Retirement Income Planning

The essential retirement question is whether you will outlive your income. For you to outlive your income, your income must grow at least as much as the cost-of-living increases. This requires a plan that involves effective asset management as well as providing sound answers to questions such as:

  • Which pension option should you elect?
  • At what age should you claim your Social Security benefit?
  • How do you convert all your accumulated savings (401k, Roth/Traditional IRA, 403b, etc.,) into reliable and predictable monthly paychecks?
  • What rate of return do I need to ensure that I do not outlive my income?

The old proverb says that the best time to have planted a tree was 20 years ago. The second-best time is now. In other words, if you have not yet taken the time to map out what your retirement income strategy will look like it is not too late. Book a meeting to learn more about our retirement income planning strategies.