{"id":14,"date":"2019-10-14T21:19:18","date_gmt":"2019-10-14T21:19:18","guid":{"rendered":"http:\/\/gpswp.com\/financialdistributorsllc-2019\/?page_id=14"},"modified":"2021-12-03T16:02:12","modified_gmt":"2021-12-03T16:02:12","slug":"income-planning","status":"publish","type":"page","link":"https:\/\/gpswp.com\/myprismwealth\/services\/income-planning\/","title":{"rendered":"Income Planning"},"content":{"rendered":"\n<h3>Enjoy smooth sailing in retirement with proper income planning.<\/h3>\n\n\n\n<p>Retirees often find Income Planning to be daunting because there is a lot of new information they have never seen before. Whether you are just setting out on your retirement journey, or it is already well underway, you may be skeptical of whether you&#8217;ll have enough retirement income to maintain a comfortable and enjoyable lifestyle.<\/p>\n\n\n\n\n\n<p>There are three major phases in the\nmanagement of retirement income:<\/p>\n\n\n\n<ul><li>The accumulation phase<\/li><li>The distribution phase<\/li><li>The preservation or transfer phase<\/li><\/ul>\n\n\n\n<p>Planning for your retirement may\nrequire a shift in mindset, and a solid understanding of the difference between\nretirement <em>savings<\/em> and retirement <em>income<\/em>. Prior to retirement,\nyour financial life was dictated by your paycheck. Once you retire, however,\nyou can no longer rely on a paycheck, which means you will be left to find\nother sources of income. You&#8217;ve worked hard to save for retirement, and now the\ntime has come to find the proper methods of creating additional income from\nwhat you&#8217;ve saved. Although this can represent a challenge for many, it also\nrepresents a great opportunity to potentially grow your savings beyond what\nyou&#8217;ve saved \u2014 and this is usually made easier by enlisting the help of a\nfinancial services professional that you trust.<\/p>\n\n\n\n<p>We will work with you to help you\nuncover the various opportunities and concerns of each phase. Additionally, we\nwill walk you through the process of:<\/p>\n\n\n\n<ul><li>Determining how much retirement income you will need<\/li><li>Estimating how long your current income plan may last<\/li><li>Calculating how much additional income you may need<\/li><li>Evaluating your additional income sources<\/li><\/ul>\n\n\n\n<p>Because taxes play a major role in\nany financial planning process, our firm will utilize tax advantaged vehicles\nto accomplish your retirement income goals, such as traditional IRAs, Roth\nIRAs, 401(k)s, and IRA rollovers.<\/p>\n\n\n\n<p>Keep in mind, while the numerous options for your retirement savings may seem overwhelming, all of us at %%COMPANY NAME%% are here to help you make sense of it all.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Enjoy smooth sailing in retirement with proper income planning. Retirees often find Income Planning to be daunting because there is a lot of new information they have never seen before. Whether you are just setting out on your retirement journey, or it is already well underway, you may be skeptical of whether you&#8217;ll have enough [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":6,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.7.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Income Planning - My Prism Wealth<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gpswp.com\/myprismwealth\/services\/income-planning\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Income Planning - My Prism Wealth\" \/>\n<meta property=\"og:description\" content=\"Enjoy smooth sailing in retirement with proper income planning. Retirees often find Income Planning to be daunting because there is a lot of new information they have never seen before. 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