Income Planning
Being able to live a life with as little stress as possible requires an appropriate amount of income. You probably have several ways to generate income beyond your working years. All sources of income have varying degrees of risk that are worth discussing and having a plan to ensure that you and your family are comfortable no matter what the markets do. We look at several different numbers, such as reliance rate and withdrawal rates, to help you analyze your income and identify any potential risks.
What is “Reliance Rate” and “Withdrawal” rate?
Check out the video below to learn how we define each and see some examples of the math.
Reliance Rate & Withdrawal Rate Explained by a Financial Professional