Retirement Planning

with u in mind

Saving up for retirement is completely different than actually being in retirement. Once you no longer have a paycheck coming in, you have to make the money you have saved up last for as long as you live. How do you do that—which accounts do you tap into first, and how much should you take out? That’s why income planning is such an important part of retirement planning.

You’ll not only need a steady stream of income, which includes optimized Social Security benefits, but you’ll also need a plan for future income taxes if you have saved up a lot in tax-deferred accounts like 401(k)s or 403(b)s. Required Minimum Distributions, or RMDs, start at age 70-1/2, causing many retirees to pay a lot more tax on money they might not even have needed that tax year, but were required to take out.

At Purpetual Wealth Management, we create retirement plans which are holistic and map out your personalized information year-by-year. We help you cover every aspect of retirement so that you don’t get surprised later by something you didn’t know about.

To learn more about retirement planning, download our free whitepaper here.