What is an income for life plan?
In an income for life plan, your assets, including your savings, 401(k), IRA accounts, social security, and more, are gathered into a fund pool from which you can draw a fixed amount of income at fixed periods throughout the duration of your life. Based on your expectations for maintaining your quality of life during retirement, we will help you determine the amount of money you wish to receive as your lifetime guaranteed income. From there, we guide you in calculating the amount of money you need to earn and save to make your income for life plan feasible.
An income for life plan gives you the security of knowing that even post-retirement, when you aren’t getting a paycheck, you will have a consistent income that will contribute to your ability to fulfill your retirement goals and dreams.