Income Planning
The day that you retire, you transition from a savings and accumulation phase of life into a spending and distribution phase. This creates a unique set of pressures and stresses that are much different than your accumulation days.
Retirement income planning includes the following key areas:
- How much income can you draw from your investments today, while minimizing the risk of running out of money tomorrow?
- How much income can you draw from your life’s savings?
- When should you draw Social Security benefits?
- How can you position your investments to provide for your income need?
- How do you protect your income against inflation?
- How can you create stable, increasing income that can last no matter how long you live?
- How should tax planning affect your income strategy?
- How can you protect your income from bear markets and corrections?
- Understanding the complicated rules for Required Minimum Distributions from your retirement accounts