{"id":674,"date":"2020-01-03T21:36:28","date_gmt":"2020-01-03T21:36:28","guid":{"rendered":"http:\/\/gpswp.com\/feldfinancial\/?page_id=674"},"modified":"2023-07-11T14:05:11","modified_gmt":"2023-07-11T14:05:11","slug":"income-planning","status":"publish","type":"page","link":"https:\/\/gpswp.com\/feldfinancial\/services\/income-planning\/","title":{"rendered":"Income Planning"},"content":{"rendered":"\n
Income planning for retirement can\nbe a daunting task for many retirees because there can be a lot to learn, and\nto many people a lot of the information is new. Whether you are just setting\nout on your retirement journey, or it is already well underway, you may be\nskeptical of whether you’ll have enough retirement income to maintain a\ncomfortable and enjoyable lifestyle.<\/p>\n\n\n\n
There are three major phases in the\nmanagement of retirement income:<\/p>\n\n\n\n
Preparing for your retirement may\nrequire a shift in mindset, and a solid understanding of the difference between\nretirement savings<\/em> and retirement income<\/em>. Prior to retirement,\nyour financial life was dictated by your paycheck. Once you retire, however,\nyou can no longer rely on a paycheck, which means you will be left to find\nother sources of income. You’ve worked hard to save for retirement, and now the\ntime has come to find the proper methods of creating additional income from\nwhat you’ve saved. Although this can represent a challenge for many, it also\nrepresents a great opportunity to grow your savings beyond what you’ve saved \u2014\nand this is usually made easier by enlisting the help of a financial services\nprofessional that you trust.<\/p>\n\n\n\n We will work with you to help you\nuncover the various opportunities and concerns of each phase. Additionally, we\nwill walk you through the process of:<\/p>\n\n\n\n Because taxes play a major role in\nany retirement income planning process, our firm will utilize the most tax\nadvantaged vehicles to accomplish your retirement income goals, such as\ntraditional IRAs, Roth IRAs, 401(k)s, and IRA rollovers.<\/p>\n\n\n\n Keep in mind, while the numerous options for your retirement savings may seem overwhelming, all of us at Feldman Financial are here to help you make sense of it all.<\/p>\n\n\n\n Disclosure for both:\nWe do not provide legal or tax advice and you should consult an attorney or tax\nadvisor for such advice.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" Enjoy smooth sailing in retirement with proper income planning. Income planning for retirement can be a daunting task for many retirees because there can be a lot to learn, and to many people a lot of the information is new. Whether you are just setting out on your retirement journey, […]
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