Ingenuity Financial Partners

Retirement Solutions

Retirement Solutions and Income Planning

Retirement Solutions and Income Planning

We strongly believe in a diversification of retirement income sources, with heavy emphasis on guaranteed income streams when the time comes to say goodbye to the workforce.

Before that time comes however, it is vitally important to create a personal savings discipline and accumulate assets.

Diversification of retirement income sources is important in retirement and although Social Security has been blasted in the media, we believe it will pay benefits and is an important component in planning for retirement. We help our clients understand the many Social Security Income options available to them. Individuals who coordinate future SSI benefits with pensions, 401(k)’s, IRA’s Roth IRA’s, 403(b)’s, 457 plans, annuities and personal savings can develop a plan that will provide guaranteed “paycheck’s in retirement.

Retirees face a number of risks in retirement, the #1 risk is outliving their assets. That’s pretty scary. The second biggest risk facing retirees is how much money is safe to withdraw from their retirement account to make it last and # 3 is how will their investments perform after they start taking money out.  People who retired and started to withdraw funds for living expenses in 2008 when the S&P declined by 36.99%, experienced a great deal of pain.