In most cases, retirees will want to ensure they have generated enough income to make sure their principle is never touched.However, it is not uncommon to find that even with what seemed like proper planning, you will still increase the probability of eating into those necessary funds. To account for this, you will often find that retirees have invested in low-yield, short-term investments like money market accounts, savings accounts, checking accounts or treasury bills. These options will often provide a false sense of security because they seem like sound investments.

At Anchor Financial Group, we believe that your capital should be strong enough to outlive you and not the other way around. For this reason, we provide our retiree clients with the most well rounded financial plans possible to ensure they are able to enjoy their retirement without unneeded financial stress. More often than not, that means ensuring your current financial assets are working in your favor as soon as possible while still ensuring you have the funds not only needed to sustain your lifestyle but account for unforeseen medical issues or long-term care that may be needed.