Preservation Wealth Management Retirement And Income Planning

Retirement Income

We help individuals and families pursue their ideal retirements.

Retirement Income Strategies in Montgomery County, PA

Retirement planning is one of the most important processes if you want to enjoy a secure and comfortable life once you leave the workforce. Concern over solely relying on 401(K) retirement plans and uncertainty about future social security funding is forcing many to create a sound financial cushion that gives you peace of mind. It’s important to yield a sustainable cash flow that enables you to live the lifestyle you want without compromise, and at Preservation Wealth Management, we can help. We’re proud to help residents of King of Prussia, Montgomery County, Chester County, Delaware County, Bucks County, and Lehigh County, PA , capitalize on their earnings and help them create long-term strategies for success.

Retirement Planning Services

Your retirement income strategies must reflect your investment style. It’s important to understand the different options out there, so you can decide what you are most comfortable with.

Systematic Withdrawal Strategy

This is one of the most popular retirement planning services that includes a diversified portfolio made up of stocks, bonds, mutual funds, and certificates of deposit. You can slowly sell off your investments based on your needs — allowing you to withdraw when required as part of your income planning goals. For this to work, the focus must be aimed at overcoming the volatility of equities through a long-term returns strategy and inflation-adjusted cash flow. A good wealth accumulation plan may also be part of this strategy. This works well for people who have a relatively good-risk tolerance level.

Asset PRotection

Another way to invest for your retirement is by grouping investments into different buckets as part of an asset protection plan. This may include some guaranteed income products like insurance annuities to provide you with a supplemental income while you are retired. You can further diversify through a range of other investments like bonds, CDs, mutual funds and even equities — giving you a mix of multiple strategies to diversify your portfolio and protect your assets.

Flooring Strategy

The flooring strategy breaks up spending plans into needs and wants. In other words, you can have a guaranteed retirement income that takes care of your needs from a secure income source. You can take care of your wants from riskier investments that can provide better returns. A small downside when it comes to secure retirement investments is you often give up better returns for the added safety net. One way to compound your interest is to invest in tax minimization vehicles like insurance products for a certain period.
With Life insurance, you set up a life insurance policy for your survivors in the event of your death. Since this is something you do for your family, you want to get it right. Whole life insurance policies sometimes have a cash value component that you can collect after the maturation date. However, it can also be more expensive than term life insurance or universal life insurance.

Income Planning For Retirement

Setting realistic expectations about your post-retirement needs will help you determine a good retirement portfolio. You will need to consider certain factors including:
Will you still be paying off your mortgage?
Are you planning to travel for extended periods?
Do you have a contingency fund for unforeseen medical expenses?
Do you have any bucket-list goals you want to complete?
Different retirement income strategies work best for different people, which is why it’s important to assess your personal goals before arriving at the right solution for your needs.

Why Work With Preservation Wealth Management?

Whether you’re in King of Prussia, Montgomery County, Chester County, Delaware County, Bucks County, or Lehigh County in PA, Preservation Wealth Management will take good care of you. Steve is a Registered, Income Certified Professional, RICP® with years of experience in the industry and is committed to forging long-term relationships with every client. With Steve, you can expect personalized service and close attention to every detail, creating viable retirement income strategies that are designed to protect you and your future. Contact us today to get started!

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