This is the first blog post in a series that will provide you with 8 short videos to help you understand all your options on retirement. We want to equip you with all the information you need when preparing for retirement so you can make the best decisions. 

Before you think “retirement is a long way away” – STOP. This series is pitched at everyone. If retirement is creeping up on you, absolutely. But even if it feels a long way away, you are never too young to get educated on this subject matter.

So, what are we going to cover in this series?

First, we’re going to discuss how much cash you can withdraw from your retirement savings at retirement date. There are some important tax considerations here (don’t worry – we explain it nice and easy).

Next, we’re going to talk about what you do with the leftover savings. You might not necessarily be able to withdraw it all! If that’s the case, there’s going to be a lump sum left over that you can buy an annuity with. We’re going to discuss those options. 

At the end of this series, it is our hope that you’ll have enough objective information to be well-informed about ALL your options. 

There is no cost involved. Simply subscribe to our YouTube channel and you’ll have access to the entire series. There are only 8 videos in total. They range between 3 and 8 minutes, each. 

When it comes to preparing for retirement, you need to just start! That’s the best way to avoid getting into financial trouble later…

• How much cash do I take? – The first question you’ll ask at retirement is “how much cash do I take”? Let’s help you answer that with this 4 minute video.

• Living annuities – With living annuities, the most important thing is that you understand the implications of how much you’re withdrawing each year.

• Guaranteed annuities – Guaranteed annuities are essentially an insurance product. They guarantee you an income for the rest of your life!

• Different types of guaranteed annuities – Different types of guaranteed annuities give you different increases each year. Compare that to your starting income.

• Pros & Cons: Living vs Guaranteed – With a living annuity you have less certainty but more flexibility. With a guaranteed annuity you have more certainty, but with some limits. 

• The blended annuity – A blended annuity is a combination of a living annuity and a guaranteed annuity. The idea is to determine what your essential expenses are.

• Your retirement options – Let’s recap some of the key points to ensure you understand all your retirement options and make the best decisions with your money.