Guaranteed Income Strategies for Retirement | Retirement


A major retirement fear is running out of cash too soon. Having a steady stream of guaranteed income can curb the odds of retirement funds running low. Setting up guaranteed income can give you peace of mind that you will be able to cover any retirement financial shortfalls.

Retirees will need an abundance of guaranteed income to cover 20 or even 30 years of household costs in their golden years. “The greatest fear of retirees and near-retirees is running out of money in retirement,” says Robert Johnson, a finance professor at Heider College of Business at Creighton University. “This is exacerbated by the fact that human longevity is increasing.”

What Is Guaranteed Income in Retirement?

Guaranteed income is a steady and reliable flow of cash that a retiree can count on to cover some or even most household income needs in retirement. Funding that income is harder to do the longer you wait. The most effective guaranteed income streams are launched well before retirement age.


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