Income Planning

Planning for retirement requires taking a realistic look at future sources of income. For example, how much Social Security will you receive each month in retirement? Do you have a pension, what about a 401(k) or IRA?

For most Americans, Social Security offers a guaranteed source of income during retirement. However, Social Security was not designed to provide 100% of the income retirees need throughout their golden years. Understanding your distribution options can potentially help optimize your benefits.

It can be worthwhile to speak with a financial professional before you begin drawing benefits in order to review possible payout scenarios to help determine the most appropriate time for you to begin drawing Social Security benefits.

At Wheelhouse, we’ll help ensure your expenses can be paid month to month with reliability and predictability for the rest of your life. This may include:

Social Security Maximization

Income & Expense Analysis

Inflation Plan

Spousal Plan (if applicable)

The value of an uninvested dollar today will not buy the same amount of goods 25 years from now. Therefore, your investment portfolio should be allocated in a way that helps enable it to exceed inevitable increases in long-term inflation.

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For more information about any of our products and services, schedule a meeting today or register to attend a seminar.