10 Smart Ways to Generate Retirement Income

When it comes to retirement planning, income planning is typically the first point of discussion. Can you afford to retire and enjoy the lifestyle you want with the resources you have? What seems like a straightforward question has become anything but.

The reality is that there is no such thing as a perfect investment, product or strategy. You cannot avoid risk. Even the guaranteed income stream from an insurance company has inflationary risk. If taxes were to go up, the net income you would get from your annuity income, assuming it was funded with pre-tax dollars, would go down. We are all subject to risk in one way or another.

In an attempt to bring balance to the retirement income conversation, I want to share 10 common income strategies you can consider when putting together your retirement plan.