If you’re a retiree who worries a lot about your money, it’s because you don’t have a plan.
Having a financial plan, in writing, works like the GPS navigation in your car, making sure you get where you want to go and don’t get lost in retirement.
A written retirement income plan will show you how much income you’ll receive from each source each year, what’s guaranteed and what’s not guaranteed.
It will show you the amount of risk in your portfolio and the fees you’re currently paying and then the reduced risk and lower fees you’ll pay going forward.
You’ll know how much income tax you’ll pay on your income, your effective tax rate, monthly withholding needed to break even, and your net ,after-tax, monthly retirement income.
The plan will also show how much you can potentially leave to your beneficiaries, after using your assets for income.
You’ll have all the details in a comprehensive written plan: advantages, disadvantages, costs, fees, risk, asset allocation, income distributions, and the step-by-step process you will follow.
If you want a Roadmap to help you navigate safely through retirement, call us.
Vipul Varma
VIP Financial
402.547.0395
Financial Advisor in Parker Colorado
Wealth Planning