Preparing for Retirement

Preparing for Retirement

Clients whose income is not based on government benefits or a defined employer pension plan may have difficulty envisioning how to take retirement savings and turn them into a stream of income throughout retirement. How you turn savings into a tax-effective income stream for clients involves new strategies and a variety of investment vehicles.

Some of these strategies may be new to your clients and you will need to explain how they work. Clients also have to give themselves permission to spend their savings in retirement. Clients need a retirement income projection that gives them some idea how long the money will last.