To a large extent, the amount of assets you have accumulated over your working life has less to do with making it in the long run. Rather, it has a lot more to do with how much increasing, sustainable income you can create from what you have.

Here, at Retirement Income Advisory Group LLC, we have a comprehensive skill set that we have and provide to you. We create a written, easily understood and conservative lifetime income plan to help create enough cash flow for you and your spouse, if you are married. 

We understand that owning a 401k or an IRA is not a financial plan, so we marry the assets you have already accumulated with all your other retirement income sources such as pensions, Social Security Benefits, and even your retirement healthcare plan, like Medicare, which is offered through our strategic partners.

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Our goal is to help create an income plan that considers all your expenses, retirement lifestyle, long-term goals, taking into consideration market volatility. We accomplish this by creating a comprehensive retirement income plan tailored to your needs, goals, and objectives.

Social Security benefits are a foundational piece to one’s retirement plan, however, can be confusing to navigate and understand. We have found that many financial advisors themselves are not equipped to address this particularly important component. We educate our clients on their rights and entitlements to Social Security benefits and analyze the hundreds of different claiming strategies that are available and narrow the best options for your unique financial situation.

Your investment portfolio is not a financial plan, however, an important component to achieving retirement success. To build a solid investment plan, we need to determine your retirement goals and desires. Our goal is to address all aspects of one’s financial life to determine the right investment plan for you. We take into consideration your risk tolerance, portfolio fees, market volatility, and your current asset structure to build an investment plan to help you reach your financial goals in retirement.

Any comprehensive retirement plan will include a strategy for decreasing tax liabilities in retirement. This includes assessing the taxable nature of your current investments and determining what tax reduction strategies may be available to you. Many retirees are unaware that where and how you distribute your money in retirement may have different and long-lasting implications on your remaining assets. Understanding how tax works in retirement and developing a plan to address that may lead to increased retirement tax savings.

More and more retirees tell us that their healthcare costs in retirement are an especially important concern. Our strategic partners help clients create a plan to help address rising healthcare costs with a minimum of expense by looking at all the aspects or Medicare Part A, B, C and D as well as analyzing options for Long-Term Care Planning.

It is important to ensure your hard-earned assets go to your beneficiaries in the most tax efficient manner. By working with your qualified Estate Planning Attorney, our goal will be to help you maximize your estate and tax planning opportunities for the loved ones that you create a legacy for.

If you own a business or are self-employed, we know how hard you have worked to create and grow your company. Our goal is to help evaluate what your business can contribute to your personal retirement plan and how to transition from running a business to owning your personal retirement plan.

Wondering what your Retirement Income Plan may look like? Ready to get started? Click below and send us a message and we will get started on your plan right away!