The investments and mindset you used to accumulate your retirement savings are quite different from the skills and investments you need now to generate a dependable lifetime retirement income. Retirement income planning helps you transition from saving to spending. The nest egg you worked so hard to create must now be gently cracked open.
When deciding how to safely convert retirement savings into a dependable, long-lasting income, it is important to realize that the only thing constant in life is change. A good retirement income plan recognizes a decision made today may need to be revised as life changes.
Travel back to the year 1990. How has your life changed over the last twenty years? Chances are you’ve experienced many transitions, including living through one of the greatest bull and bear markets of a lifetime. You may have experienced a change to your career or health. Perhaps you experienced the ending of an old relationship or the beginning of a new one. Loss of a loved one? You may even be surprised at the way your thinking has changed. Stop. Think. Your retirement may easily last as long.
What will the next twenty years bring? Are you prepared?
Life transitions don’t stop just because you retired.
Instead of creating one twenty-year income plan, SWAN 360 retirement income planning helps you break your retirement income strategy into 5 year increments, with appropriate investments for each stage of retirement. This retirement income plan is designed for flexibility. You maintain the ability to change your mind and tweak your plan when life changes. And it will.
Just as a waterwheel depends on a steady stream of water to function, your retirement income plan relies on a steady cash flow. Contact me to learn more and see if this system makes sense for your situation.
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