Social Security decisions
When to begin Social Security is an important part of your retirement income plan. We discuss your timing options alongside your other income sources and personal circumstances.
Retirement planningYour savings.
Your savings.
Your income.
One thoughtful plan.
Connect the money you’ve saved with the life you want to live.
From saving to livingGive your savings
Give your savings
a purpose.
A retirement income plan connects the money you have saved with the expenses you expect.
We review your available income sources and consider how to coordinate withdrawals while preserving flexibility for the years ahead. Your spending needs, priorities, and timeline help guide the conversation.
Healthcare costs in retirement
Healthcare expenses belong in the retirement conversation. We help you consider how anticipated costs and Medicare decisions fit into your budget and broader plan.
Family and legacy priorities
Your goals may include helping family or leaving something for the people and causes you care about. We include those priorities and identify where coordination with qualified tax or legal professionals may be needed.
Understanding your three tax bucketsDifferent accounts.
Different accounts.
Different tax rules.
Knowing the differences helps inform when and how you use your savings.
Taxable
Brokerage & bank accounts
These accounts can offer access to money for current spending or unexpected expenses. Interest, dividends, and realized capital gains may create taxable income.
Tax treatment depends on the income and account involved.
Tax-deferred
Traditional IRAs & 401(k)s
These and similar accounts generally defer taxes until withdrawal. Required minimum distributions may apply.
Distribution timing depends on your birth year, account type, and applicable rules.
Roth
Roth IRAs & designated Roth accounts
Qualified withdrawals are tax-free. These accounts have no required minimum distributions during the original owner’s lifetime.
Qualification requirements apply. Beneficiary rules differ.
The connection matters
There is no single withdrawal order for everyone.
Your strategy should reflect your income needs, tax situation, and available accounts. Planning conversations may include required minimum distributions, whether Roth conversions fit your circumstances, and how withdrawals interact with Social Security taxation and Medicare premiums.
A Roth conversion can create taxable income in the year of conversion. Its potential benefits need to be weighed against current costs with qualified tax guidance.
Account distribution rules: IRS referenceThe years aheadStability for today.
Stability for today.
Perspective for tomorrow.
Consider the role each part of your savings plays in the life you’re planning.
Income protection options
For money intended to support essential expenses, we discuss approaches that place greater emphasis on income stability. Some insurance products may provide contractual protection or lifetime income benefits, depending on the product and options selected.
Understand the tradeoffs.
Guarantees depend on the issuing insurer’s claims-paying ability. Charges, withdrawal restrictions, and benefit conditions may apply. Index-linked crediting can limit participation in market gains and does not mean direct investment in an index.
Investing with perspective
Savings intended for longer-term goals need an investment approach suited to your risk tolerance, time horizon, and income needs. A managed portfolio can combine different asset classes and receive ongoing monitoring as your circumstances evolve.
Understand the risks.
Investments can lose value. Diversification and professional management do not guarantee a profit or prevent losses.
Planning for market changesA longer view.
A longer view.
A considered response.
Market declines can be especially challenging when you are also withdrawing money. The order in which investment returns occur can affect how long a portfolio lasts.
Your income plan should consider this risk alongside your need for growth and access to savings. We help you understand those competing needs and the choices available.
See how we build your plan
Let’s look ahead, togetherMake the pieces
Make the pieces
work together.
Start with your questions about income, accounts, and the years ahead.
Schedule your free conversationOr call (208) 521-3648