Income Planning

Whether your retirement journey has just begun or is already well underway, there is probably one concern with which you are very familiar: will you have enough retirement income to afford the lifestyle you want?

 

Creating a financial strategy capable of satisfying your income needs throughout the entirety of your retirement is the ultimate goal, and challenge, of retirement planning. Let us help you overcome this obstacle and achieve your retirement dreams!

 

There are three major phases of Retirement Income Management:

  • The Accumulation phase
  • The Distribution phase
  • The Preservation or Transfer phase

 

We will work with you to help you uncover the various opportunities and concerns of each phase. Additionally, we will walk you through the process of:

  • Determining how much retirement income you will need.
  • Estimating how long your current income plan may last.
  • Calculating how much additional income you may need.
  • Evaluating your additional income sources.

 

When developing a plan, we will look at all the major elements involved in income planning, including growth, income streams, flexibility and preservation, to help you develop the plan that best satisfies your interests, goals, and objectives.

 

Because taxes play a major role in any planning process, we will also consider the various tax advantaged retirement savings vehicles that currently exist to help you accomplish your long-term income goals including:

  • Traditional IRAs
  • Roth IRAs
  • 401(k)s
  • IRA Rollovers

 

Remember, you have options regarding the future of your retirement funds when you leave your employer. And while the options may seem a little overwhelming, we are here to help you make sense of it. We will work with you to look through your rollover options and decide which strategy may be the best for you.