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#001 – How To Retire Happy And Use Caution When Entering The Retirement Red Zone

JANUARY 14, 2020

With approximately 10,000 Baby Boomers turning 65 each and every day in the U.S., many people are directly in the middle of their retirement red zone, hoping to retire happy, but not entirely sure how to do so. Unfortunately, for most investors, the only financial strategy that they’ve used to prepare for retirement is centered around accumulation and growth, rather than on “de-cumulation” and income. But here’s the catch – retirees live on income, not net worth. In order to generate the income you need during retirement, it is necessary to convert some – or even all – of your savings into an income stream so as to “replace” the regular paycheck you (and/or your spouse) brought in during your working years.

What are Your Sources of Guaranteed Income in Retirement?

In the past, retirees could often depend on lifetime income from several different sources. For instance, many employers offered a defined benefit pension plan. Retired employees could count on an income for life through these plans. In addition, a surviving spouse may also have been eligible to continue receiving benefits until the end of his or her life, as well. Another income source that retirees in the past could count on was Social Security. This income stream – which is funded by taxes from current workers – also provided a secure income source in the past. Plus, even if a worker’s spouse didn’t work outside of the home, they too could receive a spousal benefit from Social Security. Today all of that has changed, though. Over the past decade or so, most employers have done away with defined benefit pensions, and instead switched over to defined contribution plans – like the 401(k) – where the employee is the one responsible for generating future income. Without a viable plan in place, though, most investors won’t receive the amount of retirement income they are hoping for. Likewise, the Social Security program has been on shaky ground for many years now. With thousands of Baby Boomers entering retirement, coupled with fewer workers paying into the system, Social Security may or may not be a reliable income source in the future. That leaves many retirees to create their own “personal pension plan” using the savings that they’ve accumulated throughout the years. Without enough income, though, a happy retirement may not be in the cards.

Can Reliable Income Really Help You to Retire Happy?

As far back as the early 2000’s, research on retirement happiness has been conducted – and it has come to some interesting conclusions. For instance, according to retirement experts, “guaranteed lifetime income can make or break the lifestyle you have in retirement. It can mean living where you want to live, going where you want to go, and doing what you want to do instead of being constantly worried about spending a few too many dollars and running out of money.” So, how can you be sure that you have guaranteed lifetime income – even if you don’t have an employer pension and your Social Security benefits aren’t enough? One solution is an annuity. By nature, annuities are designed to pay out an income stream for a set period of time, or even for the remainder of your lifetime, regardless of how long that may be. Believe it or not, being able to rely on an ongoing income in retirement can not only help you to retire happy, but also to be healthier and to live longer. In fact, the Wall Street Journal concurs, stating that “the secret to a happier retirement is having friends, neighbors, and a fixed annuity.”

How to Create Your Own Personal Pension for a Happier Retirement

How can you create a reliable income stream to help you be worry-free and happy in retirement? Annuity Gator can show you how. In the very first Annuity Gator podcast, our CEO Terry Heys will take you on a walk down memory lane as we explore how the Baby Boomer generation has shaped our economy over the decades and what Boomers should do right now in order to stay healthy and happy during retirement. We will also go into much more detail about why it is absolutely critical for you to change your investing strategy when you enter into what many refer to as the retirement red zone. So, if your portfolio is within the 20 yard line, you’ll definitely want to tune in! Listen to the episode on Apple Podcast, Google Podcast, Spotify, Stitcher, or on your favorite podcast platform.

Why working with an annuity specialist can enhance your retirement income plan
    9:06 AM, 16 January 2020

    INVEST 25K TO 50K

  • Annuity Gator
    9:10 AM, 16 January 2020

    Hi John– Thank you for your message.
    We would be happy to provide you more details on deferred index annuities. In order to best support you, we would need some additional information from you. Rather than sending the info back and forth via email, it would be best to discuss it by phone. Please feel free to contact us directly, toll-free, at (888) 440-2468 to chat with one of our annuity specialists or visit
    We look forward to hearing from you.
    Annuity Gator

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