Is an Income Distribution Strategy Part of Your Retirement Plan?

Are you planning for a secure retirement?

 Having retirement accounts and saving for retirement is not enough. Without a distribution strategy, you are missing one of the most critical components of your retirement plan. Most people are aware of the importance of accumulation, but planning to effectively generate income from the accumulated retirement assets is critical for your financial security in retirement.

 How do you generate income efficiently from your nest egg?

 Shifting from an accumulation to a decumulation (or distribution) phase is done gradually. This process starts while you are still employed, and it continues into your retirement. The process typically starts when you are 10 or less years away from your retirement. It starts by taking a certain percentage of your retirement assets from riskier investments and placing them into lower risk investments. To build an effective retirement decumulation strategy, it’s important to manage risks and generate an income, or potentially multiple streams of income, from your nest egg in a timely manner. Without the right planning and timely execution of the plan, you could run out of money in your retirement. Your financial advisor will recommend and explain specific investment vehicles that are suitable for you.

 Be proactive by creating a retirement plan that incorporates a retirement income distribution strategy to anticipate and manage taxes, inflation, volatility, longevity, and other risks. Effective risk management strategies can help you not only preserve your retirement assets, but also grow your retirement funds and generate more retirement income.

 A financial advisor who specializes in retirement income planning can help you implement a long-term retirement decumulation strategy with income protection and guaranteed income features.

 Call (310) 256-4881 to arrange a free initial consultation to help you identify a retirement decumulation strategy that would be appropriate for you and your unique circumstances.