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Aria Retirement Solutions CEO David Stone on how investors can ensure income during their retirement.
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Interest rates at record lows and while the Federal Reserve may sink low rates or keep any kind of float they -- killing a lot of retirement accounts that's one drawback of these historically low rates.
-- -- retirement solutions CEO David Stone is -- ways to guarantee income for your.
Portfolio welcome T so there's this whole by Wells Fargo Gallup that found -- 13 of investors might actually have to postpone their retirement.
Because interest -- are so low and they're not getting any income.
Should we be worried about this.
Yeah serious problem there's been a confluence of events last several years.
Which have really -- our retirement planning people approaching retirement as well as people in retirement.
And so people who once thought they can retired 65 or even a seven you have to really rethink what their age of retirement as well as their.
Type of lifestyle in retirement -- -- fortunate.
Well David you have an instrument that you say guaranties.
Lifetime income.
In the in the survey now what when I hear words like guarantee income.
I think you know office sounds too good to be true it is too good to be true I can describe -- targeted approach you with a skeptical -- Yeah let me just start by telling you this that we're talking about an income guaranteed.
And people are -- with pensions and -- -- with annuities and essentially a pension is lifetime income annuity.
And -- definitely still a whole lot of second David until it's not -- -- some pensions go bust self correct you know nothing is Gary -- -- my point.
-- -- But dumb people understand how -- work as well and Munis have been around for a long long time.
And for certain segment of the marketplace.
Confers some investors it's a great product we also know there's a very small penetration revenue does the market place and why is that.
It's because they have on generally higher fees and -- the concept of giving the money to insurance company.
Where it got to -- do -- -- early you lose the money.
Is a major negative for most investors so would we carry have done in partnering with major insurance companies very strong insurance companies.
-- finally.
-- the technology to support the ability to.
Place this important income guarantee on investment accounts which people owning control.
And -- essentially build your own -- -- personal pension.
Which supported by -- top rated insurance companies but you manage their investments.
And the beauty of having this income guarantee -- account as you can invest more aggressively.
In equities and by doing so you address the inflation issue a healthy -- portfolio over time.
And hopefully live a long long time making work is not as -- love to.
David we thank you very much David Stone our investments if you're interested in this.
