Retirement Income Recipe
By Jeffrey R. Karp, CLU®, ChFC®, CASL®
One of the “early in life” messages we get from our parents- Get a job if you want to be able to buy things. They did not call it an income stream but that is really what it was. This single message formed the connection between a job and spending, which continued throughout our working career. Some people can be driven off this message by life events like a temporary job loss or a need to care for family/friend, but there is never a question about the goal for re-employment. The reliability of a paycheck keeps the focus on accumulating wealth not on the fear of income flow.