Retirement Income Planning
Our Services
Income Planning
A sound retirement income plan begins with understanding how much income you will need and how the different pieces of your financial life will work together to provide it. That includes making sense of employer retirement options and pensions, determining when to claim Social Security, and deciding how and when to withdraw from your accounts in a tax-efficient way. We coordinate these decisions into an income strategy designed to support your needs throughout retirement.
Start With Your Income Needs
A sound retirement system starts by defining your income needs throughout retirement. That includes everyday living expenses, and the larger expenses you plan to make, such as the trip you’ve been waiting for, downsizing your current home, or purchasing a second home on the Cape or beyond. We also help you identify any income gaps in retirement and develop sound strategies to fill them.
Make Sense of Your Employer Plan Options
Once we understand the income you want during retirement, we look at the income sources available to you, starting with your employer’s defined benefit and defined contribution plans. We walk you through the options inside your employer’s plan, the pros and the cons, so you can make a more financially informed decisions for you and your family.
When Should You Claim Social Security?
Deciding when and how to elect your Social Security benefits is one of the most important financial decisions you will make in retirement. With many Americans 65 and older relying on Social Security for much of their family income, the wrong claiming choice could meaningfully change how you live in retirement. We help you analyze your Social Security and pension benefits so you have the information you need to decide with confidence.
Withdraw Your Income Tax-Efficiently
The final step is determining how to withdraw the remaining income you need from your retirement accounts in the most tax-efficient order. Coordinating which accounts you draw from and when, works hand-in-hand with our advanced tax planning process.
Frequently Asked Questions
When should I start retirement income planning?
At the latest, in the transition phase, roughly five to ten years before your target retirement date. That window will provide time to coordinate Social Security timing, pension elections, and withdrawal sequencing before the decisions become irreversible.
Do you work with clients outside Cape Cod?
No. We work with clients in multiple states through virtual meetings in addition to serving clients in person at our Falmouth, Duxbury, and Mansfield offices. Clients can choose the meeting format that works best for them.
How does income planning fit into my overall retirement system?
It’s the starting point. Your income needs drive how we design your investment strategy, tax plan, risk management, and legacy plan. These are the five coordinated pillars, not five separate products.
Ready to see what your retirement income could look like?
Schedule a complimentary conversation at our Falmouth, Duxbury, or Mansfield office.