How do I develop Income
​in Retirement?

Traditional Income Planning

Income planning was not as prevalent at one time. In fact, most people did not have to worry about developing an income plan at all. Back then, you had your company pension to rely on, and if that wasn't enough, then Social Security covered the rest. My, how times have changed! These days, employers have switched over from defined benefit programs to defined contribution. 

Social Security benefits alone do not provide enough money for most retirees. So, you are now in charge of creating your own pension (or an income plan) so that you have enough money to live on! We're not talking about investing your dollars in the market and hoping you achieve a big enough return to pull 5% off the top, either. You need a concrete plan, otherwise, there's a huge likelihood that you will run out of money.

Developing a Concrete Plan

Have you ever heard of the "4% Withdrawal Rule"? Simply stated, it means that as long as you do not withdraw more than 4% of your portfolio each year, you will make it through retirement. If only it were that easy! 

To be sure that you will have enough money, you need to develop a concrete, set in stone income plan that you know will last for the rest of your life. If you are working with an "Accumulation" specialist, they will not be able to help you do this. 

Simply setting up a systematic monthly withdraw from your account could get you in to a boatload of trouble. You need laddered, inflation adjusted income - using safe and reliable accounts - to come in each and every month on the schedule you set yourself.

Having an income "Schedule"

By setting up a schedule for your income, you no longer have to worry about whether or not your paycheck will come in this month, or the next. Your income will never be tied to stock market performance again. 

And, by factoring in future inflation, when the time comes, your monthly paycheck will "adjust" itself. Which means when your $1,000 isn't worth $1,000 anymore, you won't have to sweat! 

Inflation Laddered Income Plan can help you jump this hurdle. By positioning the least amount of money necessery into safe, income-producing accounts, your income can go the distance.

Inflation Laddered Income Plan

Inflation Laddered Income Plan provides scheduled income starting on a specific date, either now in the future. By positioning safe assets into this plan, you can eliminate any chance that you will run out of money during your retirement. The plan uses a laddered account approach to provide guaranteed income. Each step up the ladder will increase your income to keep up with inflation. 

Whatever you do not position into your income plan can then be invested more aggressively. You should have money set aside that you can use if you want to take a trip, or in the event of a catastrophic illness or unforeseen event. "THE PROCESS" takes these ideas into account so that you can sleep at night.