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- Individual Retirement Income Planning
You’ve worked hard to build a sizeable retirement nest egg
and you are now in or nearing the retirement gate. How do
you plan to spend those retirement years? How long will you
live and how much do you want to leave your heirs? How do
you liquidate that nest egg without running out of funds too
soon? With Lifetime Income Planning, we will help you
formulate a plan for those rewarding years so you can retire
with confidence. As part of this planning, we will:
- Evaluate projected spending plans
• What are your basic annual living expenses?
• Will you spend more in the early years because of
travel?
• When will your home be paid off?
• Planning on a different home for retirement?
• How will your health care needs be met?
• What about long-term care needs?
- Evaluate goals for heirs
• How many heirs will you likely have?
• How much would you ideally like to leave to each?
• Any special needs among your heirs?
- Evaluate sources of income
• Social security for you? Your spouse?
• Company pension or 401(k) plans?
• Individual Retirement Accounts?
• After tax investments?
• Income-producing properties?
• Real assets to be liquidated?
• Inheritances coming?
- Model retirement years to determine sufficiency
of assets
Using the data gathered with respect to spending plans,
goals for your heirs and sources of income, we model the
retirement years to determine the sufficiency of assets
in retirement.
• Various assets mixes (stocks/bonds/cash) and various
life expectancy assumptions are modeled to determine the
impact on portfolio longevity
• Impact of withdrawals from pre-tax versus post-tax
accounts is analyzed
• Both historical market models and Monte Carlo
simulations are utilized to determine portfolio
longevity confidence intervals
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