Retirement Income Strategies and Cash Flow Analysis
Let your lifestyle define your retirement; we’ll help you figure out the best way to pay for and help protect it. Everyone’s retirement income needs vary. Whether you want to travel, open a business, or spend more time with family, you will need a consistent stream of income in retirement that you can’t outlive.
The traditional retirement for most retirees is a thing of the past. This was when you worked for the same company most of your career, retired with a pension and Social Security that supplemented most of your preretirement income, which required minimal financial planning.
Today people are retiring younger and living longer. We need to plan for longevity and account for potential increases in medical cost. Ultimately, in today’s retirement we are more self-dependent financially when planning for income in retirement.
Cardinal Wealth’s income strategy assessment will help provide and overview of what your lifestyle could cost, your desire to spend it all or to leave a legacy, how you plan to pay for it, and determine if you are on the right track. We will review how much you can spend on a sustainable basis and which retirement income sources should we tap first and in what amounts.