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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.
You can learn more about this topic at www.thegrangaardstrategy.com.
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