There are many life changing events that happen over the course of one’s life. The typical milestones of getting married, buying your first home, educating children, or supporting grandchildren all come to mind. From a financial perspective, preparing for and transitioning to retirement remains the most significant undertaking of one’s adult life. Part of the challenge lies in the flow of income and the transition to drawing from lifelong reserves while continuing to live life to the fullest.
As our clients near the point of financial independence, the loss of traditional income sources (wages, bonuses, etc.), needs to be replaced in order to maintain their standard of living. At this point in life, risk takes on a whole new meaning as they have to take distributions from their portfolio to meet their spending needs. Volatility and longevity become significantly more important to manage as they no longer have the ability to recover from potential loss.
At WealthPilot Financial, we have developed a methodology to match cash flow needs with cash flow sources. This process helps clients gain clarity and confidence that they will be able to live life to the fullest, regardless of how long that may be.
We provide clients with a retirement income distribution strategy which gives them the opportunity to see their income and how it can be impacted by known and unknown circumstances. The modeling we provide helps remove the guesswork in the retirement planning process and empowers our clients to live well, but within their means.
We even have had the opportunity on occasion, due to early preparation, to encourage and demonstrate to retiring clients how they could be able to spend and enjoy more in retirement than they thought was possible.
To us retirement should be a welcome achievement, not a stressful experience.