When the stock market fluctuates – or unexpected changes happen to tax laws - many retirees begin to feel their confidence eroding in their financial security. Jacob’s Financial Services aims to address these concerns by offering strategies to protect retirement income. Founder and CEO Tom Jacobs, alongside Keyona Williams, a familiar face at the company’s events, shared their insights on ensuring financial stability in retirement.
“The biggest blind spot is having the majority of your retirement assets parked in the market where you’re subjected to market volatility and risk,” said Williams. She advocates for strategies that guarantee income regardless of lifespan.
Jacobs expanded on this by emphasizing the shift from growth to protection. “There comes a day for every family when that no longer is the focus, and the focus now becomes, ‘Hey, I’ve worked a long time. I need to protect what I’ve worked so hard to grow,’” he explained. Jacobs recommends the use of annuities, specifically fixed index annuities, to create income guarantees without the associated risks and fees of market investments.
For information on protecting your retirement nest egg – or to take a retirement readiness quiz, click the video above or visit jacobsfs.com. You can also call 248-692-4996 for a free one-page retirement snapshot.