Income Planning
Since 1985, corporations have eliminated over 84,000 pension plans, and that number is increasing every year. (What Went Wrong, the Betrayal of the American Dream, Donald Barlett and James Steele.) Today’s retirement looks very different from generations past. Aside from Social Security benefits, many retirees have no guaranteed sources of income, but instead have employer sponsored 401(k) plans. It’s important to know what that 401(k) or IRA account translates into in terms of a guaranteed monthly paycheck.
Income Planning Analysis and Setup
Our solutions focus on more than just a rate of return on a portfolio; they focus on how to turn that nest-egg into the retirement of your dreams. This all starts with evaluating what your present situation is and then deriving a plan that can adapt to whatever comes down the road. Our team will work with you on answering the following questions:
What is the best option to take your pension?
Is it worth paying an insurance company to guarantee you an income stream?
How much risk do you need to take on to meet your income expectations?
Are there things we can do to also minimize certain costs such as taxes?
and more.
Let's schedule a meeting with one of our financial advisors and start evaluating your income plan. Click below on Request a 1-on-1 review and let’s get started!