Retirement Income – T&B Financial

It’s a fact: People are living longer.

Let us show you how to create a income stream that will last a liftetime

As you plan for retirement, you need to know what resources you have available. Your assets and future income sources will create your retirement income, so it makes sense to take inventory periodically. Doing so helps you know where you stand and avoid surprises when Retirement Day comes (plus, you need to continue to monitor assets during retirement).

let us help you understand what you might expect, and what risks to be mindful of on your retirement journey. We’ll briefly touch on how to convert assets into retirement income, our goal is to develop an outline of:

All retirement income resources available to you
Details about each income source (any features like tax status, income options to choose from, etc.)
How things could change over time (if you’ll save more in retirement accounts, earn more or less income each year, etc.)

Choosing which account to withdraw from first can be complicated, but a few tax-smart strategies can help you avoid surprises.

Many people in the workforce have all but given up on the dream of achieving lifetime income, which means financial security with little to no work after retirement. However, as more and more baby boomers reach retirement age, we’re starting to see people attempt to put this idea back into practice. With so many different models of lifetime income in circulation, though, how can you be sure which one will work best for you?