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Founder & President,
Boston Independence Group Inc.
Gerry Dougherty is the founder and president of Boston Independence Group Inc. He is an Investment Adviser Representative and a licensed insurance professional. He has a bachelor's degree in economics from the University of Massachusetts at Amherst and holds a certificate in Financial Management and Leadership from The American College and Pennsylvania State University. Dougherty is also a graduate of the Massachusetts State Police Academy and served as a police officer for five years. He hosts a weekly radio show called "Uncomplicated Money" and recently published his first book, Uncomplicated Money: Retirement Is Within Reach.
A steady stream of income can give retirees worried about stock market downturns a reassuring sense of stability.
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With the Dow soaring past 20,000, some retirees may feel the urge to buy. But at this stage of the game, they could be putting their retirement at risk.
If you don't need the income, this strategy can help you create more wealth to leave your loved ones.