A proper Product Allocation strategy – and not necessarily wealth – is the key to maximizing retirement income and helping to ensure it is sustainable for life.With Canadians facing many challenges as they transition into retirement, the traditional financial planning and investment strategies such as asset allocation play an important role in the wealth accumulation phase of investing, they may not be enough forthose who require income especially during volatile market conditions.
Investors face risks that can be mitigated by the features and guarantees offered by a variety of income generating investment products.Combining these products in the right mix can create a sound retirement income plan. This mix of investment products is known as Product Allocation.
Product Allocation involves placing investor’s assets in the right proportion into three distinct categories of products to ensure a sustainable retirement income and meet retirement goals.