Income in Retirement | Workers Investments & Planning Solutions

Creating income for the next chapter of your life.

With retirement often lasting 20-plus years, amassing a large amount of money in investment accounts may not be enough anymore. Retirees should plan for ways that aim to help their money grow and generate income.

Millions of Americans in retirement may be scrambling to find ways to make ends meet without the income from a full-time job.

Fortunately, there are several possible strategies available for those looking to increase their income during their non-working years. At Workers Investments & Planning Solutions, one of our Financial Advisors can help you work to overcome several retirement income challenges and create a predictable income stream by:

Designing a retirement plan
Uncovering your basic expenses and discretionary expenses
Evaluating current sources of retirement income
Identifying potential gaps between income and expenses
Anticipating fixed and discretionary expenses in retirement
Positioning assets to generate income
Uncovering new sources of income

Social Security

To get an estimate of your Social Security benefits, visit the The United States Social Security Administration | SSA. Did you know…once you reach normal retirement age, you can earn as much as you want without affecting your Social Security retirement benefit. A financial advisor can help you decide when to start taking your benefit.

To learn more about generating income in retirement, contact us today to schedule a complimentary, no-obligation appointment.

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