Retirement INCOME Planning

Your FIRST GOAL In Retirement Planning

 Short VIDEOS

Foundation for Retirement Income Planning

Social Security Benefits & 3 Things You Must Understand.

Your FRA & Social Security

Your first step to understanding your Social Security benefits, timing & benefit amounts starts with understanding your FRA (full retirement age)

The Better Bank CD; MYGA

Bank CDs have been used by many as a great place to put your assets for... Safety - Guaranteed Growth - No Fees. BUT, did you know there is an even better option that provides ALL THIS AND MUCH MORE?

Why Retirement Income Plans FAIL... And What To Do About It NOW!!! Part 2 of 2

Why Retirement Income Plans FAIL... And What To Do About It NOW!!! Part 1 of 2

Guaranteed Lifetime Income with Growth

video by Nationwide

 Retirement Distribution

Answer this… What is your retirement withdrawal strategy?

What is the best way for you to pull income during retirement is the hardest question in retirement planning - for most.

“How much can you safely withdraw from your savings every year without running out of money during retirement?”

There are several strategies that are being used; RMD, Fixed-Dollar, Buckets, Systematic, Life-Path, etc. However, the default strategy is by far the “4% Withdrawal Strategy”. And chances are it’s the strategy your in.

The difficulties with these Strategies are…

  • You don’t know how long you’re going to live

  • You don’t know what rate of return you’re going to get

  • You don’t’ know how much you can safely withdrawal

Withdrawal strategies, especially the 4% Withdrawal strategy are based on projections and probabilities. They can not offer any guarantees because they are dependent on investment outcomes.

The 4% determines how much of your assets can be safely withdrawn to help supplement your retirement income needs. A major problem with the 4% strategy is that it is outdated for today’s financial climates. In 1994 Morningstar tested and ran simulations that supported a 90% probability of success of taking 4% withdrawals over a 30 year period. However, in 2013 they revised their strategy to 2.8%. This ultimately means, adjusting your retirement lifestyle to meet the lower income or pull from more assets to make up the difference. Read Morningstar report here.

$100,000 @ 4% withdrawal = $4,000.

$100,000 @ 2.8% withdrawal = $2,800.

$145,000 @ 2.8% withdrawal = $4,000.

 We help folks organize and establish a distribution strategy that’s built on guarantees and meets the 3 critical components of Successful Retirement Income Plans; Predictability - Longevity - Efficiency.

Still Have Questions? Want To Learn More?

Retirement Income Planning - Request

Taking the “awareness” of a retirement strategy to “understanding” how it may help you reach your retirement goals.

The conversation & resources are always free.