Income Planning

Know Where Your Money Will Come From in Retirement

Planning income strategies is not just for the super wealthy. All soon-to-be retirees need to build an effective plan which accounts for their lifestyle, future wishes, and endeavors. Preparing for bumps in the road that come with growing older is another key factor in planning on income to last you throughout retirement. Fixed-income products provide steady lifetime income and can be used to ensure safety in your income and retirement investments. People are living longer… are you prepared to fund 25-30 years of retirement income?

Customized Income Strategies

Develop a retirement income plan tailored to your lifestyle, future goals, and financial needs.

Longevity
Planning

Prepare for the possibility of funding 25–30 years of retirement by creating sustainable income streams.

Fixed-Income
Solutions

Explore options like annuities and other fixed-income products to provide steady, reliable income for life.

FAQs

What is a retirement income floor?

An income floor is guaranteed monthly income — Social Security, pensions, and annuity payments — that covers your essential expenses for life, regardless of what markets do. Once essentials are secured, your remaining portfolio can stay invested for growth without jeopardizing your lifestyle.

It depends on health, marriage status, and other income. Claiming at 62 permanently reduces benefits about 30% versus full retirement age; waiting until 70 increases them 8% per year past full retirement age. For married couples, coordinating both spouses’ claims often adds tens of thousands in lifetime benefits.

Common approaches include systematic withdrawals (like the 4% guideline), bucket strategies that separate near-term and long-term money, and annuitizing a portion for guaranteed income. The right mix depends on your expenses, other income sources, and tolerance for market risk.

It’s the danger of taking withdrawals during a market downturn early in retirement. Losses plus withdrawals compound, and the portfolio may never recover even if markets do. Income planning reduces this risk by covering essentials with guaranteed income so you’re never forced to sell in a down market.

The traditional guideline is 4% of your portfolio in year one, adjusted for inflation — but the safe number varies with market conditions, your age, and guaranteed income sources. A personalized income plan replaces the rule of thumb with a withdrawal strategy built for your situation.

Please complete the form below to let us know more about how we can help you and your specific needs.

We offer flexible meeting options – at our offices or at the comfort of your home.

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