Retirement Income Planning

Income distribution planning is the process by which the wealth you built during your asset accumulation years is paid out to you during your retirement, known as the distribution phase. The strategies that you used during the accumulation phase are very different than the strategies that you would use during the distribution phase. The assets from which you expect to create a vital stream of income during retirement face risk from economic turmoil, interest rate uncertainty, and market volatility. It is important to correctly position your accumulated assets into a series of investments at retirement that is designed to provide you income for your lifetime.

To address this, we use the NextPhase™ Retirement Income Planning Process, a time-segmented, inflation-adjusted strategy designed to help you find a balance of investment choices with different, complementary risk and growth opportunities.

Social Security retirement benefits help provide lifetime, inflation-adjusted income. Combined with your retirement savings, plus any pension benefits you may receive, Social Security may serve as an important component of your overall plan for retirement income. As you approach retirement, you will likely have a number of questions regarding Social Security. How much will your income benefit be? How can you maximize your benefits? When should you begin taking Social Security?

We understand the complexities of Social Security and can address your questions. Through Social Security Wise, we can help you evaluate your opportunities for increasing your Social Security benefits and develop a strategy for claiming Social Security benefits that may result in additional retirement income.