Home About Services Events Resources Blog Contact RETIREMENT INCOME STRATEGIES You are here HomeServicesRetirement Income Strategies THE NUMBER ONE QUESTION WE COME ACROSS IN OUR BUSINESS IS... WILL MY INCOME LAST AS LONG AS I DO? It’s been suggested that your retirement INCOME goes a long way in helping determine your retirement OUTCOME. This why your retirement income is where we start the planning process. Whether you are 10 years away from retirement, or 10 years into retirement, we always begin with a retirement income assessment. DO YOU HAVE ENOUGH? WHAT IS ENOUGH? WILL IT LAST? If someone were to ask us what we do for our clients, it would boil down to helping them answer one seemingly simple question: “AM I GOING TO BE OK?” The process of formulating a predictable income stream with the goal of long-term sustainability is something we address utilizing the Asset-Cycle Portfolio System®. It may sound fancy and complicated, but our clients find it to be “so simple, it’s profound.” We’ve found that our clients enjoy the confidence that comes from knowing where their next retirement paycheck will come from. KEY FINANCIAL CHANGES YOU'LL FACE IN RETIREMENT Outliving Your Income You need a retirement income that can lost as long as you do. Keeping Pace With Rising Costs Healthcare, food, utility costs - good planning can help keep your stress from rising with them. Minimizing Taxes If you can't beat them, find options that can help you manage them. Reacting to Market Uncertainty Is it up? Is it down? You'll need strategies that can lessen its impact on your future income. Outliving Your Retirement Income The great news today is that we’re living longer and have more time to spend with loved ones. But longevity also comes with the challenge of maintaining your current lifestyle in retirement without outlasting your savings. Will you be ready for a retirement that can easily last into your 80s, 90s, and maybe even 100s? Consider a plan for generating retirement income that can last through your retirement. Keeping Pace with Rising Costs Particularly Healthcare The cost of healthcare is arguably one of the biggest financial issues facing Americans today. And it’s an even bigger concern in retirement when health issues may be more likely to arise. In fact, it's estimated that an average, healthy, 65-year-old couple will need $245,000 to pay for medical expenses for the remainder of their lives.1 And then there's inflation, cutting the value of your money in half every 22 years. So if you're 45 today, you can expect to see prices double not once but twice during retirement.2 Healthcare, food, utility costs–good planning can help keep your stress from rising with them. 1 Fidelity Benefits Consulting, Estimated Health Costs in Retirement Rise, 2015 2 Based on an inflation rate of 3%. Actual inflation rates may fluctuate over time Minimizing Your Tax Burden Although taxes today are relatively low across all income brackets, there’s a chance that taxes will increase since the U.S. national debt is over $19 trillion.3 The national debt could also have a ripple effect on state and local taxes if government subsidies are reduced. Taxes cut into your investment base and take a bite out of your retirement savings. Strategies with tax-efficient growth opportunities can help keep more of your money invested and working hard for your future. 3 www.usdebtclock.org, accessed July 2016 Overreacting to Market Volatility Dealing with the ups and downs of the market is a natural part of investing. It can be a challenge to stay on track with a long-term plan through periods of market volatility. You may overreact to near-term events rather than relying on the strength of the market to perform over time. Market volatility can prompt you to search for more conservative investments to help protect your retirement income, often at the most inopportune times. And low interest rates on traditionally safer options–such as savings accounts and 6-month Treasury Bonds–can make it tough to produce enough income for retirement. The challenge is finding opportunities for growth with strategies that don’t put your future retirement income at risk. Rodger Parker is a registered non-solicitor of, and Madison Parker investment advisor representative of, and advisory services are offered through USA Financial Securities Corp. A Registered Investment Advisor located at 6020 E Fulton St., Ada, MI 49301. Parker Financial Group is not affiliated with USA Financial Securities. Madison Parker is authorized to transact investment advisor services only in states where she is properly registered. For investment advisory services these states include: Madison - AZ;CT;KS;MO;NM;OR;TX;WI.. Additionally, clients who are not residents of these states cannot be serviced. This website is not intended to provide investment, legal, or tax advice, no to effect securities transactions or to render personal advice for compensation. © 2021 Parker Financial Group. All rights reserved. × Check the background of this investment professional on FINRA's BrokerCheck »