{"id":232,"date":"2020-02-19T15:12:01","date_gmt":"2020-02-19T21:12:01","guid":{"rendered":"http:\/\/gpswp.com\/lancehowardfinancial-2019\/?page_id=232"},"modified":"2020-04-27T08:53:21","modified_gmt":"2020-04-27T14:53:21","slug":"income-planning","status":"publish","type":"page","link":"https:\/\/gpswp.com\/lancehowardfinancial-2019\/income-planning\/","title":{"rendered":"INCOME PLANNING"},"content":{"rendered":"\n<p><strong><em>Enjoy smooth sailing in retirement\nwith proper income planning.<\/em><\/strong><strong><\/strong><\/p>\n\n\n\n<p>Income planning for retirement can\nbe a daunting task for many retirees because there is a lot to learn, and to\nmany people a lot of the information is new. Whether you are just setting out\non your retirement journey, or it is already well underway, you may be\nskeptical of whether you&#8217;ll have enough retirement income to maintain a\ncomfortable and enjoyable lifestyle.<\/p>\n\n\n\n<p>There are three major phases in the\nmanagement of retirement income:<\/p>\n\n\n\n<ul><li>The accumulation phase<\/li><li>The distribution phase<\/li><li>The preservation or transfer phase<\/li><\/ul>\n\n\n\n<p>Planning for your retirement may\nrequire a shift in mindset, and a solid understanding of the difference between\nretirement <em>savings<\/em> and retirement <em>income<\/em>. Prior to retirement,\nyour financial life was dictated by your paycheck. Once you retire, however,\nyou can no longer rely on a paycheck, which means you will be left to find\nother sources of income. You&#8217;ve worked hard to save for retirement, and now the\ntime has come to find methods of creating income from what you&#8217;ve saved.\nAlthough this can represent a challenge for many, it also represents a great\nopportunity to help grow your savings beyond what you&#8217;ve saved \u2014 and this is\nusually made easier by enlisting the help of a financial services professional\nthat you trust.<\/p>\n\n\n\n<p>We will work with you to help you\nuncover the various opportunities and concerns of each phase. Additionally, we\nwill walk you through the process of:<\/p>\n\n\n\n<ul><li>Determining\n     how much retirement income you will need<\/li><li>Estimating\n     how long your current income plan may last<\/li><li>Calculating\n     how much additional income you may need<\/li><li>Evaluating\n     your additional income sources<\/li><\/ul>\n\n\n\n<p>Because taxes play a major role in any financial planning process, our firm will utilize tax advantaged vehicles to accommodate your retirement income goals, such as traditional IRAs, Roth IRAs, 401(k)s, and IRA rollovers. Keep in mind, while the numerous options for your retirement savings may seem overwhelming, all of us at <strong>Howard\u00a0Financial<\/strong> are here to help you make sense of it all. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Enjoy smooth sailing in retirement with proper income planning. Income planning for retirement can be a daunting task for many retirees because there is a lot to learn, and to many people a lot of the information is new. Whether you are just setting out on your retirement journey, or it is already well underway, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":337,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.7.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>INCOME PLANNING - Howard Financial and Insurance<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"INCOME PLANNING - Howard Financial and Insurance\" \/>\n<meta property=\"og:description\" content=\"Enjoy smooth sailing in retirement with proper income planning. Income planning for retirement can be a daunting task for many retirees because there is a lot to learn, and to many people a lot of the information is new. 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Income planning for retirement can be a daunting task for many retirees because there is a lot to learn, and to many people a lot of the information is new. 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