STRATEGY 4:
STRATEGY 5:
Managing Market Volatility
Tax-Efficient Income Planning
Taxes can significantly impact retirement income, reducing the amount you have available to spend. Strategic planning—such as Roth conversions or optimizing your withdrawal sequence—can help minimize your tax burden. FOR EXAMPLE: Retirees may reduce taxes by drawing from taxable accounts first, preserving tax-advantaged savings. Strategic Roth conversions allow for tax-free withdrawals later, particularly in lower-tax years. Collaboration with a tax advisor can help ensure your retirement plan is structured to maximize income while minimizing unnecessary tax exposure.
STRATEGY 6:
Planning for Longevity
With life expectancy rising, retirement savings may need to last 20-30 years or more. Planning for longevity involves strategies that help ensure financial security over an extended retirement.
Market volatility is inevitable, but it doesn’t have to derail your retirement. Strategies such as maintaining a cash reserve for short-term needs and adopting a well-diversified portfolio may help mitigate market risk. It’s important to remember that market downturns are often temporary. A long-term strategy focused on disciplined investing and risk management can help retirees navigate economic uncertainty while preserving their financial well-being.
POTENTIAL SOLUTIONS INCLUDE:
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A proactive approach can help retirees maintain financial stability—no matter how long their retirement lasts.
Regular financial reviews to adjust spending and investment allocations as needed.
Lifetime income or longevity insurance, which can provide predictable payouts for added peace of mind.
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