{"id":163,"date":"2018-12-19T10:04:14","date_gmt":"2018-12-19T18:04:14","guid":{"rendered":"https:\/\/gpswp.com\/wealthfinancialgroupwest\/?page_id=163"},"modified":"2019-06-13T06:16:11","modified_gmt":"2019-06-13T13:16:11","slug":"retirement-income-planning","status":"publish","type":"page","link":"https:\/\/gpswp.com\/wealthfinancialgroupwest\/services\/retirement-income-planning\/","title":{"rendered":"Retirement Income Planning"},"content":{"rendered":"

The average retirement lasts 18 years<\/a>. That\u2019s a pretty long time, especially without generating a paycheck every month. For many, however, retirement can last far longer, sometimes 30 years or more. Imagine that \u2013 30 years with no paycheck each month. Where will that money come from? How will you generate a paycheck you can\u2019t outlive?<\/p>\n

That\u2019s what income planning for retirement is all about. We want to help you generate a stream of income you can rely upon and feel confident in.<\/p>\n

For example, a retired couple with $100,000 per year in expenses and 20 years of projected retirement would need $2,000,000 in income generated to meet their expenses. Even with a 4% withdrawal rate, a rule of thumb used to help determine withdrawals from retirement accounts, you would need over $2.5 Million in assets to generate $100,000 a year \u2013 and that doesn\u2019t even factor in the increases in living expenses due to inflation. If that number sounds scary to you and you\u2019re not sure if you have enough, we can help!<\/p>\n

Retirement Income Planning Details:<\/h3>\n