How to create more income for retirement - Let's Get Down to Business

There are two fundamentals to retirement: securing guaranteed lifetime income and maximize Social Security benefits. Both of these income sources should have annual cost of living increases to keep up with rising inflation on domestic expenses that occur in retirement.

Lifetime guaranteed income can be generated from annuity products like single premium immediate annuities, deferred income annuities and guaranteed lifetime withdrawal benefit riders attached to annuities. Generally, these annuity product lines offer a cost of living adjustment rider at differing annual rates of increase.

Syndicated financial columnist and talk show host Steve Savant interviews author, platform speaker and PBS television media guest Tom Hegna, CLU, ChFC, CASL. This is episode 3 of 5 in the series, Don’t Worry, Retire Happy from Tom's PBS Special. Tom's books: Paychecks & Playchecks, Retirement Income Masters and Don't Worry, Retire Happy. http://youtu.be/KzSqcAVlKEE

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