It’s been said that if you don’t have an income plan, you really don’t have a retirement plan. You’ve probably heard the term “income plan” before, but how crucial is it to your overall retirement strategy? In today’s episode, Steve discusses the importance of income planning and why it’s such a critical part of your retirement plan.
Retirement planning is all about preparing for the transition from a steady paycheck to living off of your investments. And, surprisingly, many people underestimate their retirement needs by as much as 50%. Stay tuned as we share why this gap exists, how to avoid it, and the key steps to creating an income plan that will give you retirement confidence.
Here’s some of what we discuss in this episode:
0:00 – Intro
1:20 – Why income plans are crucial
3:47 – People underestimate their retirement needs
6:02 – How Steve guides clients through this process
8:57 – A common client scenario
Resources
Get your copy of Power Up Your 401K: https://keap.page/ngt919/toolkit.html
Follow along on YouTube: https://www.youtube.com/channel/UCEE5ZkDedYTsKzkh2UxQ9Sg
Book your 401(k) Onboarding Meeting with Steve: https://calendly.com/steven-powerhouse-advisor/401-k-retirement-meeting-1-hour-clone?month=2024-12
Other ways to get in touch:
Phone: (775) 266-8867
Our website: https://powerhousefinancialadvisors.com/
LinkedIn: https://www.linkedin.com/company/powerhouse-financial-advisors/
Facebook: https://www.facebook.com/PowerhouseFinancialAdvisors
