Creating Retirement Income: 2 Strategies! 💸 - Creating Retirement Income Streams
1.4 هزار بار بازدید -
2 سال پیش
-
2 Strategies for Creating Retirement
2 Strategies for Creating Retirement Income 💸 - Creating Retirement Income Streams
Creating retirement income streams is something that every individual or family going into retirement wants to understand. It's the question of how am I going to get retirement income and where is that retirement income going to come from?
Will my retirement income come from retirement investments? Social Security? Pensions? Other retirement assets?
In my retirement planning process, there are two retirement income strategies that are most used when planning out retirement income. The first is the bucket retirement income approach. The second is the Total Return Retirement Income approach.
Both of these retirement income strategies can be used when planning out your retirement income AND they can both be intertwined within your retirement income strategy and retirement plan.
Let's look at the bucket retirement income strategy first.
Bucket retirement income strategy is just like it sounds, you bucket your retirement income. When you use the bucket retirement income strategy you separate your retirement income into buckets that align with time horizon, risk management, and amount of retirement income needed.
In my practice we use 3 distinct retirement income buckets: Safe retirement income, moderate to medium term retirement income, and growth retirement income.
Safe retirement income is your short term or immediate retirement income need. Moderate or medium term retirement income is retirement income that you will need 7-10 years from today. And finally, the growth retirement income bucket is used for retirement income 10 plus years from today and is invested more for growth in the stock market.
The second retirement income strategy is the total return retirement income approach. In this retirement income approach, assets are invested with a focus on diversification for varied purposes but all within the same retirement portfolio.
Instead of splitting retirement income into buckets, this approach looks at the total retirement investments and diversifies based on how much income you need today PLUS inflation throughout retirement.
Retirement income strategies and retirement income planning are two big pieces to anyones retirement planning calculator. Whether you are wanting to know strategies for "retirement planning at 30", "retirement planning at 40", "retirement planning at 50", or even "retirement planning at 60" understanding how much retirement income that you want versus how much you need gives you a roadmap to follow to and through retirement.
Here at Pearl Wealth Group, we run a trademarked retirement investment and retirement income plan for individuals and families who are wanting to retire called "Your Financial EKG™." What we are trying to visualize is how long a persons retirement savings are going to last throughout retirement. If you are looking for early retirement planning tips or trying to saving for retirement in your 50's, You Financial EKG™ is a great tool to help you understand where you are retirement planning. Retirement planning and retirement income strategies shouldn't be complicated. They should just be done right.
Click Here For More Retirement Planning Videos: https://bit.ly/3wH3mgb 🙌
**Ready to get your personalized Financial & Retirement EKG: https://pearlwealthgroup.com/ **🚀
*Free Retirement Download: The Checklist to Retirement:* 📊
https://pearlwealthgroup.com/
**To schedule your virtual retirement and investment consultation with Drew, please select a day & time that works best for you: https://calendly.com/pearlwealthgroup... **
**** 🏫 ☎️
**Visit our Website: https://pearlwealthgroup.com/ ** 🖥
**Connect with us on Facebook: Facebook: PearlWealthGroup ** 👍
**More Retirement Information Here: https://pearlwealthgroup.com/blog/ ** 🧐
**Meet Your Retirement Planning Team: https://pearlwealthgroup.com/about/ ** 😎
**Worried That Your Retirement Strategy Is Missing Something: https://pearlwealthgroup.com/services/ ** 🤔
❌ *Please make sure you talk with your CPA, Financial Advisor, Retirement Planner, or Investment Advisor Representative, before implementing any content from this channel. All videos are for informational and educational purposes only. None of the content, comments, responses, information, or any other item on this channel constitutes financial advice or recommendations. Please call Pearl Wealth Group at 813-807-5060 to go through your Retirement Income, Retirement Investments, or Retirement Plan in more detail.* ❌
Pearl Wealth Group
Drew Blackston, CRC® & RFC®
Office: 813-807-5060
[email protected]
https://pearlwealthgroup.com/
Getting you to Retirement, through Retirement, & protecting YOUR ability to stay in Retirement!
#retirementplanning #retirement #financialfreedom
Creating retirement income streams is something that every individual or family going into retirement wants to understand. It's the question of how am I going to get retirement income and where is that retirement income going to come from?
Will my retirement income come from retirement investments? Social Security? Pensions? Other retirement assets?
In my retirement planning process, there are two retirement income strategies that are most used when planning out retirement income. The first is the bucket retirement income approach. The second is the Total Return Retirement Income approach.
Both of these retirement income strategies can be used when planning out your retirement income AND they can both be intertwined within your retirement income strategy and retirement plan.
Let's look at the bucket retirement income strategy first.
Bucket retirement income strategy is just like it sounds, you bucket your retirement income. When you use the bucket retirement income strategy you separate your retirement income into buckets that align with time horizon, risk management, and amount of retirement income needed.
In my practice we use 3 distinct retirement income buckets: Safe retirement income, moderate to medium term retirement income, and growth retirement income.
Safe retirement income is your short term or immediate retirement income need. Moderate or medium term retirement income is retirement income that you will need 7-10 years from today. And finally, the growth retirement income bucket is used for retirement income 10 plus years from today and is invested more for growth in the stock market.
The second retirement income strategy is the total return retirement income approach. In this retirement income approach, assets are invested with a focus on diversification for varied purposes but all within the same retirement portfolio.
Instead of splitting retirement income into buckets, this approach looks at the total retirement investments and diversifies based on how much income you need today PLUS inflation throughout retirement.
Retirement income strategies and retirement income planning are two big pieces to anyones retirement planning calculator. Whether you are wanting to know strategies for "retirement planning at 30", "retirement planning at 40", "retirement planning at 50", or even "retirement planning at 60" understanding how much retirement income that you want versus how much you need gives you a roadmap to follow to and through retirement.
Here at Pearl Wealth Group, we run a trademarked retirement investment and retirement income plan for individuals and families who are wanting to retire called "Your Financial EKG™." What we are trying to visualize is how long a persons retirement savings are going to last throughout retirement. If you are looking for early retirement planning tips or trying to saving for retirement in your 50's, You Financial EKG™ is a great tool to help you understand where you are retirement planning. Retirement planning and retirement income strategies shouldn't be complicated. They should just be done right.
Click Here For More Retirement Planning Videos: https://bit.ly/3wH3mgb 🙌
**Ready to get your personalized Financial & Retirement EKG: https://pearlwealthgroup.com/ **🚀
*Free Retirement Download: The Checklist to Retirement:* 📊
https://pearlwealthgroup.com/
**To schedule your virtual retirement and investment consultation with Drew, please select a day & time that works best for you: https://calendly.com/pearlwealthgroup... **
**** 🏫 ☎️
**Visit our Website: https://pearlwealthgroup.com/ ** 🖥
**Connect with us on Facebook: Facebook: PearlWealthGroup ** 👍
**More Retirement Information Here: https://pearlwealthgroup.com/blog/ ** 🧐
**Meet Your Retirement Planning Team: https://pearlwealthgroup.com/about/ ** 😎
**Worried That Your Retirement Strategy Is Missing Something: https://pearlwealthgroup.com/services/ ** 🤔
❌ *Please make sure you talk with your CPA, Financial Advisor, Retirement Planner, or Investment Advisor Representative, before implementing any content from this channel. All videos are for informational and educational purposes only. None of the content, comments, responses, information, or any other item on this channel constitutes financial advice or recommendations. Please call Pearl Wealth Group at 813-807-5060 to go through your Retirement Income, Retirement Investments, or Retirement Plan in more detail.* ❌
Pearl Wealth Group
Drew Blackston, CRC® & RFC®
Office: 813-807-5060
[email protected]
https://pearlwealthgroup.com/
Getting you to Retirement, through Retirement, & protecting YOUR ability to stay in Retirement!
#retirementplanning #retirement #financialfreedom
2 سال پیش
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