You’ve been working hard and are thinking about retirement. So, what’s your plan? Newsflash! It’s not about how much money you’ve saved. It’s about how you position your savings in pre-retirement. With 11,000 baby boomers retiring every day, many are shocked at the level of income they are forced to live on. While those with pensions have secured a guaranteed lifetime income, those with defined contribution plans (401k, 403b, etc.) typically have not. The challenge lies in the distribution rates from these plans once you transition to retirement.
Did you know, if you plan early enough, you can potentially increase your income in retirement by 30-50% without saving any more money or taking on any additional risk?
No matter your level of wealth, engage in an educational experience to learn more regarding retirement income streams. Making great decisions in this area can have a tremendous impact in the areas of long term care protection, wealth building and eventual legacy transfer planning.
Contact us and we will begin the educational process. At McKell Partners, we are thinking about your end goals and how to help get you there in the most efficient way possible.
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