Eric Greenhow

Have You Done a Retirement Income Analysis?

One of the most common concerns we hear almost on a daily basis is, “do I have enough money to retire?” Thought of another way, when will you have enough money that you can quit working and retire comfortably?

A “retirement income analysis” can help you create a picture of where you stand today and identify the various income sources available to you—whether a monthly pension, social security benefits, guaranteed annuity income, dividends and interest from your investments and so on.

Our clients often express to us their concern of being able to continue a comfortable lifestyle during their retirement years, without the fear of running out of money. Going through the process of a retirement income analysis can help quantify your expected monthly budget, mortgage payments, auto loans, home utilities, etc. and be sure that you have the income necessary to meet your expenditures.

The sooner you can have an idea of what you’ll need to retire, the sooner you can set a goal to achieve and know whether you’re on track to make retirement a reality.

We see the situation many times where people will contribute to the 401(k) plan through their work, they contribute to IRAs each year, and they’ll also build a stock or mutual fund portfolio over the years, too. But they don’t really understand if the money they’ve set aside is going to be adequate, or when will they have enough to begin living off of their money instead of having to work? It takes a lot of money to retire these days we’ve determined, and at the rate everyday costs are increasing, it’s no doubt it will take even more money to retire in the future than it does today.

So contact your Financial Advisor and arrange a meeting to walk through a retirement income analysis.


Content in this material is for general information only and not intended to provide specific advice or recommendations for any individual. No strategy assures success or protects against loss. Investing involves risk including loss of principal. Securities offered through LPL Financial, Member FINRA/SIPC. Investment advisory services are offered through LPL Financial, a registered investment adviser, or Allen & Company of Florida, LLC. DBA Allen & Company, a registered investment advisor and affiliate of LPL Financial. 

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