08/14/2012

PLANNING Your Retirement Income

Retirement Income Planning Isn't Optional

"If you fail to plan, you are planning to fail!"
--Benjamin Franklin

Benjamin Franklin's quote couldn't be more true when it comes to retirement income planning. The importance of retirement income planning as a separate and distinct discipline from traditional retirement planning was magnified during the October, 2007 - March, 2009 stock market decline. Just ask anyone who retired just before, or during, this period that didn't have a retirement income plan in place when he/she retired.

With increasing life expectancies, record-low interest rates, traditional pension plans going by the wayside, soaring health and long-term care costs, the potential for increasing inflaton, and uncertainty regarding Social Security and Medicare benefits, retirement income planning is no longer an option. It has become a necessity for anyone who wants to increase the likelihood that he/she will have sufficient income to meet his/her expenses for the duration of retirement.

What's Your Retirement Income Number?

The consequences of not having a dynamic retirement income plan that's managed and protected from unforeseen events can be costly at the least and potentially financially and emotionally devastating. This applies to the individuals who fail to plan as well as to their family, and, potentially to their living and unborn heirs.

At Retirement Income Center, we're very familiar with the importance of retirement income planning. This is what we do for our clients every day. We take great pride in knowing that we're using our unique expertise and experience to make a difference in our clients' lives.

If you aren't already a client, we look forward to talking to you about how we can make a difference in your life.

Ben Franklin

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