Do you have a retirement income strategy?
Most people assume retirement income planning consists of only reviewing investment and savings accounts.
But proper retirement income planning involves much more than just looking at financial assets.
A retirement income specialist considers your overall financial and retirement well-being factoring in social security, real estate, and a tax efficient withdrawal strategy from investments to maximize portfolio longevity.
IAM offers a personalized approach to retirement income planning focusing on: retirement income, social security benefits, and health insurance, among other considerations, for both US Residents and Americans living abroad.
Download our FREE Retirement Income Strategy Guide
Discuss your financial goals by phone or video conference with a retirement income planning specialist.
Will I have enough money to retire?
Portfolio Optimization
Tapping your savings, pension and retirement accounts, and adding your social security benefit at the right time, will allow you to receive sustainable income, help preserve your portfolio’s principle, and optimize your taxes throughout retirement.
Value of making better decisions
| Strategy | Increase in Income |
| Social Security Claiming | 9.0% |
| Dynamic Withdrawal Strategy | 8.5% |
| Tax Efficiency | 8.2% |
| Total Wealth Asset Allocation | 6.1% |
*American College of Financial Planning. RICP Course
Did you know that maintaining an allocation to growth investments can decrease the risk of running out of retirement savings?
Did you know that with a tailored retirement investment strategy you may be able to increase your sustainable income throughout retirement?
What if I take out too much?
The Risk
There are many concerns and questions when it comes to retirement.
What happens if I live too long?
How much can I spend?
What are my medical costs?
Am I invested too conservatively?
To mitigate risk in retirement, setting goals and implementing a strategic retirement income plan with a trusted adviser is key. Continued monitoring of your strategic plan is imperative.
When should I take social security benefits?
Social Security
Whether you’re the primary beneficiary of social security, the spouse, or the widow, the timing of benefits affects everyone in retirement.
- “When should I take social security benefits?” should not be a stand-alone decision.
- The timing of social security may affect the amount you receive and the amount of tax you pay.
- Maximizing your retirement income means maximizing your social security benefit.
Did you know you may be able to significantly increase the amount of social security you receive over your life time?
Have you made provisions for medical care during retirement?
What about health insurance?
Medical
Understanding medical costs and incorporating them into your plan is a crucial part of your retirement income strategy.
- How will you gap employer health coverage until Medicare is available?
- How will medical costs affect your retirement budget?
- When or if you should consider Long Term Care Insurance.
Have you considered these additional issues faced by Americans retiring abroad?
US Expats
- How to receive social security payments – into a US bank account or a local bank account.
- Social security may be limited by the Windfall Elimination Provision if there are other pensions being received, or to six months of benefits in certain cases.
- Transferring and exchanging currencies through banks may incur high fees or poor exchange rates.
- Income from investments may be subject to withholding tax.
- US banks or brokerage firms may not want to deal with non-US residents.
- National health care may be available but additional private insurance should be considered.
- Assisted living arrangements may be considerably less expensive outside the USA but conditions need to be evaluated.
- Should Medicare payments be kept up even when living outside the USA.
Are you a US citizen living outside the USA?
Download our FREE Retirement Income Strategy Guide