Retirement Income
Confidently Enter Your Next Phase.
Retirement isn’t the one-time event most people think it is. If you’re lucky, it’s a multi-faceted and (hopefully) long stage of your unique journey, and there are just as many twists and turns as during your working (income) years. Importantly, you want to ensure that when you enter retirement, you are appropriately positioned so that your money hangs around longer than you do.
That’s why it’s so necessary to have a formalized monetary distribution plan that mitigates timing and inflation risks and builds in protection against longevity risks.
- Timing Risk: Market swings during your working years are stressful, but it’s a different story altogether when we retire and start drawing income from our investments. A distribution plan can help mitigate timing risk by choosing the right mix of investments to help limit your risk exposure.
- Inflation Risk: The effect of rising prices can threaten your standard of living when inflation eats away at the value of each dollar. Understanding how much your dollar will buy today versus how much it will buy in 10, 15, or 20 years is an important part of the planning.
- Longevity Risk: This is the easiest risk to understand; with lifespans getting longer and longer, it’s especially important to have a strategy designed to create a pool of money you can’t outlive.
We’ll work with you to determine your expectations for the kind of lifestyle you expect to maintain during your retirement years. With a deep understanding of all the various risks involved, and incorporating the various components that will comprise your retirement income stream, we’ll put together a comprehensive plan tailored to your specific needs.