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Annuity Watch

Working Toward the Financial Kind of Independence

Long after the fireworks have burned out and the grill is shut down, “independence” is still on our minds - financial independence. Reaching retirement goals for this financial autonomy can be achieved with two things: balanced lifestyle and wise capital management.

Robert Powell writes in FOX Business that the trick is to spend less while you are still working. This includes gaining control over your debt, avoiding it, and saving all you can. "Think guarantees. Besides being smart about which assets go into which accounts, build guaranteed investments into your portfolio."

You also want to manage what you do have in ways to “produce the greatest after-tax wealth” as the article goes on to say. You need to be aware of your asset location, for example keeping your fixed-income investments that are susceptible to taxes within tax-deferred accounts.

Everyone hopes to have financial freedom and long-term health throughout retirement years. Increase the odds of obtaining both through not only taking care of your investments, but also yourself. Strong long-term care insurance, along with life, disability, property and casualty insurance will ensure you will be protected when the unforeseen occurs.