Many people put lots of thought and effort into preparing for retirement. They have saved and planned for years. However, all that work has mostly been concentrated on the accumulation phase of retirement planning.
What some people don’t realize is that how you distribute your money and manage your income streams after retirement has begun is just as important. Maybe even more so, because you no longer have access to regular employment income.
Developing strategies for when and how to trigger and produce income streams throughout retirement is a key component of a successful retirement. If this isn’t managed correctly, you risk not having enough money to last as long as you need it to.
At Acute Wealth Advisors, we help each of our clients develop a concrete plan to meet their income needs, in any circumstance or under any market conditions, so that they can successfully navigate the decisions they face in their retirement years.