Michelle Boyce discusses guaranteed income streams  

Listen to the interview on the Business Innovators Radio Network: https://businessinnovatorsradio.com/interview-w-michelle-boyce-ricp-vp-w-rosenzweig-financial-services-discussing-guaranteed-income-streams/  

Michelle Boyce, Vice President of Rosenzweig Financial Services, to discuss the powerful concept of guaranteed income streams. With 20 years of experience in the financial industry, Michelle shares her journey into financial services, emphasizing her desire to help others and the lack of financial education available to the public. The conversation highlights the importance of understanding financial principles, including taxes and savings, and the positive impact that informed financial guidance can have on individuals’ lives.  

The Importance of a Guaranteed Income Stream for Retirees 

A guaranteed income stream is a vital aspect of financial planning for retirees, offering the financial security and peace of mind necessary to navigate their retirement years. This concept is especially relevant in today’s economic climate, where market volatility can significantly affect investment portfolios. 

One of the primary advantages of a guaranteed income stream is that it provides retirees with a reliable source of income to cover essential expenses. As Michelle explains in the podcast, a guaranteed income stream functions like a paycheck that retirees can depend on each month, independent of market fluctuations. This reliability is crucial, as many retirees rely on a combination of Social Security and their investment accounts to fund their lifestyles. 

Consider two hypothetical retirees: 

• Person A relies solely on their investment portfolio and Social Security, facing the uncertainty of market performance. This can lead to anxiety about how much they can withdraw each year without depleting their savings. 

• Person B, in contrast, allocates a portion of their assets into a guaranteed income product, such as an annuity. This strategy allows them to create their own “pension,” ensuring a consistent income for life, regardless of market conditions. 

Michelle shared: “For the past 20 years I have been helping individuals plan and save for their retirement.  I am excited for the opportunity to reach more people and have that same positive impact so they can have the peace of mind they are doing things correctly for their own goals and dreams.” 

By securing a guaranteed income stream, retirees can cover fixed expenses such as property taxes, utilities, and groceries without worrying about the ups and downs of the stock market. This financial stability enables them to focus on enjoying their retirement rather than stressing over their financial situation. 

In addition to financial security, a guaranteed income stream offers retirees peace of mind. As Michelle points out, knowing that a portion of their income is guaranteed allows retirees to take more risks with their remaining investments. This flexibility can lead to better growth opportunities, as they are not solely dependent on their investment returns to meet essential needs.

Moreover, the peace of mind that comes from having a guaranteed income stream can significantly enhance a retiree’s quality of life. They can engage in activities they enjoy, such as traveling or spending time with family, without the constant worry of whether their investments will perform well enough to sustain their lifestyle. 

About Michelle Boyce 

Michelle has over 20 years of experience in Financial Services and her main goal is to always focus on her client’s long-term financial planning strategy to optimize retirement income. She prides herself on analyzing a financial situation, finding any potential issues, and creating adequate solutions to ensure her clients’ prosperous future. With her extensive insurance and planning experience, Michelle adds great knowledge to the already specialized team at RFS. 

She has worked in various capacities in the financial industry from being part of top producer teams to teaching new financial advisors through agency leadership. Michelle’s passion is to help educate consumers by taking complex financial strategies and explaining them in an easy way to understand the concept. Michelle is originally from Pittsburgh, PA, and a graduate of Penn State University in Business. 

She now resides in Boynton Beach, FL with her husband Rob, their two daughters Olivia and London, and their three pets. When Michelle isn’t working with RFS’s clients or spending time with her family, she is likely exercising or on her Peloton, competing her way to the top of the leaderboard. Michelle has always loved sports, and she grew up playing basketball, volleyball, and softball. While living in Pittsburgh, she became part of Steeler Nation, and that devotion has carried with her to South Florida. 

Michelle joined Rosenzweig Financial Services in October 2021 as Vice President, specializing in the professional marketplace. 

Learn more: https://www.rfsny.com/ 

Registered representative of, and securities and investment advisory services offered through Hornor, Townsend & Kent, LLC (HTK), Registered Investment Adviser, Member FINRA/SIPC, 1 North Federal Hwy, Suite 201, Boca Raton, FL 33432. 561-314-3100, http://www.htk.com. HTK is a wholly-owned subsidiary of The Penn Mutual Life Insurance Company. Rosenzweig Financial Services is unaffiliated with HTK. HTK does not offer tax or legal advice. Always consult a qualified adviser regarding your individual circumstances. Retirement Income Authority is not affiliated with HTK