Protect Your Retirement Income

If you want your money to last throughout your lifetime, you must learn to protect your retirement income. To do that, you’ve got to plan ahead. Taxes, high-risk investments, inflation, and healthcare costs will eat away at your retirement savings if you let them. 

Alloy Wealth Management can help you learn to create lasting income in retirement by minimizing taxes and preparing for the expenses that come with aging, like hospitalizations and expensive medications.

We recently blogged about health insurance in retirement. Healthcare costs are a primary reason retirees run out of money before they should. The average retiree will spend approximately $13,000 per year on healthcare costs, not including the cost of assisted living. When you retire, it’s not a matter of if you will get sick and need care, it’s a matter of when. When you prepare for the inevitable, in this case the rising costs of healthcare in our country, you can protect your retirement income and make it last 20 to 30 years.

Underestimating how much you’ll pay in taxes when you are retired is another common mistake retirees make. Most people pay taxes on social security benefits but, with expert tax planning and investment managementguidance, you can learn how to make withdraws from retirement savings accounts in a tax-advantaged way to help minimize the impact of taxes on your retirement income.

When it comes to retiring well, poor financial planning will be detrimental to your lifestyle goals. Call Alloy Wealth at 800-689-3935 to schedule an appointment with one of our fiduciary financial planners who will provide the expert guidance and tools you need to plan for retirement and feel confident that your income will last throughout your lifetime.