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Your portfolio is diversified. You hope your risk is under control. But do you know how much income you really can take each year and not run out?

Decades ago, retirement was fairly predictable: Social Security and a pension provided much of your income, you moved to the Sun Belt, played tennis or golf, and you lived to age 70 or 75. Those days are gone; today's retirees must now assume greater degrees of financial self-reliance.

There is no private-pension safety net today. At one time when Social Security was paired with a pension from a lifelong employer, a retiree could potentially enjoy a middle-class lifestyle. In 2016, the highest possible montly benefit for someone retiring at Social Security's full retirement age is $2,787, or $33,453 a year. That surely won't afford you the same lifestyle you had when you were working. The cold hard truth is that we must supplement Social Security with other income streams of sources if we want to maintain or standard of living.

Many times we see couples that have a pension without a survivorsip benefit. That's potentially devastating if you don't plan for the unexpected. Couples often don't want to address the fact that if one of them died, the survivor would have a 50%-70% reduction in income, If there aren't any tangible assets that can be converted into an income stream, life insurance is a viable solution. The tax free death benefit can easily be converted into a private pension for the surviving spouse ensuring a smooth transition during a difficult time.

RISK MANAGEMENT

IRAs

There are two basic types of IRAs: Traditional and ROTH. The traditional is taxable and the ROTH is not. Unfortunately, for high wage earners, the ROTH IRA is phased out and inaccessible.

Most people will end up with an IRA during their lifetime as a result of having rolled over a 401k from their job. It may seem beneficial to have a large IRA at retirement,, but it can be a bit of a burden: first, it's a large tax liability and second, it doesn't guarantee an income stream on its own. You must have a plan to distribute your IRA in a tax efficient way and also make sure it will provide the necessary income you will undoubtedly need during your retirement years.

401k

When employers decided they no longer wanted the liability of providing employees with a defined benefit pension at retirement, the 401k was born. Now the burden has shifted to the employee.

It's still a useful retirement vehicle as long as the employer is offering a savings match. The problem is it's difficult to manage on your own. With minimal investment options, how do you protect your 401k from getting decimated at each recession like what happened in 2008? You need a plan. We'll help you create one now.

The new retirement is Social Security, a lump sum 401k, and LOW interest rates. That's a difficult proposition for today's retirees. With fixed asset yields next to nothing these days, making your nest egg last your entire lifetime without taking unnecessary risk is going to be extremely challenging. That's where we come in. We will design a private pension plan for you that gives you peace of mind knowing that you'll be able to maintain your lifestyle and not run out of money in retirement. That way, you can use the rest of your portfolio however you want; take some risks, enjoy life, have some fun. You can rest easy knowing we've done the heavy lifting for you.

Income To LAST A LIFETIME

Nothing causes more stress in retirement than worrying about whether or not your money will last. You can see the nest egg, but is it enough? Can we go on vacation? Pay for our grandson's college? Keep our club membership? Why spend your golden years worrying about rationing your hard earned money when you can eliminate all the worry with an intelligent plan. Our private pension design will give you the confidence that your money will last no matter what life throws at you. So go ahead and live life...you deserve it!