In Retirement

A solid retirement portfolio can provide income for expenses and may continue to earn you money, even as you begin to make withdrawals.

Determine Your Withdrawal Rate

A major factor in determining how long your money will last is how much you will withdraw each year. Experts say a good place to start is with a 4% to 5% withdrawal rate.

Develop Your Withdrawal Strategy

Your strategy will help you determine from which accounts to withdraw first and how you want to receive your payments. Consider taxable versus tax-deferred account withdrawals and whether you will receive regular payments versus a lump sum. You'll also want to have a good understanding about the IRS's rules for Required Minimum Distributions (RMDs). The RMD Distribution Guide can help you clarify those rules.

Establish a Plan for Receiving Withdrawals

There are many options for how and when you want to receive your money during retirement. You can set up an automatic withdrawal plan to receive your money as often as you would like. Learn more about our Paycheck In Retirement service that allows you to receive a regular paycheck, just like when you were working.

Consolidate for Simplicity

How spread out is your money? Three, four or more investment companies? A bank? Old 401(k) accounts with former employers? After a lifetime of accumulating assets, you could end up with money in more places than you intended. This can make it difficult to manage your investments.

By consolidating to fewer accounts and/or financial companies you can:

  • Track statements and tax documents more efficiently
  • See how purchases or withdrawals affect your total portfolio
  • More easily meet investment minimums and potentially reduce costs of having multiple accounts
  • Qualify for fee discounts, price breaks or other asset-based benefits when you reach a certain dollar amount with one company
  • Make it easier to take required minimum distributions and
  • Potentially make it less complicated for your heirs to settle your estate

Investment Solutions

Having the appropriate mix of stocks, bonds and cash in your retirement portfolio can play a vital role in improving your odds of retirement success. Spreading your money across different asset types, or diversification, can be a successful tool for managing market volatility over the long term.

Our Investment Consultants offer guidance in creating a portfolio tailored to your specific needs and situation. Request a complimentary consultation.

Diversification does not assure a profit nor does it protect against loss of principal.