{"id":20,"date":"2015-04-17T10:35:22","date_gmt":"2015-04-17T15:35:22","guid":{"rendered":"http:\/\/gpswp.com\/latouradvisorygroup-3\/?page_id=20"},"modified":"2019-08-12T09:44:16","modified_gmt":"2019-08-12T14:44:16","slug":"income-planning","status":"publish","type":"page","link":"https:\/\/gpswp.com\/latourasset\/income-planning\/","title":{"rendered":"Income Planning"},"content":{"rendered":"

For even the most financially literate individual, planning for retirement can be a very challenging undertaking.<\/p>\n

The days of relying solely on your pension and Social Security benefit to satisfy your income needs during retirement are long gone. In today\u2019s economic climate, historically low interest rates coupled with high market volatility rates have made planning for retirement difficult and more important than ever.<\/p>\n

One of the most difficult aspects of retirement planning is the mental shift it requires. Prior to retirement, your financial life was dictated by an earning and saving paradigm. Once you retire, however, you will no longer be earning a paycheck you can save which means you will need to generate an income through other sources.<\/p>\n

A crucial first step toward helping ensure adequate funding throughout your retirement is understanding that the strategies used during the accumulation years (working years) could have a negative impact on your nest egg.\u00a0\u00a0 Saving for Retirement\u00a0 is what you have spent most of your working life accumulating. Now is the time to begin using those savings to create the retirement income you\u2019ll need. There is an important transition that should be made in positioning your money for preservation during your distribution years.\u00a0<\/span><\/p>\n

At LaTour Asset Management, LLC., we can help you review:<\/strong><\/p>\n