Mehran Rad discusses the importance of guaranteed income in retirement planning
Listen to the interview on the Business Innovators Radio Network: https://businessinnovatorsradio.com/interview-with-mehran-rad-founder-president-of-r-ap-financial-discussing-guaranteed-income/
Guaranteed income is a crucial component in retirement planning as it offers regular direct payments without conditions or restrictions for the entirety of one’s life. Mehran Rad, the founder and president of R&AP Financial, emphasized the significance of guaranteed income in a recent podcast episode. He explained that guaranteed income, such as social security payments and pension benefits, serves as the foundation of an individual’s retirement plan. Unlike other sources of income that can fluctuate based on market performance, guaranteed income provides stability and peace of mind during retirement.
Mehran highlighted the importance of having a reliable source of income in retirement, especially considering the unpredictability of market fluctuations. He discussed how relying solely on retirement accounts invested in the stock market can be risky, particularly during market downturns. By incorporating guaranteed income into a retirement plan, individuals can ensure a steady stream of income that they cannot outlive, regardless of market conditions.
Furthermore, Mehran pointed out that guaranteed income helps alleviate anxiety and stress related to market volatility. By securing a portion of retirement funds in guaranteed income sources like annuities, individuals can mitigate the impact of market fluctuations on their overall financial stability. This approach allows retirees to focus on enjoying their retirement years without constantly worrying about their financial security.
Mehran shared “Guaranteed income means a program that provides regular direct payment to the individuals or households without condition or restrictions for as long as you live, meaning lifetime. And examples of guaranteed incomes most people are familiar with are social security payments and pension benefits.”
In conclusion, Mehran underscores the critical role of guaranteed income in retirement planning. By providing a reliable and consistent source of income throughout retirement, guaranteed income offers financial security, stability, and peace of mind for individuals as they navigate their post-employment years.
About Mehran Rad
Mehran Rad is an Investment Advisor Representative with a passion in helping retirees, and those approaching retirement, to avoid the common financial mistakes of retirement through comprehensive financial planning.
As a Fiduciary, Mehran works diligently with his clients to help them take control of their financial future through education and use of financial strategies designed to help them with the critical areas of retirement planning, including:
- Retirement Income & Social Security Planning.
- Tax Minimization Strategies.
- Investment & Risk Management Strategies.
- Estate & Legacy Planning.
Mehran started in real estate development and investment back in 1988 and has been in the financial service industry for the last 22 years. He is a graduate of Guilford College with a BS degree in Business and a minor in Economics. Mehran has passed the NASD Series 65 (Investment Advisor Representative) and has met all requirements for Life insurance and Long-Term Care licenses in several States.
Personal
Mehran grew up in Chapel Hill, NC and is a big Tarheels fan. Soccer has been a big part of his life as he played in college, and several years after. All three of his boys have played professionally for teams such as Sporting Kansas City, Hartford Athletic, Huntsville FC and Portland Timbers.
Outside of the financial world, Mehran enjoys walking, golf, hiking the Arizona trails, watching soccer, but above all, he loves spending quality time with his family.
Learn More: https://www.retirementap.com
