Allan H. Densmore is a retirement Consultant helping individuals establish comfortable financial futures. He encourages individuals to utilize the secondary market for income streams after retirement occurs. Rather than endorsing an all-or-nothing approach to retirement, consultants like Allan H. Densmore place emphasis on secondary income streams to supplement existing windfalls and pensions. These streams include:
1. Social Security Benefits. Although the program is projected to fall short in the long term, it is not likely to disappear completely. Those nearing retirement may need to make adjustments, such as receiving benefits later, but retired individuals will still receive some amount of money.
2. Utilizing discounted Income Contracts for much higher income than that normally provided by the high priced Retail Annuities. Never again use Retail Annuities sold on the open market through agents and brokers.
3. Increase your income on your short term money or safe money by utilizing 4% – 5% interest rates from First Position Commercial Mortgage Notes.