Retirement Income
Retirement income is often thought to come from three sources, called the three-legged stool, Social Security, pensions and savings. That combination is a metaphor for the money retirees use to support themselves once they are no longer working full time. However, a new report finds that very few retirees actually have income from all three sources.
Concerning for close to retirement age pre-retirees and retirees is running out of money, retaining their normal standard of living in retirement, and being able to handle the cost of health care. Anxiety can be eased by transitioning their accumulated assets into dependable, continuing income.
Since retirees are taxed differently your income sources must be chosen with professional help. Keen consideration is given to your unique needs. We take the information you give us and recommend a prudent amount for you to withdraw your retirement savings.