For many of us, that definition seems simplistic for most of our lives. We work, pay the bills, maybe have a little fun, and save a portion for retirement. But how do you ensure that equation holds true when your paychecks stop, and you officially retire? At SJK Wealth Management, we specialize in creating income streams for our clients entering retirement.
We believe that risks tests are important, you can find them on our site. However, have you performed and income test on your portfolio and financial plan? What sources of income can you expect in retirement, how much can you expect in dividends and/or interest from your portfolio? Is it enough to fund your lifestyle? We can help you create a plan and then implement an income strategy custom to your needs.
* LPL Financial does not endorse our CPA Partners, and LPL Financial are not tax or legal advisors. You should discuss your specific situation with a qualified tax or legal advisor.