Retirement Planning - Lifetime Income Solutions

Finding out whether you have enough money to enjoy your retirement is only half of the equation. The other, and more important half, is maximizing the amount of income available while ensuring that your money lasts throughout your lifetime. This is the ultimate goal of retirement.

Retirement income is often made up from three sources: Social Security, pension benefits and personal savings. For two of those sources, Social Security and pensions, you have no control over how much you will receive – it is a “you get what you get” situation. As a result personal savings most often must make up the shortfall between your retirement income and expenses. Never is the link between investment management and retirement success more vital than when working to meet this shortfall. Ultimately how well your investments perform and the amount of risk you are willing to take will determine the amount of money you have to draw from throughout retirement. Recognizing this, Financial Perspectives has developed an innovative investment selection and asset management solution to guarantee the success of maximizing your income and making your money last. We make sure that your portfolio is constructed and managed properly for the long-term so that it realizes the return needed to sustain your lifetime income stream.

Additionally, unlike other products or services that claim to do the same, our method for generating lifetime income provides you with the most flexibility when it comes to accessing your money. It will not be locked up for years, nor will you be penalized or charged a fee if you need more funds than planned. We believe you should be able to get to your money without having to worry about paying a price, especially in the case of an emergency, which would not be the case with most financial products. Moreover, the process we employ will be uniquely tailored to meet your needs, rather than the one-size fits all solutions available to the mass market. This way, you have the option of decreasing or increasing your income as the situation warrants, which also strengthens our ability to ensure your money lasts for your lifetime.

Once you leave the workforce, you no longer receive that regular paycheck and must now rely on the three sources mentioned above for your income. So how do you turn your retirement savings in to an income stream? As part of our lifetime retirement income solution, Financial Perspectives manages this aspect so that you receive a “payment” from your portfolio on an ongoing basis, just like you used to receive a paycheck. We have over a decade of experience with successfully providing this solution for our clients. By working closely with us, together we can ensure that you do not have to worry about setting up and managing the income replacement distributions from your portfolio or outliving your money, so you are then free to focus on living your ideal retirement.