Income Planning
Understanding Your Income and How to Use It Effectively For your Present and Future
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Retirees don’t live on Assets, they live on Income. Let’s face it, Income drives EVERYTHING.
It is important to determine if you have any INCOME GAPS and shore them up. Once you have established Reliability of Income, you can then turn your focus toward Return on Investment.
Income Gap Report
Red Means You Are Out Of Money!
See for yourself how YOUR retirement will play out, then make changes to "get the red out"!
Social Security Maximization
Circumstances and Income needs vary by individual. There is no ‘One Size Fits All Solution.’ Starting early may be the best solution for You, but not for everyone… For some, the Social Security Benefit may need to last for two lifetimes. In these situations, we help our client’s Maximize the Highest Wage Earner’s Benefit so that their surviving Spouse/Partner receives the Maximum Benefit Possible.
Other Questions to Consider:
When can I file: Minimum Age/Maximum Age?
Is it worth waiting to Start Social Security or should I start Now?
By how much is my benefit reduced permanently if I start early?
How is Social Security the 1ST OR 2ND Largest Asset for most people?
How can I make my Social Security Grow by 8% per year?
What is my COLA (Cost of Living Increase) this Year?
What is Provisional Income?
Why am I being taxed on my Social Security Benefit and how can I avoid it?
Can my monthly Social Security Benefit keep growing even after I claim my Benefits?
If I keep working after starting Social Security, how will it affect my taxes?
What if I start my Social Security early, but I change my mind?
Can I claim my divorced/deceased Spouse’s Benefit?
Contact Us Today to receive your Complimentary Social Security Maximization Report!
GUARANTEED LIFETIME INCOME…
How stressful is it while you are driving on vacation, and your gas gauge is getting close to “E” and there are no gas stations to be found. You are going to run out of gas. You know it’s going to happen, you just don’t know when. How much more important then is it to NOT watch your bank account go to zero…
Guaranteed Lifetime Income can make or break the type of lifestyle you are expecting to have in Retirement. It can mean the difference between living where you want to live, going where you want to go and doing what you want to do.
When we walk you through RetirementView®, you will get instant Visual feedback of what your Retirement is going to look like. This is not a prediction, but a Tool to shine a light on where your potential Income GAPS exist. It also becomes a creative process to discover where your OPPORTUNITIES await…
Once your Income GAPS have been identified and we can put a number on it, then it is just a matter of plugging in sources of income. Guaranteed Lifetime Income can come from several sources: Social Security, pension benefits and lifetime income annuities.
Written Income Plan
A Written Income Plan is a must. It is the Communication Tool that you and your Advisor will use to determine which assets will be designated for RELIABILITY OF INCOME, for how much and for how long.
With your Advisor, you will choose the type of Asset Management that suits your personal values and level of risk. We will help you choose the appropriate Asset Allocation Strategy for RETURN on INVESTMENT. In addition, Goals, Timelines and Financial Priorities will be agreed upon. The Written Income Plan becomes YOUR FINANCIAL ROADMAP.