Making Your Income Work Harder in Retirement

Money in retirement planning is about more than having enough savings. As retirement approaches, many people shift from building wealth to facing a new set of questions: How can I turn my savings into reliable retirement income? And how can I feel confident that it will last?

This is where real financial planning makes a real difference. When should you claim Social Security to maximize your lifetime benefits? Is it better to take a pension as a lump sum or as a guaranteed income? And what does it actually take to generate something like $80,000 a year in retirement without running out of money too soon? These are all questions a financial planner can, and should, help you work through. 

Social Security timing, pension options, withdrawal rates, and investment income all work together to create your retirement reality. When well coordinated, they can help reduce taxes, improve cash-flow reliability, and increase your confidence as you approach retirement. In this collection of advisor insights, you’ll learn how to make your plan (and assets) work harder in retirement.

Advisor Insights ↘

How much to have saved to earn $80k from interest?

By André Small, CFP®, MBA, A Small Investment, LLC