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Build An Income Plan Like A Pro

RETIREMENT ISN’T FOR SISSIES

Learn the five crucial rules that give you the best opportunity for building a successful income plan which could lead to a happier and more successful retirement by downloading our Retirement Isn’t For Sissies today!

The download is absolutely free and it may help make a difference in your financial future.

Retirement Isn't for Sissies

Retirement Isn’t For Sissies will be delivered to the email address provided

What You’ll Learn

The inflation adjusted income provided by Social Security makes it a significant retirement asset.   Especially with the decline of guaranteed pensions.  Because they had historically been a major income source, maximizing your Social Security benefits is a crucial foundation to building a successful income plan. Do you know when to file for benefits and which filing strategy best meets your needs?

Health care expenses are predicted to continue increasing.  Because of this, a health care strategy containing provisions to meet your health care costs, and possibly long-term care costs is also important.  According to a 2018 Fidelity study on Retiree Health Care Cost Estimate, a 65-year-old couple who retired in 2019 should expect to spend $285,000 in health care and medical expenses throughout retirement. For single retirees, health care cost was estimated at $150,000 and for men at $135,000.  Do you have a health care strategy?

You also need to understand the relationship of risk (volatility) to return. Your income strategy should take into consideration different types of investments for short term and long-term needs.  In summary, you need to understand how your final income strategy may perform in different market environments.

Historical tax rates were much higher than today with tax brackets on average over 35% for most taxpayers. If taxes increase, a big issue will be where the majority of your retirement savings are located. More specifically, most Americans have the bulk of their retirement savings in pre-tax 401K “like” accounts or IRAs. These accounts have accumulated and compounded over the years, and taxes have never been paid on them.  Have you considered the impact taxes may have on your spendable income?

Without careful planning, your property may pass to unintended beneficiaries, may be reduced in value by unnecessary taxes or poor investment choices, or may be unavailable to you and your family in the event of your illness or incapacity when needed the most. These potential problems may cause unintended outcomes that can be avoided by establishing a cohesive estate plan.