Retirement Income Planning should be a written plan. Having money in a retirement account, IRA, 401K, or a managed brokerage account isn’t a plan. The plan comes in when we coordinate our available assets, map out exactly how much income we will need in retirement, and then take action steps to implement that plan. The most common concern that retirement aged clients come to us with, is that they don’t want to run out of money. We understand and share those concerns and will provide you with options that address common areas of concern such as:

  • Asset Conservation- Protecting your nest egg is one of the most important pillars of a sound financial plan.
  • Retirement Income-Whether utilizing a Fixed Index Annuity (FIA), dividend paying stocks or real estate, all options must be on the table to formulate a consistent stream of income in retirement.
  • Distribution Strategies- If you are lucky enough to have pension options, we must analyze all available choices including pension drawdown. Beginning at age 72, the government will require that you to comply with required minimum distributions (RMD’s). This is a crucial time to strategize for sequence of returns risks.
  • Legacy Planning- We help you to get your documents in order and have a clear plan for how your wealth will transfer, avoiding tax and inheritance pitfalls along the way. This type of planning should remain on-going to meet life’s changes throughout your retirement.
  • Social Security Taxation- We must consider the many filing strategies with Social Security maximization in mind.

Our process is simple and proven. We define a successful Retirement Income Plan by guaranteeing income will be there as long as you and or your spouse are alive, while taking necessary steps to minimize these risks. With the proper income planning, you can feel secure knowing you’ll be able to live the dreams that you’ve been all along.

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