Retirement Income
Planning
Building Income Ladders
In the first chapter of The Grangaard Strategy: Invest
Right During Retirement, Paul Grangaard, CPA, identifies
“Twelve Principles of Twenty-First-Century Retirement Investing”.
One of those principles is to Create Dependable Income for
the Rest of Your Life, and one of the tools to achieve that
principle is to “Use Income Ladders to Replace Your Paycheck.”
In the overview he gives about this principle, Paul writes:
“Creating Income Ladders is a key element in replacing your
paycheck during retirement while also protecting yourself
against some of the problems your ultraconservative friends
may be running into. Income Ladders can be constructed in
many ways-but they almost always use fixed-income investments
to provide the income and liquidity you lose when you stop
working. You can use a variety of different investments such
as single-premium immediate annuities, bonds, or CD’s—but
whatever products or investments work best in your own circumstances,
Income Ladders are a tool you can use to provide the safe,
steady, dependable income you need to replace your paychecks
in retirement. Income Ladders will probably be a vital part
of your retirement.”
The book teaches one how to manage a retirement portfolio
and to use Income Ladders to ensure a predictable lifestyle.
Most important this strategy produces a plan to enjoy the
comfort, control, and flexibility a person might be looking
for, so that person can sleep better at night—and live better
during the day.
Paul A. Grangaard, CPA, is a nationally known, award-winning
speaker and author on retirement planning. He is a founding
shareholder and president of Financial Education, Inc., a
company dedicated to educating consumers and professionals
about managing money during retirement. Prior to starting
FiED, Mr. Grangaard spent more than seven years as a CPA with
both local and national firms and four years as a corporate
financial analyst with mid-sized Fortune 500 companies. He
is a graduate of the Business School of the University of
Wisconsin-Madison.
Claystar Agency, Inc is prepared to assist in the process
of building a sound Retirement Income Planning strategy, and
much of that strategy has been developed through Mr. Grangaard’s
teaching.
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