It’s been suggested that your retirement INCOME goes a long way in helping determine your retirement OUTCOME. This why your retirement income is where we start the planning process. Whether you are 10 years away from retirement, or 10 years into retirement, we always begin with a retirement income assessment.
DO YOU HAVE ENOUGH?
WHAT IS ENOUGH?
If someone were to ask us what we do for our clients, it would boil down to helping them answer one seemingly simple question:
The process of formulating a predictable income stream with the goal of long-term sustainability is something we address utilizing the Asset-Cycle Portfolio System®. It may sound fancy and complicated, but our clients find it to be “so simple, it’s profound.”
We’ve found that our clients enjoy the confidence that comes from knowing where their next retirement paycheck will come from.
You need a retirement income that can lost as long as you do.
Healthcare, food, utility costs - good planning may help keep your stress from rising with them.
If you can't beat them, find options that can help you manage them.
Is it up? Is it down? You'll need strategies that can lessen its impact on your future income.
The great news today is that we’re living longer and have more time to spend with loved ones. But longevity also comes with the challenge of maintaining your current lifestyle in retirement without outlasting your savings.
Will you be ready for a retirement that can easily last into your 80s, 90s, and maybe even 100s?
Consider a plan for generating retirement income that can last through your retirement.
The cost of healthcare is arguably one of the biggest financial issues facing Americans today. And it’s an even bigger concern in retirement when health issues may be more likely to arise.
In fact, it's estimated that an average, healthy, 65-year-old couple will need $245,000 to pay for medical expenses for the remainder of their lives.1
And then there's inflation, cutting the value of your money in half every 22 years. So if you're 45 today, you can expect to see prices double not once but twice during retirement.2
Healthcare, food, utility costs–good planning can help keep your stress from rising with them.
1 Fidelity Benefits Consulting, Estimated Health Costs in Retirement Rise, 2015
2 Based on an inflation rate of 3%. Actual inflation rates may fluctuate over time
Although taxes today are relatively low across all income brackets, there’s a chance that taxes will increase since the U.S. national debt is over $19 trillion.3 The national debt could also have a ripple effect on state and local taxes if government subsidies are reduced.
Taxes cut into your investment base and take a bite out of your retirement savings.
Strategies with tax-efficient growth opportunities can help keep more of your money invested and working hard for your future.
3 www.usdebtclock.org, accessed July 2016
Dealing with the ups and downs of the market is a natural part of investing. It can be a challenge to stay on track with a long-term plan through periods of market volatility. You may overreact to near-term events rather than relying on the strength of the market to perform over time.
Market volatility can prompt you to search for more conservative investments to help protect your retirement income, often at the most inopportune times. And low interest rates on traditionally safer options–such as savings accounts and 6-month Treasury Bonds–can make it tough to produce enough income for retirement.
The challenge is finding opportunities for growth with strategies that don’t put your future retirement income at risk.