Retirement Income Planning

Take Command of Your Future

We want you to be able to retire properly. That means enjoying retirement your way on your timeline, without worrying about outliving your money. Our goal is for you to live your adventure, now and into the future, for the adventure you value is the one we will help you pursue. 

You may need to plan for your retirement savings to potentially last 25 to 30 years! The Social Security Administration offers a life expectancy calculator that estimates the average number of years a person is expected to live. Of course, there is the chance you could live beyond that average, leaving you to fund your lifestyle well into retirement. By factoring in some individual variations, such as your age, gender, general health status, and smoking habits, the longevity illustrator developed by the American Academy of Actuaries and the Society of Actuaries offers you the opportunity to consider how long you (and your partner) might live, which may provide insight into your retiree financial longevity risk.  

As retirement nears, the traditional strategy has been to move growth-seeking products to more conservative, fixed-income products. A significant loss in the years just before and/or just after you retire could negatively impact the level of income you receive over the course of your life. In fact, if a loss occurs earlier in life, there is also the chance that you may have more time to recover (versus a loss occurring later in retirement). Why? Simply because a smaller pool of assets is left to sustain you throughout your retirement years, and your assets may not have as much time to recover.

Optimizing Social Security

When should you take Social Security?

Stronghold Wealth Partners considers Social Security Optimization a key component to any well-crafted retirement income plan. With our analysis, we can help you choose the right time to file.

When the Future is Now

When it’s time to begin taking distributions in retirement, we can help you strategically manage your taxable income with an eye toward your tax bracket while still maintaining flexibility for what’s to come. This strategy considers tax maintenance to help ensure your money works efficiently for you in retirement.

Your Retirement Income Plan

Retirement income planning is a crucial component of your overall strategy. These important conversations together will consider the accumulation phase. Our team will then work to help balance your assets to provide the appropriate diversification in retirement. We will help you determine the right withdrawal strategy to meet your needs.

Contact us today to schedule a no cost, no obligation introductory appointment.