You've been saving, now it's time to prepare for retirement. And you hope your assets will generate a comfortable income throughout a retirement that may last 30 years or more.
The big factors will include when you retire and how much income you need to withdraw from your portfolio. You will also need the right mix of assets for growth (stocks) and stability (bonds) to stay ahead of inflation and manage risk.
|Your personalized Recommendation will include:|
|What you'll need||The amount of income you will need/prefer for a comfortable retirement|
|Where are you now||How much you can expect to withdraw and have your assets last throughout retirement, plus an in-depth analysis of your current portfolio|
|The impact of changing your retirement date||The difference that retiring early or waiting a few years can make on your long-term income|
|Investment strategy||Our recommended portfolio and how it compares with your current one|
|Action plan||Specific suggestions for adjusting your withdrawal and investment strategies to achieve your goals|
|Gene and Thelma Wright
Years from retirement: five
Goal: "We want a clear answer on how much we can expect to withdraw from our retirement assets every month—and how that would be affected by retiring later."