/retirement INCOME- Planning

 

WHAT IS THE "TRADITIONAL RULE OF THUMB" FOR  ESTABLISHING YOUR RETIREMENT INCOME?

 

In general, in order to live a comfortable independent life during your retirement years, the standard “rule of thumb” is that you’ll need to save at minimum 75 to 85 percent of your pre-retirement annual income.  

 

As a result, the amount of your retirement savings should be in the range of 10 to 12 times the amount of your current annual pre-retirement income as well. 

 

THE KEY TO HAVING GUARANTEED INCOME FOR LIFE IS TO DIVERSIFY  

 

Prior to retiring just in case one revenue stream ends sooner than you may have anticipated, it is good practice to establish a retirement income portfolio that represents a variety of income sources you can rely on. This strategy is designed to ease any concerns you may have of outliving your retirement income while protecting you from running out of money. 

 

 

WHY POSITIONING YOUR MONEY FOR A MORE TAX-EFFICIENT RETIREMENT IS IMPORTANT. 

 

In general, taxes can consume on average 42% of a retiree’s monthly budget.  Also, in most cases, taxes represent the true largest expense a retiree can experience during retirement. With the possibility of tax rates being higher at your retirement age, consider creating a more tax-efficient stream of tax-free income during our pre-retirement years,   

 

If you believe that taxes are going to be higher at the time of your retirement, and if you're not aware of how to mitigate, eliminate or how to create a more tax-efficient stream of income contact us for a complimentary consultation. 

 

THE DELINGTON REPORT:

About Us

With well over a decade of experience, Delington Financial & Insurance services were established in the year 2012 and originated in the city of Whittier, California on Greenleaf Ave.

 

While remaining grounded in our beliefs of attracting as well as retaining well-informed trained professionals with integrity, the principals of this independent brokerage firm immediately experienced moderate growth, by developing a business model that honors a professional consultation along with an effective educational approach when servicing individuals, families and business owners with value-added guidance. 

our Commitment To You. 

We aim to use an efficient - complimentary consultation, along with an effective educational approach, that will allow you to make a well-informed decision. Overall our goal is to provide you with exceptional service and support that is aligned with helping you reach and maintain your individual goals and objectives ....while having your best interest in mind. 

 

Delington Financial &Insurance Services 

Office: 1-800-705-0723 

 

21515 Hawthorne Blvd. Ste. 200

Torrance, CA. 90503

 

Email: info@delington.com

 

© 2014 Delington Financial and Insurance Services: 21515 Hawthorne Blvd. Ste. 200, Torrance, CA. 90503  - Office: 310-377-1470 - EMAIL: info@delington.com 

CA. License # 0E94802 – Since 2005

 

The applicable financial planning, investment information provided within this website is not intended as tax or legal advice.  Please consult with an experienced Tax Advisor, Attorney or Accountant, accordingly prior to acting upon any financial planning investment information contained throughout this website. In the interim be advised that Delington Financial & Insurance Services; Agents and Representatives are trained, certified and licensed by the state of California, and capable of providing complete insurance and financial advice that is relevant to the aforementioned company's product portfolio, services and strategies, featured carriers insurance and financial planning illustrations, applicable data and documents that reference an objective. Note that non-guaranteed, guaranteed values and other significant particulars based on an individual, or group results will vary and may be more or less favorable.