Retirement Income Planning

Lance starts by analyzing your current financial status, including your savings, investments, debts, and other assets. This assessment helps us understand where you stand financially and identify areas that need improvement.

What does retirement look like for you? Do you plan to travel, start a new hobby, or simply relax? Understanding your retirement goals helps us estimate your future expenses and income needs.

We project your future income requirements based on your retirement goals, expected lifestyle, and inflation. This estimation includes essential expenses like housing, healthcare, as well as discretionary expenses such as lifestyle and leisure activities.

We identify all potential income sources, including social security benefits, pensions, retirement accounts, and investments. Lance also explores opportunities to generate additional income through part-time work or passive income streams.

Based on your goals and current financial situation, Lance develops a savings and investment strategy. This strategy focuses on building a diversified portfolio that considers, risk, rate of return, and safety, to try and maintain a predictable income during retirement.

Tax planning is crucial to retirement income planning. We help you implement tax efficient strategies to minimize tax liabilities and maximize your retirement income.

Retirement planning is not a one-time task. We review your plan and make necessary adjustments to keep it aligned with your goals and financial situation. Reviews help us address any changes in the market or your circumstances.