Retirement Income Strategies
We spend our working lives creating assets from our income, but at retirement our assets will be what delivers our income.
Preparing for and transitioning to retirement is a once-in-a-lifetime event for all of us. It makes sense to have an experienced advisor guide you to and through that stage of life. The advisors at Ford Mays Wealth Management have guided hundreds of clients along this process, so we invite you to put our experience to work for you.
Retirement income strategies change dramatically when the retiree’s income does not include a company pension. Your company 401(k) or other retirement accounts will become your source for income when you stop working for a paycheck.
How much can I safely withdraw each year so that I don’t run out of money before I run out of life? Are other sources of guaranteed income besides Social Security available to me? How should I claim my Social Security benefit?
These are some of the great questions about retirement income. Retirement comes with many risks: longevity, market risk, sequence of returns, purchasing power, long-term care, and taxation. So let us help you navigate your path to and through retirement.