One of the most potentially useful tools a financial planner has is the ability to create some form of lifetime income for those who need it. In much the same way that a company could provide a pension to its employees, so may an advisor offer “pensionized” income as a way to provide guaranteed lifetime income to someone who might otherwise have none. This week’s episode of Managing Your Financial Future features one of our favorite guests, Chris Lloyd, CFP, who has some useful insight into how lifetime income works, and how to tell if it may be right for you. See omnystudio.com/policies/listener for privacy information.
