INCOME PLANNING
paving the way for a prosperous future
Effective income planning is essential for securing financial stability and achieving your long-term goals. By carefully assessing income sources and expenses, we help you create a personalized strategy that maximizes earnings, minimizes tax liabilities, and safeguards against unforeseen financial challenges. Comprehensive income planning helps ensure that you have the cash flow you need to support your dreams for future.
INCOME PLANNING
A well-constructed retirement income plan fosters peace of mind, empowering you to enjoy retirement without worrying about your finances. By outlining various income streams, such as Social Security, pensions, and personal savings, a comprehensive plan can help mitigate risks associated with unexpected expenses and market fluctuations.
Foster a Sense of peace as you look to the future
ASSESS CURRENT FINANCES
We work with you to review your income sources, assets, liabilities, expenses & budget.
REVIEW INCOME SOURCES
Our team helps you analyze your retirement income sources — from 401k’s to Social Security & investments.
EMERGENCY FUND
Without proper planning, emergency expenses can derail your income plan for the future. We help you identify the proper amount to set aside for peace of mind.
SET RETIREMENT GOALS
Together, we talk through your desired retirement age, lifestyle expectations & life expectancy.
CREATE WITHDRAWAL PLAN
At Money Mavens we help you structure a tax efficient withdrawal plan to meet income needs in retirement.
MONITORING & ADJUSTMENTS
Our team is here to help you adjust strategies based on shifting goals, changes in income/expenses or economic conditions.
CALCULATE INCOME NEEDS
With regards for inflation & desired lifestyle, we help you project your annual expenses in retirement.
INVESTMENT REVIEW
We partner with you to review & rebalance your portfolio to align with growth & future income needs.
COMMUNICATE WITH FAMILY
It is critical to discuss retirement plans and expectations with family members. We can provide tools & resources like the Generational Vault to make that easier.
We do not provide legal advice and you should consult an attorney for such advice.
Will your money last a lifetime?
Use our retirement risk analysis tool as a quick checkup to see if you are on the path to financial freedom in your golden years.
