South Carolina Retirement Income: Guarantees Beat Market Risk

South Carolina Retirement Income: Guarantees Beat Market Risk

South Carolina is quickly becoming one of America’s favorite retirement destinations. With its mild climate, coastal charm, and low taxes, it’s no wonder retirees are flocking to places like Charleston, Greenville, and Hilton Head. But a beautiful location won’t protect your retirement nest egg from the ups and downs of the stock market. That’s where **guaranteed income strategies** come in.

According to a recent **McKinsey report**, retirees should aim for a **70/30 income split**:

* **70% from guaranteed sources** like **annuities and life insurance**
* **30% from market-based investments**

In a high-interest rate environment, this model not only makes sense—it’s essential.

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## The Hidden Risk in Retirement: Market Volatility

Many South Carolina retirees are entering retirement with most of their savings in 401(k)s and IRAs tied to the market. While the **average return** may be around **7.2%**, the actual **compounding growth rate** is closer to **5.77%**—and that’s **before inflation and taxes**.

Even worse, market downturns early in retirement can create a dangerous “sequence of returns” risk, reducing your portfolio faster than expected. A poorly timed bear market could shrink your nest egg in just a few years.

That’s why the **McKinsey model**—anchored in guaranteed income—offers a more **sustainable and stress-free approach**.

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## Why Annuities Make Sense for South Carolina Retirees

Today’s **higher interest rates** have made annuities much more attractive. Fixed and indexed annuities now offer better payout rates, **principal protection**, and **guaranteed lifetime income**—making them an excellent option for covering essential expenses.

### Key Benefits of Annuities in Retirement:

* ✅ Income that lasts as long as you live
* ✅ Zero exposure to stock market losses
* ✅ Customizable payouts for you and your spouse
* ✅ Can be tax-deferred for future planning

Whether you’re enjoying lake life in Columbia, the beaches of Myrtle Beach, or the historic charm of Charleston, **annuities provide a financial safety net** you can count on.

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## The Role of Life Insurance in Retirement Planning

Beyond traditional uses, **permanent life insurance**—such as Indexed Universal Life (IUL)—can serve as a **tax-free retirement income strategy**. It offers:

* Tax-deferred cash value growth
* Tax-free withdrawals via policy loans
* A death benefit for legacy planning

For South Carolina retirees who are focused on **leaving a legacy** or **maximizing income** while reducing taxes, life insurance can be a surprisingly powerful tool.

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## The Right Mix: 70% Guaranteed + 30% Growth

Instead of relying too heavily on the stock market, retirees in South Carolina should consider:

* 70% of income from **guaranteed sources** (annuities, life insurance)
* 30% from **market investments** for long-term growth

This model helps protect against **market crashes**, ensures your essential living expenses are covered, and allows your market assets to grow without the pressure of funding your monthly bills.

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## Why Choose Mintco Financial in South Carolina?

At **Mintco Financial**, we understand the unique needs of South Carolina retirees. We are **independent fiduciary advisors**—which means we only work for **your best interest**, not a big insurance company or brokerage firm.

Whether you live in the Lowcountry, Midlands, or Upstate, we’ll help you design a **customized income plan** that protects your assets, supports your lifestyle, and brings you peace of mind throughout retirement.

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