Broker Check

Income Distribution Planning

As your approach and ultimately reach retirement, it is time to enjoy what you have earned. Most people work hard over their lifetimes to build wealth and accumulate a variety of assets. Once they retire, it can be confusing on how to effectively transition from accumulating assets to distributing income. 

Retirement distribution planning is very different from the process of accumulating assets. Here are some questions you may want to consider:

  • What’s the most efficient way to convert assets into income?
  • What percentage of my expenses are covered by fixed income sources?
  • How can I effectively manage risk?
  • How can I make the most of the assets I have?
  • And lastly, how can I help make sure to preserve my assets to leave the legacy I want to leave?

The experienced professionals at The Hoffman Financial Group and Gerdelmann Group have educated the community by providing highly successful people like you with strategies for helping to maximize income in retirement, preserving and protecting assets, charitable giving and minimizing estate taxes

Manage Risks In Retirement

We can work with you to create an income strategy that helps balance the challenges people frequently encounter in retirement:

Longevity Risk

People are living longer and may spend 20-30 years or more in retirement, potentially 1/3 of your life could spent in retirement. You need to make sure that you don’t outlive your assets ability to produce income.

Excessive Withdrawals Risk

Understanding how decisions you make withdrawing your money in the first few years of retirement will have a meaningful impact on the backend of your life.

Market Risk

There is always the potential to lose money you’ve invested. Investment losses can result in less money to live on in retirement.

Inflation Risk

As you progress through retirement, the cost of goods and services will increase overtime. Your assets need to have the ability to increase the income they can produce.

Health Care Costs

Dramatic increases in recent years may continue, which could be a significant financial challenge during the later years of retirement.

Once you retire, your only job should be to enjoy life. Whether you want to travel, keep working at something you love or just to relax, we can help you manage your assets not only for a long, secure retirement but for a lasting legacy for your heirs as well.