Will You Face an Income Gap in Retirement?

Not all retirement expenses are created equally. As you prepare for retirement, it is important to understand there are generally two kinds of retirement expenses:

ESSENTIAL:
These are expenses you have to pay, such as your mortgage and other related home expenses, food, car bills/maintenance, healthcare, etc.

DISCRETIONARY:
There are your “lifestyle” expenses, such as entertainment, travel, and other leisure activities.

A secure retirement is built on the foundation of having enough guaranteed income to meet your ESSENTIAL expenses. Of course, we all want to be able to LIVE THE LIFESTYLE of our choice, but we know at the very least that if we meet our essential expenses, we’ll be able to sleep well at night.

There are 4 steps you can follow to help identify your retirement income needs:

1) ESTIMATE you expenses in retirement
2) CALCULATE your potential retirement income gap
3) DETERMINE your income sources
4) CREATE AN INVENTORY of your current investment portfolio

You can use our worksheet to complete the above steps. If the result of your calculations is negative, you may want to consider sitting down and discussing your current strategy.

Download 'Will You Face An Income Gap In Retirement?' Worksheet

HAVE A LIST OF QUESTIONS AROUND YOUR FINANCES?

Thinking about your retirement situation?
Let’s chat. Find a time on our calendar to reserve a 15 min. phone call with either Sam, John, or Ryan - we'll use this time to get to know you and your needs and talk about the retirement planning obstacles you may be facing.

The 365 Retirement Plan Process:

Schedule An Introductory Phone Call

This phone call will give us both a chance to make sure your situation matches our expertise. After all, you wouldn’t see a podiatrist if you needed heart surgery!

Build Your Plan

Work with our team to create a comprehensive strategy that coordinates all aspects of your personal and financial situation. We provide specific recommendations on how to accomplish your retirement goals.

Enjoy Less Stress

Start feeling confident, content, and secure with your retirement situation. You might even sleep better!

Start Building Your 365 Retirement Plan:

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Retirement Planning

Will You Face an Income Gap in Retirement?

Not all retirement expenses are created equally. As you prepare for retirement, it is important to understand there are generally two kinds of retirement expenses:

HAVE A LIST OF QUESTIONS AROUND YOUR FINANCES?

Thinking about your retirement situation?
Let’s chat. Find a time on our calendar to reserve a 15 min. phone call with either Sam, John, or Ryan - we'll use this time to get to know you and your needs and talk about the retirement planning obstacles you may be facing.