create a custom plan.

Materials offered by Heyday Retirement, including articles, ebooks, and workshops are designed to provide general information on the subjects covered. They are not intended to provide specific financial, legal or tax advice. Heyday markets insurance products and its representatives do not give investment, legal or tax advice. You are encouraged to consult your tax advisor, attorney, or investment advisor.By contacting us or submitting your contact information, downloading booklets, or attending workshops, Heyday may refer you to our licensed insurance and annuity professionals who may contact you to offer a meeting to discuss how insurance services can help meet your retirement needs. You may withdraw your consent anytime.All Heyday authors, professors and educators are paid for their contributions. Their inclusion does not represent an endorsement of products.

To learn more about how one former economist secured guaranteed income (and you can, too), sign up for the on-demand Heyday workshop,

A Conservative Approach to Funding Retirement

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Cindy Collins

Written by Cindy Collins

Forbes Contributor & Retirement Financial Professional

Cindy Collins is EVP at Stratton & Company Retirement Financial Strategies and a Heyday Retirement contributor with 30+ years of experience.

Heyday is a premier source for comprehensive tools and informative content designed to help retirees build a secure retirement income plan.

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