A Guaranteed Retirement Income For Life - This is what most people are looking for in retirement, and there is a tool that can provide this for you, but over the last 15 years, low-interest rates have caused it to fall out of favour. But with interest rates on the rise, I see Annuities forming the cornerstone of many people's retirement plans. So what are Annuities, and how can you use them? 🎯 Work with me 🎯 I am a Chartered Wealth Manager providing financial planning services in the UK. If you would like to find out more about working with me, please follow this link: (LIMITED AVAILABILITY) Compare Annuity Quotes (Money Helper) : Cashflow Planner: DISCLAIMER: This channel is for education purposes only and does not constitute financial advice - James is not responsible for investment actions taken by viewers. Please seek out a regulated advisor if you require assistance (whilst James is a financial adviser, he does not provide advice through this Youtube Channel, which is not affiliated with his employer). James Shack™ property of James Shackell Copyright © James Shackell 2023. All rights reserved. The author asserts their moral right under the Copyright, Designs and Patents Act 1988 to be identified as the author of this channel and any video published on it. 00:00 The Problem 0:52 The Example 02:48 The Solution 4:09 How To Create a Guaranteed Income For Life 6:06 Why Annuities are Better 08:18 How To Use Them Effectively...(read more)
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Retirement planning can often be a tricky and daunting task, with many different strategies advocated by professionals. However, there's one approach to retirement that has been commonly dismissed by many, but is quickly becoming more popular: the "FIRE" movement. The term "FIRE" stands for Financial Independence, Retire Early, and the movement promotes a strategy that emphasizes saving an incredibly high percentage of one's income in order to attain early retirement. At first glance, this approach may seem unrealistic and too extreme. Many critics argue that successfully following the FIRE strategy requires a significant amount of luck, a high income, and a willingness to live frugally, often at the expense of having fun during one's prime years. Despite these criticisms, the FIRE movement has gained thousands of followers, along with a growing number of success stories. The movement has become so popular that there are now countless blogs, podcasts, and online forums devoted to sharing tips and success stories. One of the main principles of the FIRE movement is saving a large percentage of income, often as much as 50% or more. This is achieved through cutting expenses, living frugally, and finding creative ways to save money. Another important aspect of the FIRE strategy is investing aggressively in the stock market, with the aim of generating significant returns that can be used to cover living expenses during retirement. This requires a willingness to take on risk, but in many cases, this high-risk approach has paid off handsomely for those who've followed it. Perhaps the most appealing aspect of the FIRE movement is the idea of achieving financial independence at a relatively young age, often in their 30s or 40s. This can be incredibly freeing, as individuals are no longer dependent on a traditional career track and can instead focus on pursuing their passions and interests without the stress of a traditional job. While the FIRE strategy certainly isn't for everyone, its popularity is rapidly growing as more people are looking to take a more proactive approach to retirement planning. At its core, the FIRE approach is all about living below one's means, investing wisely, and prioritizing long-term financial goals over short-term pleasures. Regardless of whether or not you decide to follow the FIRE strategy yourself, the underlying principles it promotes – saving more and investing wisely – are ones that can benefit almost anyone looking to achieve financial independence and a comfortable retirement. https://inflationprotection.org/the-retirement-strategy-that-was-disliked-by-all-but-is-now-considered-powerful/?feed_id=105001&_unique_id=647f59182f3cd #Inflation #Retirement #GoldIRA #Wealth #Investing #annuity #howtoretire #pensions #Retirement #retirementincome #retirementplanning #RetirementAnnuity #annuity #howtoretire #pensions #Retirement #retirementincome #retirementplanning
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