Although a Retirement Income Plan and Retirement Investment Plan sound similar, they are actually not the same thing and, in fact, they couldn't be any different.


The strategy or plan that you use leading up to retirement that focuses on growing your nest egg for retirement. This is called the ‘accumulation’ phase.

If you are one of the millions of Baby Boomers rapidly approaching retirement, you've been in the accumulation phase for the past 30-40 years and, chances are, your accumulation phase is almost over. Soon you'll be entering the "spending" phase and this is where a Retirement Income Plan is essential.


The strategy or plan that you use in retirement to draw-down your nest egg. This is called the ‘spending’ phase.

When you retire, your paycheck disappears, but your need for income doesn't. The switch from an Investment Plan to an Income Plan, is one of the most difficult phases in retirement. A Retirement Income Plan not only has to protect your nest egg and distribute monthly income, but it also has to grow your assets to keep pace with inflation.

According to The Society of Actuaries, a 65 year old couple has a 45% chance that one of them will live to age 90 and an almost 20% chance that one of them will live to age 95. While this is great news for many of us, it ultimately means that a Retirement Income Plan has to plan for success to age 90 or 95.

Our free retirement income plan

If you do not have a Retirement Income Plan, we will do one for you for FREE. Even if you are already retired, it is not too late put your current strategy to the test and see just how survivable your retirement nest egg really is.

What is included in a retirement income plan?

The first step in preparing an Income Plan is finding out how to maximize your Social Security benefits. Our software will automatically calculate the best Social Security strategies to fit with your retirement goal. Next we add in any other guaranteed retirement benefits, such as a defined benefit pension plan, and your other retirement assets like your 401(k), IRAs, etc. We then add in the total monthly budget needed to run your household and adjust it for inflation over the next 30 years. The computer then mathematically tests the plan to see how it performs over time under various stresses and calculates the plan's likelihood of success.

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