Plan Development

Using The “Risks to Sustainable Income for Life” solution sheet, we will discuss the eight risks that retirees are subject to today. We will then work together to determine which of the eight risks have the potential to impact you and your family the most.

Subsequently, we will address those risks that have the largest impact on sustaining income for life within your sustainable income plan. Once we both have a vision of your utopian retirement and the risks that may stand in your way, the next step is to begin a plan to help your vision become a reality.

Your Sustainable Income Solutions™ plan is built based on three guiding principles:

Individuals want a safe, stable and certain flow of income in retirement.
Retirement life spans are increasing, and inflation will eventually erode the purchasing power of any income. Therefore, you must continue growing a portion of your wealth to ensure that your income keeps up with inflation.
Individuals, including you, often make emotional decisions that are not rational. Emotions often challenge the fortitude of individuals and cause improper alterations to long-term plans, which increase the probability of damage.

Sustainable Income Solutions™ are outcome-based solutions and centered on the above principles. Stemming from your ideal vision of retirement and the advice provided by me, your financial advisor, these outcome-based solutions will combine in developing a comprehensive plan for implementation. These outcome-based solutions fall into three categories: income solutions, risk management solutions and growth solutions.

By design, each of these three solutions work together to create a dynamic and long-term plan for both accumulating wealth, as well as the preservation and consumption of wealth during retirement. Depending on your stage in life and your preferences for certainty or liquidity, these three solutions will combine to correspond with and address your unique needs and hedge against risk. The next step in creating a sustainable income plan is to discuss how this unique combination of solutions, strategies and tools is presented and considered for implementation.

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