Principles Of Retirement

When you plan with principles, you increase your probability of success. 

Grab Your Copy Today!

  • The truth about how income in retirement (page 19)
  • How to correctly diversify your assets (page 20)
  • 3 ways to file for Social Security (page 21)
  • Create one smooth income with multiple sources (page 22)
  • What to do if you have a pension (page 23)
  • 3 ways to lower your risk in retirement (page 25)
  • 2 risk strategies you should consider (page 32)
  • Common retirement strategies you should avoid (page 34)
  • How to minimize your taxes (page 36)

The Principle Of Income

The Principle Of Income suggests that you only draw retirement income from accounts that have not received significant losses.

For example, if you draw retirement income from an account that has been flat for a while or made money over the last year, you’re probably fine to use it as a source of income.

However, if your assets have taken a recent hit, like a 20% loss or so, according to this principle, you’ll want to take income from other sources until the accounts can recover. If you are drawing income from an account that is losing money, that account will be depleted much more quickly, making it difficult to recover. This principle is known throughout the industry as sequence of return risk

The Principle Of Diversification

The Principle Of Diversification suggests that you diversify your assets by objectives, like taking income, minimizing taxes, leaving a legacy, buying a boat, or whatever else you may want in retirement.

Up to this point, you have probably only experienced risk diversification with the objective of growth. Makes sense since you were in the accumulation phase of your life. Once you retire, you’ll have other objectives that must be addressed. Your accumulation strategy may fall apart if you don’t diversify your assets and investments by objectives.

The Principle Of Planning

The Principle Of Planning suggests that pre-determined guidelines increase your probability of future success. Winging your retirement is a great way to run out of money early. 

If markets go down and you have a pre-determined plan on what to do, those down markets are easier the bear. If a spouse passes and you know what to do, financially speaking, it makes a difficult transition a little easier to handle.

Don’t make decisions in the moment. That is how many emotional decisions are made, which can lead to compromising the bigger picture. 

Aspects Covered Under The Immortal Retirement

Retirement Planning is complicated. We are here help you design a retirement that not only lasts longer than you, but it also covers the different critical areas as seen below.

Income Planning

How much do you need, net of tax, to be able to retire? If markets go down, can you still afford that lifestyle?

Investment Planning

Are you still diversified for growth, like when you held a job and had a paycheck coming in? If so, it may be time to consider adjusting your portfolio and investments.

Tax Planning

If taxes are relatively low and national debt is historically high, do you believe taxes will go up? If so, do you have a plan to anticipate the possible change?

Healthcare Planning

Can you afford the cost of declining health? Some will self-insure while others may choose other options. What will you do?

Estate Planning

Do you have an updated trust? A great way to ruin family relationships is to leave it to them to figure it out. Are your documents in order?

Retirement Management

Are you able to keep up with politicians shifting the retirement landscape? We are here to guide you every step of the way.

*Diversification does not ensure a profit or guarantee against losses.