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Retirement Income Strategies

South Carolina Business Review logo

For those of you who have been retiring over the past several years, finding a way to squeeze some decent income out of your retirement nest egg has probably been a challenge.  And now, maybe even more so with interest rates still low and a stock market that is seeing increasing volatility.

Mike Switzer interviews Chris Cabri, a certified financial  planner with Ameriprise Financial Services in Greenwood, SC.

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After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.