Retirement income plans aren't just for the wealthy. As people live longer, your nest egg may need to last 25 to 30 years. Here's how we approach it.
As you near retirement, the traditional move has been to shift growth-seeking assets into more conservative, fixed-income products. That worked when retirement lasted five to ten years.
These days, people are living longer. It is not unusual for someone retiring at 65 to live to 90 or beyond, which means planning for a nest egg that may need to last 25 to 30 years.
Real retirement planning is about being prepared for life after your working years, financially and in every other way. The non-financial pieces matter too: how you will spend your time, where you will live, and when you will fully step away from work. A holistic plan weighs all of these with equal importance.
The emphasis shifts through every stage of life. Early on, it means simply setting funds aside. Mid-career, it becomes specific income and asset targets, and the steps to reach them. And once you arrive, decades of saving begin to pay out.
Income strategies that account for a retirement that could span three decades.
Lifestyle, housing, timing, and health, we plan the whole picture, not just the portfolio.
We revisit your plan as your life changes, from accumulation through your first year of withdrawals and beyond.
This material is for educational purposes only and is not individualized investment, tax, or legal advice. Guarantees are subject to the claims-paying ability of the issuing company.
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