As you near retirement, your goals and needs change, which means that your financial and retirement plan must be flexible enough to accommodate these changes. In this segment of Right on the Money, Bob Duchin, president of Robert J. Duchin and Associates discusses this phase of financial planning as his clients begin to make the turn to the Back Nine. Often this includes reevaluating life insurance policies, assessing the value of disability insurance and having honest conversations about the amount of risk his clients are comfortable within retirement. With clients who aren’t comfortable with risk, Bob recommends fixed index annuities that protect from downside risk while offering continued income.
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