206 Boston Post Road
Saving and investing for retirement can seem like an insurmountable task. One area of specialization at Madison Financial Planning is our ability to provide strategies aimed at turning their savings into a lifetime income stream. Retirees are living longer, so you may need to plan for 30 or 40 years in retirement. Retirement income distribution strategies designed to account not only for inflation and market fluctuation, but also for your specific needs and tax concerns, are critical to providing consistent income and capital protection.
A sound strategy is crucial both during the accumulation stage and when you have already retired. You need to ensure that you can meet your retirement income needs, maintain your lifestyle choices, and fund long-term goals for healthcare, estate planning, and travel.
We can help you develop a comprehensive plan with the following goals:
One example of how we help individuals in the distribution phase is by reviewing the different options for claiming Social Security, and the financial consequences of that decision. How old you are when you claim has a dramatic effect on the monthly benefits you and, if married, your spouse will get for the rest of your lives.
Retirees look for ways to convert savings and investments into regular income. One option to consider is an annuity.
Here are five facts about Social Security that might surprise you.
Learn about Retirement