Retirement income planning

Achieve your retirement goals

When you retire, your priorities shift from building wealth to both preserving it and using it to produce a steady income to support the lifestyle you envision. Your ability to live well today, and for years to come, may require a fundamental change in mindset that addresses risks, tax considerations, choices and sustainability.

Risks

Inflation, market performance, healthcare and long-term care may affect your means of support; while longevity may affect your standard of living and how long your money lasts.

Choices

Decisions about Social Security, Medicare, how you structure your portfolio, distributing income from your portfolio, what you do with employer plans/pensions, budgeting and ways to adjust your spending from year to year need to be made based on your unique situation and personal income goals.

Sustainability

In retirement, your “measure for success” as an investor changes from beating the market to ensuring income for life. Simply put, you want to choose an amount you can withdraw annually from your portfolio while ensuring you have a long and happy retirement without altering your lifestyle.

Your RBC Wealth Management financial advisor can help you create a retirement income plan customized to your unique financial goals and circumstances. Our five-step process employs a “dynamic approach” to managing risks, choices and sustainably on an on-going basis. So you can feel confident and enjoy the retirement you want.

Important disclosure information about tax and legal advice

 

Investment and insurance products offered through RBC Wealth Management are not insured by the FDIC or any other federal government agency, are not deposits or other obligations of, or guaranteed by, a bank or any bank affiliate, and are subject to investment risks, including possible loss of the principal amount invested.