ING Financial Partners

  Retirement Income

  Challenges & Strategies

 

ING IRA Rollover Glendale CA 401kSolving America's Retirement Income Challenge

35 Million Retirees....
77 Million Baby Boomers....

The financial risks facing tomorrow's retirees...

How would you replace your paycheck?

  • Do you have an income plan that will last you a lifetime?
  • What would you do if you run out of money?
  • How would you protect your retirement income from stock market losses?
  • How far will your dollar go? Will you outlive your income?
  • Will your retirement income dictate your lifestyle in retirement?
  • How would you transfer your wealth to your beneficiaries in a tax efficient manner

During the past decade, the cycle of ups and downs in the financial world have left many of us wondering about the future. Most common question has been “What options are their for helping to growing my assets and generating enough income to last a life time?”

 
Your Retirement Income needs may be entirely different than those of your friends and family members. Your financial risk tolerance is probably different, too. There is no “one-size-fits-all strategy” to meet everyone’s financial objective- especially when it comes to Retirement Income.
 
Your challenge is clear:
  • Accumulate enough assets to last 20-30 years in retirement
  • Combat inflation, health care cost and market volatility
  • Compensate for the uncertainty of Social Security and corporate pensions
  • Turn your assets into a stream of income that will last for life
Supporting a 20-30 year retirement in the face of inflation, rising health care costs and fewer source of income requires a substantial investment. But, accumulating assets for retirement is more than just saving money from each paycheck. It also means investing that money so that it has the chance to grow and to find a way to turn those assets into a steady stream of income that won’t run out.
 
While investing for the long-term provides the greatest potential, fear of losing money may tempt you to make buy and sell decisions at the wrong time. This is a costly trap that too many fall into.
  
The Retirement Income Strategy
Picking a retirement date gives a whole new meaning to the term “market timing.” If you are nearing retirement, you no longer have the time to make up any lost ground due to market volatility. Also, you may withdraw assets, which will compound the effects of market losses early in retirement.
 
For helping to create a retirement income strategy, you must look to investment products that help offer protection against loss of assets or income. You should carefully consider how to allocate investments within your portfolio. Most importantly, you should create a holistic approach to help you manage your portfolio to create stream of income by focusing on facts not assumptions, hypothetical, projections or averages. Most of the plans in the past and even today are based on assumptions of interest rate or growth averages.
  
For more information about Retirement Income Strategies
Call, 800-464-7511 or email to Info@ingcenter.com
 
 
 
 
 
 
 
 
 
 
 
 
Neither ING Financial Partners nor Joe Dermenjian offer tax or legal advice.  Please contact your tax or legal professional concerning your specific situation.

 
Calculators

Federal Income Tax

This calculator can help you estimate your annual federal income tax liability.

Tax-Deferred Savings

Compare the potential future value of tax-deferred investments to that of taxable investments.

IRA Eligibility

Use this calculator to determine whether you qualify for the different types of IRAs.

Cost of Retirement

Use this calculator to estimate how much income and savings you may need in retirement.

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Newsletters

Consider Your Retirement Needs, but Don't Forget Your Retirement Wants

A rule of thumb is that workers will need to replace about 80% of their pre-retirement incomes to maintain their standard of living in retirement. But they may need more than 80% to fund a lifestyle that they can truly look forward to. As people grow older, what once may have been considered luxuries can become basic needs.

Managing Cash When Interest Rates Are Low

It's generally a good idea to keep three to six months of income in an emergency fund, but where should cash be kept when interest rates are low? This article discusses the advantages and disadvantages of savings accounts, certificates of deposit, and money market funds.

For Better, For Worse: Communicating About Retirement

A recent study indicates that couples are not communicating clearly about retirement goals and strategies, even as they approach retirement age. This article offers suggestions to open a dialogue and encourages couples to discuss their retirement needs and desires with each other and with their financial advisor.

The Financial State of the States

Many state and local governments have struggled with lower tax receipts and large budget deficits — during and after the recession. This article offers a closer look at the financial pressures facing the states and how the methods used to address budget shortfalls could ultimately serve as a drag on the national economy.

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