Annuities, Risk, And The Art Of Managing Wealth For A Secure Retirement With Stephen Kates

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About Stephen Kates Stephen Kates is a Certified Financial Planner with over 15 years of experience in wealth management and financial planning As the Principal Financial Analyst for Annuity org and RetireGuide com he offers strategic insights on market trends and investment strategies Stephen is also the Founder of Clocktower Financial Consulting LLC and has previously served as Head of Financial Planning for Advisor com His expertise has been featured on major media platforms including Fox Business CBS News and Newsweek In this episode Shawn and Stephen Kates discuss The importance of risk management in retirement planningBalancing growth and stability in retirement incomeThe growing role of annuitiesFinancial literacy s role in retirement successKey Takeaways Managing risk in financial planning is crucial as retirees who are overly exposed to high-growth investments may face significant emotional and financial stress during market downturns requiring careful reassessment of their portfolios Essential expenses in retirement should be safeguarded by guaranteed income sources such as annuities or Social Security to reduce the reliance on volatile markets allowing retirees more confidence in maintaining their financial security Those who are approaching retirement should focus on adjusting their strategies by balancing growth with protection ensuring that their retirement portfolios offer both flexibility and stability during uncertain economic times Financial literacy is an indispensable tool for making informed financial decisions as people must be able to identify reliable information and avoid the pitfalls of misleading advice or scams in an era of overwhelming digital content Having some level of financial literacy is going to allow younger people to not go down some road get scammed you know do something silly Stephen Kates nbsp Connect with Stephen Kates nbsp Website www Annuity org amp www StephenKates comLinkedIn www linkedin com in stephen-kates-cfpGet a free copy of Shawn s book The Priority of Retirement here- https www retirewisepro com the-priority-of-retirementContact Shawn Website- https www retirewisepro com YouTube- https www youtube com channel UCiIMGdosN-snkV5gFt7FRSgLinkedIn- https www linkedin com in shawn-maloney-retire-wiseInstagram- https www instagram com retirewise llc Facebook- https www facebook com ShawnMaloney RetirementPlanning Audio production by Turnkey Podcast Productions You re the expert Your podcast will prove it