Strategies designed to help you retire with confidence
Although there are many factors that you can’t control including how long you will live and how the markets will perform, you can work with the Zahler Hanzlik DeLucas Wealth Management Group to create a comprehensive retirement income plan. The approach to retirement income planning begins with the development of a structured plan through the Envision® process that outlines specific strategies to address your goals and objectives, concerns, and timeline. Together, we can determine a fully diversified retirement income strategy compatible with your individual situation.
Income strategies with your retirement in mind
Asset allocation and diversification are essential components during your years of saving for retirement. How you allocate your assets across various asset classes during this accumulation phase can have a profound impact on the savings you have upon entering retirement. However, once in retirement, the focus will likely be to include an allocation designed to meet specific income objectives, including asset preservation, growth, and guaranteed income. To help meet these objectives, consider the three sources of income for your retirement income generation strategy:
Designed to provide income as well as growth to help offset inflation.
Investment category: Equity income investments
Equity investments offer long-term growth potential, but may fluctuate more and may provide less current income than other investments. An investment in the stock market should be made with an understanding of the risks associated with common stocks, including market fluctuations. Dividends are not guaranteed and are subject to change or elimination. Asset allocation cannot eliminate the risk of fluctuating prices and uncertain returns. Diversification does not guarantee profit or protect against loss in declining markets.
Designed to provide interest income with principal preservation to help guard against market volatility.
Investment category: Bond and fixed income investments
Investing in fixed income securities involves certain risks such as market risk (if sold prior to maturity) and credit risk (especially if investing in high yield bonds, which have lower ratings and are subject to greater volatility). All fixed income investments may be worth less than original cost upon redemption or maturity.
Provides guaranteed income to help guard against outliving your assets.
Investment category: Social Security benefits, pension plan payments, annuity payments, insurance benefits
For insurance and annuity products guarantees are based on the claims-paying ability of the issuing insurance company. Guarantees apply to minimum income from an annuity; they do not guarantee an investment return or the safety of the underlying funds.
Because each retirement income category below represents a different type of income, and mitigates different retirement risks, diversifying your retirement income across all three can help generate income after retirement that may last a lifetime.
Please call the Zahler Hanzlik DeLucas Wealth Management Group at (303) 488-2423 to learn more about retirement income planning, and click here
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Variable annuities are long-term investments suitable for retirement funding and are subject to market fluctuations and investment risk.
Bond prices fluctuate inversely to changes in interest rates. Therefore, a general rise in interest rates can result in the decline of the value of your investment.
* “Lifetime income” is income that is designed to last the rest of your life.
Please note that we are outlining these different income sources for illustrative purposes only. Each one as unique characteristics that would need to be reviewed with an advisor before developing any strategy. Annuities have certain limitations.
Insurance products are offered through nonbank insurance agency affiliates of Wells Fargo & Company and are underwritten by unaffiliated companies.