Enjoying Retirement
Clients that are in retirement have come to expect expertise in generating income from their portfolio when working with portfolio managers at Howe & Rusling. Our vast experience in the fixed income market combined with our high-quality approach to stock selection give client’s confidence in their expectation of a monthly/quarterly/yearly “paycheck.” Depending on a client’s risk characteristics and time horizon, portfolio managers help clients construct a portfolio that is durable enough to provide them income to support their lifestyle in retirement while also being comfortable with the amount of inherent risk in their portfolio.
- Decide on what “accounts” to pull income from. In general, tap taxable accounts first, tax-deferred second, and tax-free third to benefit from compounding.
- Update/ establish your estate plan and make sure all beneficiary information is current/ accurate.
- Review asset allocation - prioritize growth versus income.
- Consider affects of withdrawal rate from portfolio, based age, longevity, life priorities.
- Make sure you factor in things you can’t control: inflation, health care costs, longevity, etc.
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During the Transition Phase, we recommend a portfolio of Fixed Income for most individuals
FIXED INCOME INVESTMENTS>
See the importance of fixed income and balance in a retirement account
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