Retirement Income Planning

 

Personal Lifestyle Plan

Designing a personal lifestyle plan is important because it is the determining factor of your satisfaction with your retirement lifestyle.  If you are close to retirement, take time now to think about how you would like to spend your time during retirement.  Would you like to take up that hobby you were always interested in but never had the time?  Drive an RV around the country?  Go back to school?  Perform volunteer work?  Start your own business?  Research your family tree?  Perhaps something else?  Answers to these and many other questions are important when planning your retirement because your choices will drive the financial demands of your retirement income plan.

 

Personal Investment Plan

Designing a personal investment plan is important because it identifies your sources and uses of income and establishes your retirement budget, based upon your personal lifestyle plan.  Your retirement will be more enjoyable if your income is structured to fit your lifestyle choices and if you have developed a retirement plan to preserve the assets you have worked hard to acquire.

 

Strategies

At Ridgecrest Capital, our retirement income plan focuses on strategies to help you:

  • Help avoid running out of money in retirement
  • Understand how market volatility may impact your retirement income stream
  • Create a retirement savings hierarchy
  • Track your asset consolidation and allocation

 

Steps to Develop a Retirement Income Plan*

  • Portfolio Review
  • Pension Review
  • Pre & Post Retirement Income Needs Assessment
  • Investment Policy Statement
  • Investment Selection
  • Portfolio Monitoring & Rebalancing

 

 

 *Securities offered through Royal Alliance