Retirement Income Planning

Retirement Optimization Planning

Because Retirement Income Planning is very different from the planning one does when accumulating and getting ready for retirement, you need to understand these important differences to be able to recognize the potential changes to your current investment planning which might be necessary as you approach your retirement date. 

With our proprietary Retirement Income Planning process which is aimed to help you achieve Retirement Optimization as graphically represented in the chart above, you will be more confident in the decisions you've made and the after-tax income you will receive during your post-retirement years.

To learn more about our proprietary planning process, please click the button below to download the outline.

Retirement Income Planning Overview

With retirement often lasting 25 to 30 years or more, many of our clients are understandably concerned about outliving their savings.  To help our clients prepare for the retirement income they both desire and deserve, we help you leave as little as possible to chance by planning in advance and exploring all of your options.  To avoid a savings shortfall, it is critical to spend the time now to plan for you to have the capital necessary to afford the retirement lifestyle you desire. 

Retirement Optimization Planning Details

Our goal is to help you choose among the various tax planning, insurance and investment strategies for your specific situation in order to maximize your after-tax retirement income including: 

  • Recommendations regarding the most appropriate distribution strategy for your employer retirement plans and IRAs
  • Comprehensive review of your income tax return to highlight opportunities to help reduce tax liabilities such as:
    • Control Timing of Taxes
    • Tax Diversification
    • Tax Bracket Management
    • Tax-free Rebalancing
    • Proper Asset Location
    • Reduce Tax on Social Security
    • Reduce Medicare premiums
  • Review the possibilities of converting to a Roth IRA or the use of other tax-free retirement income strategies
  • Review and analysis of your:
    • Various guaranteed and non-guaranteed income sources, including social security
    • Current investment portfolio with an eye to to eliminate unnecessary fees and reduce market risk where possible
    • Planning to cover health related expenses including Long-Term-Care planning
  • Review of your Estate Planning documents to ensure they are up-to-date and meet your current needs, goals and objectives

Our Next Steps

Planning without at least some modeling to show and compare the differences between strategies is just guessing.  Planning without proper implementation is inviting failure.  Even a mediocre plan with proper implementation will beat the best plan that is poorly implemented.