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4 Legs of Retirement Income

Financial advisors used to refer to retirement income as a “three-legged stool.” This meant that the stool was supported by:

  • (1) Social Security benefits,
  • (2) an employer pension plan or other employer-sponsored plan and
  • (3) personal savings/investments. Today, retirement income is less reliable because fewer employers offer pensions, and employees have not been able to save as much due to stagnant wages and high levels of debt.

One approach to building a retirement income strategy today is to visualize it as a “four-legged stool.” This is comprised of the three components mentioned above, plus a guaranteed income annuity. To create that fourth leg, an individual may need to reposition a portion of funds from other retirement accounts. However, while the retirement stool may be shorter than in years’ past, that fourth leg can help offer a bit more stability and confidence in your retirement income plan.

 

The content provided here is designed to provide general information on the subjects covered. It is not, however, intended to provide specific legal or tax advice.  Contact us at info@securedretirements.com or call us at (952) 460­-3260 to schedule a time to discuss your financial situation and the potential role of investments in your financial strategy.

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Ryan Keapproth

Ryan Keapproth

Financial Advisor

Ryan is dedicated to serving clients to achieve their retirement goals. Ryan’s holistic approach centers on wealth management strategies with a focus on income planning throughout retirement. As a Financial Advisor, Ryan is an Investment Adviser Representative (IAR), life and health insurance licensed and a Certified Tax Preparer. Ryan is a graduate of the University of Minnesota, with an Accounting and Finance major.​

Ryan is a lifelong Minnesotan originally from Woodbury and currently residing in Bloomington with his wife, Riamae, and their rescue Terrier Beagle mix, Douglas. Ryan and his wife are avid travelers as Riamae is originally from the Philippines. Ryan describes himself as a major foodie enjoying new restaurants around the cities whenever possible. Ryan enjoys playing golf and poker. He is a sports fan especially when the Vikings and Timberwolves are playing. In his formative years, Ryan tended bar at various places including Mystic Lake and Running Aces in Columbus, MN where he met his wife.  

We’re glad to have Ryan part of the Secured Retirement family too!