{"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":"2021-11-03T17:44:02","modified_gmt":"2021-11-03T17:44:02","slug":"income-planning","status":"publish","type":"page","link":"https:\/\/gpswp.com\/beaconwealthadvisory\/services\/income-planning\/","title":{"rendered":"Income Planning"},"content":{"rendered":"\n<p><strong><em>Enjoy smooth sailing in retirement\nwith proper income planning.<\/em><\/strong><strong><\/strong><\/p>\n\n\n\n<p>Income planning for retirement can\nbe a daunting task for many retirees because there is a lot to learn, and to\nmany people a lot of the information is new. Whether you are just setting out\non your retirement journey, or it is already well underway, you may be\nskeptical of whether you&#8217;ll have enough retirement income to maintain a\ncomfortable 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 class=\"wp-block-list\"><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 class=\"wp-block-list\"><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. Income planning for retirement can be a daunting task for many retirees because there is a lot to learn, and to many people a lot of the information is new. Whether you are just setting out on your retirement journey, or it is already well underway, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":351,"parent":6,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-14","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Income Planning - Beacon Wealth Advisory<\/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\/beaconwealthadvisory\/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 - Beacon Wealth Advisory\" \/>\n<meta property=\"og:description\" content=\"Enjoy smooth sailing in retirement with proper income planning. Income planning for retirement can be a daunting task for many retirees because there is a lot to learn, and to many people a lot of the information is new. 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