Income Streams For Retirement So You Enjoy The Ride

There’s a time frame of five years before retirement to the first five years of retirement. We call it the critical 10. It’s where we help people finalize their strategy and position themselves for their monthly retirement income.  It’s critical because you put into motion what the next 30 years of paying yourself will look like.

We call ourselves Wealth Stream Capital because we think

about your retirement income like a river. 

Wealth Stream Capital

Here’s why, it must always be flowing. We can’t have it dry up and we don’t want you flooding your next generation with too much cash you could use living your best life. When we help clients plan in these terms, it helps us set parameters.

Here is how we approach it. 

couple golfing

We need to understand what you want for a retirement lifestyle.

How much do you need to spend, and how much do you want to spend?

What you need to spend is often determined by your day-to-day expenses. The must-haves that you can’t live without. What you want to spend is more about enjoying your retirement. Spending money on the things you love to do or have always wanted to do. We look at these two areas to determine what kind of income strategy makes the most sense for you because as we look downstream, there will be:

  • Market volatility: It will happen, and when and at what level is hard to determine.
  • Inflation and taxes: Each of these impacts how far we can stretch a dollar.
  • Health care: We know costs are rising every year.
  • Legacy: How much do you want for retirement, and how much do you want to leave to the next generation and charities?
  • Longevity: There is no way to predict our ride's length.

We know what is coming, we just don’t know how or when.

While it may sound a little scary, it won’t be because you will have a plan. You will be prepared for all of these, so you get to sit back, crack a cold one and enjoy the ride.

Let’s get started on building a retirement income strategy for you.