Core Insights - Retirement planning for older adults often focuses on income stability rather than growth, addressing concerns about financial security and the fear of outliving savings [3][4] Group 1: Financial Situation of Older Adults - Many older adults, like Jake, may appear financially secure with multiple income streams but still feel uneasy about their future [2] - Monthly expenses for older adults can be significant, with Jake facing $7,000 in expenses, including mortgages and maintenance [2] Group 2: Strategies for Financial Security - Evaluating rental properties is crucial; determining cash flow after expenses can inform whether to keep or sell properties [4] - Reassessing annuities can lead to better financial products; transferring to lower-fee or higher-earning options may be beneficial, especially after the surrender period [5] - Leveraging real estate income by paying off mortgages can reduce monthly costs, allowing for a more stable income stream [6]