Reported 11 months ago
A couple in their 60s is planning for retirement, with one spouse already retired and the other about to start Social Security. They own properties, have investments, and are seeking ways to protect their assets. The husband applied for a HELOC for asset protection, but the advisor suggests exploring annuities and diversifying investments, along with considering governmental protections like SIPC and FDIC. Recommendations include evaluating the rental property, optimizing Social Security benefits, and making informed financial decisions to secure retirement income.
Source: YAHOO