Retirement Income Planning
Older Americans' greatest fear is running out of money
Death may be frightening, but to a majority of older Americans, the possibility of outliving their retirement savings is even worse. In a recent poll, more retirees feared outliving their assets than dying (o see full article click here) Even with an income withdrawal rate as low as 4% annually from retirement assets, there is still a risk of outliving retirement savings. Let us help take the worry out of your retirement income planning. By utilizing our RS Income Planning Process we help you develop your own Retirement Survival guide.
Our Core Income Planning Objectives
1) Transition from Retirement Accumulation to Income Distribution
- Effectively transition your retirement savings from asset allocation strategies to income allocation statregies
2) Determine your Income Withdrawal Percentage
- Determine the percentage of your retirement savings that you can withdrawal as income each year so it is sustainable throughout retirement
3) Identify Key Risks
- Make sure your income stream is protected from the 7 Key Risks you will face during retirement
The Great Transition
The ultimate goal of retirement is to transition life savings into a sustainable income stream that will satisfy both your needs and wants throughout retirement.
In order to be successful, we must reassess assets that that have been saved and redeploy them in a way that will provide sustainable retirement income. It's helpful to use a process to make this great transition. Our process is designed to develop a strategy of income allocation and diversify among a variety of sources. Each source is designed to provide benefits for different objectives, in all market conditions. These strategies must work together to address the 7 key risks you will face during retirement.
Asset allocation does not guarantee a profit nor protect against loss in a declining market; it's a method used to help manage risk. No strategy assures success or protects against loss in periods of declining values.