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Retirement

Income Planning

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What is Retirement Income Planning?

Retirement income planning involves creating a strategy to ensure that you have a steady flow of income during your retirement years. This process includes assessing your financial needs, setting retirement goals, and selecting the appropriate financial products and investment strategies to meet those goals. Proper retirement income planning can help you maintain your desired lifestyle, protect your assets, and leave a legacy for future generations.

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When should I start planning for retirement?

The sooner, the better! Even small contributions early on can grow significantly over time thanks to compound interest. We can help you develop a plan that fits your current age and financial situation.

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When should I start planning for retirement?

The sooner, the better! Even small contributions early on can grow significantly over time thanks to compound interest. We can help you develop a plan that fits your current age and financial situation.

Read more
When should I start planning for retirement?

The sooner, the better! Even small contributions early on can grow significantly over time thanks to compound interest. We can help you develop a plan that fits your current age and financial situation.

Read more
Is Social Security enough to cover my retirement expenses?

Social Security is a valuable resource, but it typically replaces only a portion of your pre-retirement income. Retirement income planning helps you understand the shortfall and develop strategies to bridge the gap.

Is Social Security enough to cover my retirement expenses?

Social Security is a valuable resource, but it typically replaces only a portion of your pre-retirement income. Retirement income planning helps you understand the shortfall and develop strategies to bridge the gap.

Is Social Security enough to cover my retirement expenses?

Social Security is a valuable resource, but it typically replaces only a portion of your pre-retirement income. Retirement income planning helps you understand the shortfall and develop strategies to bridge the gap.

What's the biggest mistake people make in retirement planning?

Procrastination! Ignoring the need to plan can leave you unprepared for retirement. Don't wait until it's too late - take the first step today and seek guidance from a professional if needed.

Read more
What's the biggest mistake people make in retirement planning?

Procrastination! Ignoring the need to plan can leave you unprepared for retirement. Don't wait until it's too late - take the first step today and seek guidance from a professional if needed.

Read more
What's the biggest mistake people make in retirement planning?

Procrastination! Ignoring the need to plan can leave you unprepared for retirement. Don't wait until it's too late - take the first step today and seek guidance from a professional if needed.

Read more

Our Process

At Delington Financial & Insurance Services, we believe retirement planning should be a stress-free journey. That's why we offer a comprehensive and collaborative process designed to help you achieve your financial goals.


Here's what sets us apart:

1. In-depth Financial Assessment: We start with a thorough examination of your current financial health, including income, assets, debts, and savings.


2. Securing Your Retirement Income: We focus on securing the annual income you need throughout retirement. This includes:

  • Tax Planning: We analyze how potential tax rate changes could impact your monthly income.
  • Inflation Protection: We develop strategies to combat inflation's effect on your purchasing power.
  • Unexpected Expenses: We help you prepare for unforeseen costs, such as repairs or long-term care, to prevent them from depleting your savings.


3. Collaboration and Resources: We work closely with you as your retirement income planning consultant. You'll gain access to our valuable resources, empowering you to make informed decisions.


4. Ongoing Support: As your life evolves, so will your financial needs. We remain committed to helping you address new challenges and ensure your retirement plan stays on track.


Together, we can build a strong foundation for your financial independence  throughout your golden years.



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Free Consultation Today.

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Contact Us

(800) 705-0723

21515 Hawthorne Blvd.

Suite 200

Torrance, CA 90503

By Appointment Only.

Retirement Income Planning FAQs

  • How much do I need to save for retirement?

    This is a question I get all the time. The truth is, there's no one-size-fits-all answer, because everyone's retirement dreams look different. 


    But think about it: if you could replace 70-90% of your current income in retirement, wouldn't that be pretty sweet?  


    Let's chat about your lifestyle, future plans, and what Social Security might look like for you, and we can crunch some numbers together to see what makes you feel financially secure in your golden years. ️

  • What are my different retirement savings options?

    You have several options, including employer-sponsored plans like 401(k)s, Individual Retirement Accounts (IRAs), and personal investments. Each offers unique benefits and tax advantages, so explore them to find the best fit for your situation.

  • When should I start planning for retirement?

    The sooner, the better! Even small contributions in your early years can grow significantly thanks to compound interest. Even if you're farther along, starting now can help you catch up and achieve your retirement goals.

  • Can an insurance agent help with retirement planning?

    Absolutely! Insurance agents can offer valuable guidance on incorporating insurance products like annuities or long-term care insurance into your overall financial strategy. They can also help assess your risk tolerance and recommend investment options to complement your existing retirement savings.

  • What's the biggest mistake people make in retirement planning?

    Procrastination! Ignoring the need to plan can leave you unprepared for retirement. Don't wait until it's too late - take the first step today and seek guidance from a professional if needed.

  • Why is it important to have a financial plan?

    An effective financial plan is extremely important to create and maintain the retirement lifestyle you've worked for years, saved, and planned for.  A plan will protect you and your spouse while guiding and helping you reach your goals.   A plan will allow you to face your retirement future with confidence and guide you in making adjustments when it is necessary.


       

    Planning for a retirement that will enable you to live comfortably throughout your retirement years, can become challenging when it comes to key-critical retirement risks that could impact your financial security and independence if left unattended.  As people are living longer, while considering your retirement age, health, and skill set which might prevent you from doing so, will you be able to rely on returning to work, throughout your retirement years if you need to? 

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