Planning | Income for Life Model
Longevity is the new retirement risk.
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| Jeff Kinneston | Dan Reagan |
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Average life expectancy in the 1900's was age 46;today it's 95.* It's a real challenge for today's retirees to find ways to ensure that their retirement income continues as long as they need it.
With fewer companies providing traditional pension plans, the future of Social Security a widespread uncertainty and low interest rate levels no longer offering a strong savings vehicle for gained income, retirees are depending more than ever before on their investments to generate retirement income. Since we've all witnessed the volatility of the stock market over the last few years, it's no surprise that investment-dependent retirees wonder:
1. Do I have enough assets to last as long as I do?
2. Are they invested properly?
3. Which assets do I use first?
Jeff Kinneston and Dan Reagan can help make sure the answers are the right ones. They are Registered Investment Advisors who specialize in helping clients optimize the income distribution phase of their retirement planning. Jeff and Dan understand the critical need to have a detailed plan in place when, and even better before your paycheck stops.They know each individual's circumstances are different and they offer individually-customized approaches.
Jeff Kinneston works with clients interested specifically in retirement planning. "For most people there are no do-overs when it comes to their retirement so there is a huge responsibility to get it right. As life expectancies continue to increase and as companies have moved away from defined benefit retirement plans to employee directed 401ks, one of the greatest risks facing many of my clients today is the risk of outliving their retirement".
Dan Reagan works with individuals at all stages of life from early accumulation through retirement distribution planning. " I spend a lot of time studying new product offerings to make sure my clients can benefit from the latest developments. However the focus is never product- it's always the client's goals and dreams."
One approach Jeff and Dan use for the distribution phase of a client's retirement is the Income for Life Model. Income for Life is a trademark of Wealth2K, Inc.The central objective for the Income for Life Model is to provide reliable inflation-adjusted income for life. Jeff and Dan prepare an in-depth analysis that is unique to each client's situation.
Their planning process involves five important steps:
1. Fact Finding: Client's goals and objectives are determined.
2. Analysis : Client receives a customized Income for Life Model report.
3. Strategic Design: Client receives advice to achieve financial goals.
4. Implementation: Client receives a plan design that addresses inflation, taxes, and asset allocation.
5. Review: Client's financial plan is reviewed to capture circumstantial changes.
If you continue to ask the three questions mentioned earlier, be sure to contact Jeff or Dan to discuss the Income for Life Model. You have worked hard to accumulate your money for retirement, now make it work hard for you.
* A married couple today at age 65 has a nearly 40% probability of at least one of them living to age 95 or beyond. Source: Moulton & Company, Inc.