What are the goals for your retirement savings?  A vacation?  Income?  Growth?  The goals and purpose for your money need to be established by you and your family, not an adviser or friend.  A tool does not dictate the client, the client needs to be in control of the product or tool needed to accomplish their goals.

Planning your retirement income distribution is different than planning the accumulation of your retirement income.

Tools we would use to accumulate and grow your money aren’t necessarily the best tools to use for the distribution of your income.  Once a person retires they may no longer have several years for their money to recover if the markets go through a correction.   The retiree may need access to that income before the markets recover.

Tune into Bruce’s show on Tuesday for the 7th part of the 10 things you need to know to plan your retirement income series.

 

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At The Resource Center, we’re dedicated to helping individuals and families with their financial needs. Our purpose is to provide the tools you need to help enhance your financial wellbeing and help secure your future. With our financial planning services, our team will help develop a plan that diversifies your assets, is consistent with your level of risk tolerance and allows you to maintain your current lifestyle.

 

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We are an independent firm helping individuals create retirement strategies using a variety of insurance and investment products to custom suit their needs and objectives.  This material is intended to provide general information to help you understand basic financial planning strategies and should not be construed as financial advice.  All investments are subject to risk including the potential loss of principal.  No investment strategy can guarantee a profit or protect against loss in periods of declining values.  

The information contained in this material is believed to be reliable, but accuracy and completeness cannot be guaranteed; it is not intended to be used as the sole basis for financial decisions.  

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