#4: How to Address the Top Fear Retirees Have: Running Out of Money

Running out of money is the number one fear retirees report, even above health concerns. Many people who are in perfectly good financial shape still find themselves unable to enjoy what they have saved. Jaime Cowper, a financial advisor who specializes in retirement income planning, walks through the four key variables that drive this fear and explains how a simple one page income plan can bring clarity to where your money comes from each month. She covers longevity expectations, spending habits, sources of guaranteed income like Social Security and pensions. If you have done well financially but still feel uneasy about spending in retirement, this one was made for you.Chapters(00:00) Introduction(00:17) Why This Fear Is So Common(00:51) The Story That Changed Everything(02:38) The One Page Income Plan(02:58) Four Keys to Conquering the Fear(03:38) Sources of Guaranteed Income(04:49) Why the Income Plan Ties It Together(05:20) Building Peace of Mind on PurposeComment below: have you ever held back from spending money in retirement even though you knew you could afford it? To schedule a time to discuss your financial future visit https://www.unityfinancialadvisors.net/contact-us or call (248) 885-8176 today!Connect with Jaime on Social MediaLinkedIn: https://www.linkedin.com/in/jaimecowperInstagram: https://www.instagram.com/jaime.cowperFacebook: https://www.facebook.com/unityfinancialInvestment advisory and financial planning services offered through Advisory Alpha, LLC, a Registered Investment Advisor. Insurance, Consulting, and Education services offered through Unity Financial Advisors. Unity Financial Advisors is a separate and unaffiliated entity from Advisory Alpha. While tax and legal issues may be discussed in the general course of financial and investment planning, Advisory Alpha does not provide tax or legal services. Jaime Cowper is an investment advisor representative of Advisory Alpha, LLC, a SEC registered investment advisor. All opinions expressed by Jaime Cowper are solely her own opinions and do not reflect the opinions of Advisory Alpha, LLC, and as such, any and all statements of purported or observed general practices of non-affiliated firms and advisors; conditions of the broad financial services industry; or performance or returns with regards to products, securities, markets, or otherwise, whether or not advisor indicates they may be relying on third-party data or sources, are solely the opinions and/or interpretations of the advisor and are not intended to be offered as factual. The validity of these statements has not been verified, and as such, no representations of their validity are made. This recording is for informational purposes only and should not be relied upon for investment decisions. This material is not endorsed or approved by the Social Security Office or any other Government Agency. An Annuity is a long-term financial product designed largely for asset accumulation and retirement needs. All guarantees are backed by the claims-paying ability of the issuing insurance company.