Tag Archives: retirement income planning

I refer to “consolidation” as the coordination of all your planning activities with one person or institution. Asset building happens in several different places with many different advisors. However, when the time comes to withdraw retirement income from those assets, … Continue reading

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As in Part I, the retirement income specialist is the architect of your personal retirement income blueprint. Now, who is your contractor? This is the person who oversees the investments that create income from your assets. It should be the … Continue reading

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You need both an architect to create your plan and a contractor to implement it. Who is the architect? Your advisor. When speaking about retirement, a LIMRA report stated, “people need advice from a knowledgeable professional more at this point … Continue reading

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There are four distinct planning channels involved in comprehensive retirement income planning. They are: The Structural Plan The Investment Portfolio Health-Risk Management Wealth Transfer These channels work together in the same way as framing, electrical, plumbing and heating do in … Continue reading

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Think of retirement as a project. A big project. When building a house, a great deal of thought and planning must go into general considerations for the project as a whole, right? There will be some basic things that have … Continue reading

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Our parents seemed very willing to make do with what they had and live within their means. There are very few Boomers out there who have not heard at least one story about how frugally and carefully their parents handled … Continue reading

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Everyone (and every couple) has their own: -          reasons for wanting to retire -          lifestyle objectives -          priorities and preferences -          cash flow needs and time frame -          income-producing assets and benefits to create income -          family issues -          state … Continue reading

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In 2011, the leading edge of the Baby Boomers turned 65. As more of the boomers move into retirement, we will see greater numbers of retirees than ever before, as two generations (Boomers and their parents) will be retired at … Continue reading

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Insurance can be a valuable tool in structuring your retirement income — and not just to cover the obvious threats to your retirement savings, like health care costs. It can also be used very constructively to replace income or capital, … Continue reading

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It may not be necessary to have the same level of income (adjusted for inflation) throughout the post-retirement years. It is quite common to need more discretionary income in the early years of retirement when you may be actively pursuing … Continue reading

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