Durable Retirement Income: What It Is and Why It’s Important
Durable Retirement Income: What It Is and Why It’s Important
When reading about retirement income, you may see the term “durable” used. In this context, durable refers to retirement income that you can’t outlive, that the market can’t take away, and that will not erode.
Durable income can be a key part of your retirement strategy and financial planning.
Examples of durable income include Social Security and or pension income.
For the income to be “durable,” there must be guarantees that the investor can rely on for the production of that income.