Financial Planning

Prepare for retirement with income planning strategies

You’ve worked hard and now it’s time to enjoy life.  But planning for your retirement may require a shift in mindset.

What is the difference between retirement savings and retirement income? Prior to retirement, your financial life was dictated by your paycheck. Once you retire, however, you may no longer rely on a paycheck, which means you will be left to find other sources of income.

To begin, we will review and analyze where you are at in the three major phases in the management of retirement income:

• The accumulation phase
• The distribution phase
• The preservation or transfer phase

We’ll work with you to help you uncover the various opportunities and concerns of each phase.  Additionally, we can help you in several key processes so you can feel confident and most importantly, comfortable.

We will help you along the way through in-depth discussions and regular meetings. We will address:

• How much retirement income will you need?
• How long your current income plan may last?
• How much additional income do you need?
• What are your additional income sources?

Last, because taxes play a major role in any financial planning process, we will utilize tax advantaged vehicles to help accomplish your retirement income goals, such as traditional IRAs, Roth IRAs, 401(k)s, and IRA rollovers.