Speak with an Advisor – Retirement Income Source

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Your final approach into retirement is just around the corner

Just like a pilot has a checklist of tasks they must complete as they bring their plane in for landing, there are certain steps anyone nearing retirement must complete before making that final approach.

One of the most important tasks that all aspiring retirees need to consider is making the switch from risky growth-based investments to more conservative, income-generating investments.

It may seem like a simple thing, but if you are nearing retirement and remain over-exposed to market risk when a major correction occurs, it could be disastrous.

One of the best ways to avoid costly mistakes like this is to work with a financial advisor who specializes in helping clients navigate the complexities of planning and saving for retirement.

Ready to boost your returns by up to 3%?

Research conducted by Vanguard indicates that working with the right financial advisor can boost returns by 3% each year. More importantly, the right advisor can help you avoid costly mistakes as you approach this important time in your life.

Schedule your complimentary call with one of our Income Specialists. Fill out the form below to get started.

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The Retirement Income Store® is made up of a national network of Income Specialists with the common goal of helping retirees and pre-retirees reduce their exposure to stock market risk, so they can use their retirement savings to establish ongoing streams of income for retirement.

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Do you have 15 minutes to ensure you’ve done all you can to enjoy the retirement you truly deserve?

Call (888) 888-4176

6550 N Federal Hwy, Suite 512
Fort Lauderdale, FL 33308

Investment Advisory Services offered through Sound Income Strategies, LLC, an SEC Registered Investment Advisory Firm. Retirement Income Source, LLC and Sound Income Strategies, LLC are associated entities.

Use of this website and any associated services, constitutes agreement and acknowledgement that all telephone phone calls made to or from our representatives may be recorded for quality assurance and internal training purposes. If you do not wish to have your calls recorded, please refrain from submitting your telephone information and/or using our services that involve telephone communication.

Nebraska

Eric Cote

Investment Advisor Representative, Retirement Income Source

Phone: (651) 758-1324

Email: ecote@retirementincomesource.com

City: Omaha

State: Nebraska

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Missouri

Andrew Emmerich

Investment Advisor Representative, Retirement Income Source

City: St. Louis

State: Missouri

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Daniel Wren

Investment Advisor Representative, Retirement Income Source

City: St. Louis

State: Missouri

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Ready to boost your returns by up to 3%?

Within Ten Years of Retirement

Risk Management: How prepared is your portfolio for a market downturn?

I haven’t thought about what a big market drop would do to my savings.

I know a downturn would hurt, but I’d probably recover over time.

I’ve already adjusted my investments, so a downturn won’t derail me.

Optimization of Income: How clearly do you know the income you’ll need in retirement?

I’m not sure what I’ll need or where it will come from.

I have a ballpark number, but no detailed plan.

I’ve calculated my income needs and know exactly how I’ll fund it.

Unexpected Expenses: If something happened to you tomorrow, how prepared would your dependents be?

They’d be financially lost without me.

They’d manage for a little while, but eventually struggle.

They’d be more financially secure because I’ve planned ahead.

Tax Efficiency: How well do you understand the taxes you’ll pay on retirement accounts?

I have no clue how retirement withdrawals are taxed.

I know the basics, but I’m not sure how it affects me.

I fully understand and have strategies in place to help minimize taxes.

Estate Planning: How prepared are you with wills, directives, and estate plans?

I don’t have anything written down.

I’ve started, but my plan is incomplete or outdated.

I have a complete and current estate plan in place.

At Retirement Age

Risk Management: How would a market swing affect your lifestyle right now?

It could force me to delay or change my plans.

I might need to tighten my budget for a while.

It wouldn’t change my retirement lifestyle.

Optimization of Income: How certain are you about your retirement income sources?

I don’t really know where the money will consistently come from.

I know the main sources, but I haven’t planned how to use them.

I’ve mapped out all income streams and how they work together.

Unexpected Expenses: How prepared are you for long-term care costs?

I haven’t planned for them.

I’ve thought about them, but I haven’t secured coverage.

I have protection and funding strategies in place.

Tax Efficiency: How well do you understand taxes on your withdrawals and RMDs?

I don’t understand them at all.

I have a general idea, but not a detailed strategy.

I fully understand and have a tax-efficient plan.

Estate Planning: How prepared is your estate plan?

I don’t have one.

I’ve started, but it’s incomplete.

I have a complete, updated plan in place.

ALREADY RETIRED

Risk Management: How do you feel about market volatility?

It makes me anxious that I’ll run out of money.

It worries me sometimes, but not always.

I feel secure no matter what the market does

Optimization of Income: How secure do you feel about sustaining your income?

I’m worried I’ll outlive my money.

I think I’ll be okay, but I’m not fully certain.

I’m confident my income will last.

Unexpected Expenses: If you faced a major medical expense today, what would happen?

It would devastate my finances.

It would hurt, but I could manage.

I’d be covered without stress.

Tax Efficiency: How prepared are you for taxes on withdrawals, RMDs, and Medicare penalties?

I haven’t planned for them at all.

I know about them, but I don’t have a strategy.

I’ve implemented tax strategies to help reduce their impact.

Estate Planning: How updated is your estate plan?

I don’t have one.

It exists, but it needs updates.

It’s current and clearly protectsmy wishes.

Where are you on your retirement journey?

Retirement Readiness Self-Assessment Survey

____ RISK MANAGEMENT

My retirement accounts have been stress-tested for various market conditions.

My investments are safeguardedagainst market crashes.

Fear won’t stop me from enjoying retirement when the market drops.

My current investments match my risk tolerance.

____ OPTIMIZATION OF INCOME

I know how much income I need to support my retirement goals.

I know how much I can spend without touching my principal.

I have calculated inflation into my need for retirement income.

I don’t fear running out of money because I have a solid income plan.

____UNEXPECTED EXPENSES

If I were not here tomorrow,my dependents would be fine financially.

I’m prepared for the cost of future medical events.

I can handle long-term care expenses without running out of money.

Risk Management:
How prepared is your portfolio for a market downturn?

Optimization of Income:
How clearly do you know the income you’ll need in retirement?

Unexpected Expenses:
If something happened to you tomorrow, how prepared would your dependents be?

Tax Efficiency:
How well do you understand the taxes you’ll pay on retirement accounts?

Estate Planning:
How prepared are you with wills, directives, and estate plans?

Risk Management:
How would a market swing affect your lifestyle right now?

Optimization of Income:
How certain are you about your retirement income sources?

Unexpected Expenses:
How prepared are you for long-term care costs?

Tax Efficiency:
How well do you understand taxes on your withdrawals and RMDs?

Estate Planning:
How prepared is your estate plan?

Risk Management:
How do you feel about market volatility?

Optimization of Income:
How secure do you feel about sustaining your income?

Unexpected Expenses:
If you faced a major medical expense today, what would happen?

Tax Efficiency:
How prepared are you for taxes on withdrawals, RMDs, and Medicare penalties?

Estate Planning:
How updated is your estate plan?