RETIREMENT INCOME

When I first started in the insurance and financial industry over 20 years ago, most of the people I sat with were saving and planning for a future day that they hoped someday would come…. Retirement!

Of course, we know that retirement is not really an age.

It means ‘stop-working’, not ‘stop living’.  Living well in retirement often means having an income that you can’t outlive. It also means protecting what you’ve saved from unnecessary downside risk.  We work very closely with clients to make sure they understand the importance of not only having retirement accounts but having a well-maintained retirement plan.
Over the past decade, we’ve seen and helped our valued clients transition from the accumulation phase of their working years to actual retirement, where they are accessing income for the rest of their lives.

The distribution phase of retirement is a time where it is important to get it right.  There are numerous risks that retirees face- including longevity risk, inflation risk, market downside risk, healthcare expense risk, and others.

We look at the primary sources of income which are typically Social Security, Individual & Company Retirement Plans, and Pensions to come up with an income strategy that maximizes income, while reducing *taxes if possible, and minimizes risk.

*We do not provide tax advice. Please contact a CPA or other tax professional to review your own unique situation.