"After 45 years in the workforce, retirement can be scary. What can I do to help ensure that the resources I have accumulated will create life time income?"
"We do a retirement analysis first and foremost. We'll sit down with you over a cup of coffee and kind of go over your goals in this scenario to retire at 60. We'll take into account everything. How much social security income do you have coming in, or will you have coming in whenever you turn social security on. How much social security income will your wife be having coming in? How much pension income do you have, if any? How much does your wife have, if any for pension income? And then finally, what are your assets? 401K values, savings amounts, other IRAs, Roth IRAs, et cetera. And then your budget. We'll figure out how much you need to spend in after tax dollars each month to live at your desired lifestyle.
Putting all that data together, including inflation, taxes...etc, we'll be able to figure out how long your money would last at your current rate of return. We'll be able to tell from that, is it realistic to retire at your current rate of return? If not, there's only a few variables you can change.
Number one, you can work longer; number two, you can live at a lower lifestyle, spend less after tax dollars each month; or number three, you can increase your rate of return. We'll work with those three variables to figure out the optimal solution, maybe get a little bit of a higher rate of return using some of our proprietary investment vehicles to get a highly predictable rate of return, with a highly predictable worst case risk of loss to make sure that you get in that target rate of return that you're going to need to achieve that goal of retiring at 60 or whatever the age is. And if we can't get a high enough rate of return with a reasonable degree of risk, we're looking at the other variables: living at a lower standard of living or working a little bit longer. But that's what we'll help you figure out. And most people we can help significantly. We can help them achieve their retirement goals without taking an inordinate amount of risk."