Retirement Income Planning
Those in retirement, or within 6 months of retiring, need to carefully plan how they will fund their retirement through the disciplined consumption of their nest egg. A retirement income planning engagement necessarily involves a review of the client’s investment portfolio. In addition to the benefits of an Investment Portfolio Review, an Apropos Retirement Income Plan provides the following benefits:
- Peace of mind that …
- assets will be consumed at a pace, and in a way, that affords a comfortable standard of living but which doesn’t prematurely exhaust resources
- inflation will have as minimal an impact on one’s standard of living as possible
- Goal driven minimization of income taxes paid during retirement
- Guidance with making adjustments to your spending and investments to counter economic downturns and fluctuations in the capital markets
- Preservation, or maximization, of assets as desired to fulfill your asset transfer goals
- Objective advice on pension plan options and the advantages and disadvantages of income and variable annuities
The retirement funding plan we prepare for you will be 100% tailored to your unique circumstances and goals.
The deliverables for a retirement cash flow planning engagement include:
- A Net Worth Statement showing your worth after your liabilities have been subtracted from your assets
- A detailed retirement cash flow projection that includes living expenses, tax liabilities and gifting wishes
- A detailed written report specifying an asset consumption plan that is designed to maximize your standard of living without sacrificing nest egg longevity
- A Monte Carlo Simulation report that analyzes the probability of success of the plan
- Answers to all your questions about the recommended plan
- A detailed and ordered Action Plan to guide you in implementing your plan
These deliverables will be thoroughly explained to you in a presentation meeting.
The amount of time we require to formulate a retirement cash flow plan, and therefore the cost of this service to you, will vary depending on the complexity of your investments and retirement plans. You will be provided with a guaranteed fee estimate at the end of our complimentary Get Acquainted meeting.