Secure retirement income

"Will my money last through retirement?" It’s a question that many pre-retirees face. If you're unsure about your plan for the future, now is the time to explore solutions that can help ensure your money lasts as long as you do. From strategies to maximize your retirement savings to closing the gap in your savings or Social Security benefits, we can help.

Partner with a financial professional to plan for the road ahead. While no one can predict exactly how long your savings will last, there are steps you can take to help ensure you always have enough.

Creating a holistic plan is key. Until you examine your specific goals and financial situation, your retirement planning remains hypothetical. Remove the uncertainty by identifying where your retirement income will come from and developing a customized strategy to fill any gaps. Ideal Health Advisors can help you create a retirement income plan you can feel confident about.

401(k)s are popular retirement savings tools, but many Americans don’t use them to their full potential. If you're wondering whether your 401(k) balance will be enough to live on in retirement, you might want to rethink the question. Instead, ask: Will my 401(k) be my only income stream beyond Social Security benefits?

If the answer is yes, it’s time to explore additional options. Your 401(k) funds may need to last for 20 years or more, so while your 401(k) is an important part of your plan, it’s wise to consider other retirement income solutions as well. Annuities, for example, provide protected lifetime income and can help supplement your retirement accounts.

We all have different levels of risk we're willing to take on, and while your risk tolerance may remain steady, your time horizon to retirement is always changing. Regardless of where you fall on the risk tolerance spectrum, a financial professional can help guide you based on how far—or close—you are to retirement. They can help create a plan that balances your risk tolerance with your time horizon to achieve potential growth while preserving your retirement savings.