find a local Fiduciary Advisor in

 north carolina

What is Income Allocation?

When you started your career, you most likely had a plan of where you wanted to go. Maybe your goal was to make a certain salary or hold a certain position. Perhaps, your plan was to find true life balance, and have a career you love while spending time with your family. Whatever your goal is or was, you always had a plan. In today’s world, you must also have an income allocation plan for retirement in addition to a retirement plan. Yes, there is a difference.

You have always had an income plan throughout your career and that was called a "Paycheck". Without it, you would not have been able to pay your bills and enjoy a certain lifestyle. In retirement this plan changes because you do not have the same cash flow you once had. The reality is, no matter where your savings and investments are stored, you are spending them down. You will need all your money to maintain your lifestyle in retirement.   

While you are working you have a steady income stream, you have the confidence in that steady stream of cash, what do you do when it stops?

This is when income allocation comes into play. A fiduciary advisor will show you how to integrate income allocation plan into your retirement. They will show you exactly what you need to maintain your lifestyle. This will give you what you need to replace the gap your paycheck used to fill.

Important Things to Remember When You Have an Income Allocation Plan:

Trust the Process
  • Income allocation forces you to prioritize your needs throughout retirement. We know this is not always easy; especially, if you are used to a certain lifestyle. This is where a local advisor in North Carolina will help you focus on what is important.
The Numbers Need to Make Sense
  • Income allocation is simple and based on math and science, not on the value of the markets. In retirement, you cannot afford to take huge risks with your savings. With an income allocation plan you will be protected throughout the course of your life.
  • A local fiduciary advisor in your area will help you set a budget and understand the different income streams during your retirment.

If you are preparing to embark on the retired life, we want to help you succeed. Click on Find Match and get paired with a local fiduciary advisor in North Carolina. Ask how they can help you design a personalized income allocation plan for you.  

Reaching Financial Freedom

Achieving financial freedom in retirement is not as easy as it once was. To do it, takes careful planning. We want to make sure you reach your goals and enjoy the retirement you want. (read more)

4 Types of People Who Need Income Allocation

Everyone wants to enjoy life in retirement and an income allocation plan is the best way to make that happen. But the reality is many people face the challenge of not having enough in the bank to live comfortably from. (read more)

Why Income Allocation Works

As we go throughout our careers, the goal is to always have a steady paycheck, to have our income streams increase, and work towards a successful retirement. But what happens when we reach retirement and that steady income stream is no longer there? (read more)