Did you know that Social Security may only provide, on average, about 40% of the retirement income you need?*
As retirement nears, your focus will need to shift—from building wealth to preserving it and generating a predictable lifetime income stream that will fund the retirement lifestyle you’ve always envisioned.
Things to consider:
Thoughtful income planning
By aligning guaranteed income sources to your essential needs, income from your investments could be targeted for your discretionary spending.
Make smart benefit elections
Choosing the right Medicare and Social Security benefits will depend on a number of different factors.
Know your retirement risks
Along with new opportunities, retirement brings new risks including longevity and inflation.
Protect your savings
According to www.LongTermCare.gov, a person turning age 65 today has almost a 70% chance of needing some type of long-term care services, which are not covered by Medicare.
Whether retirement is many years down the road, right around the corner, or today’s reality, your we can help you build a better plan to save more effectively and generate income more efficiently.
*Social Security Administration "Learn About Retirement Benefits."
