Episode notes
Are you planning to use the "old-school" retirement strategy of living off your interest? While "sweeping the interest" from a fixed annuity or CD worked great for previous generations, relying on it today could be a massive mistake for your retirement income.
In this video, Shawn Plummer from The Annuity Expert breaks down the critical differences between living off interest and utilizing a modern Guaranteed Lifetime Withdrawal Benefit (GLWB). Shawn explains the dangerous "renewal risk" associated with sweeping interest—showing exactly how a slight drop in interest rates could suddenly slash your retirement paycheck by tens of thousands of dollars.
Learn why adding a Lifetime Income Rider to your annuity is the ultimate solution, allowing you to lock in today's high payout rates for the rest of your life, completely eliminate renewal ...