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Creating an income plan from your savings

You’ve saved for years. Now that retirement is here (or near), how do you create an income plan from your savings? There are five steps. We, as an industry, constantly talk about the need to save for retirement. Put money into your 401(k), contribute to your individual retirement accounts, and one day, when you are ready to retire, that savings become income for you. How does that actually happen? We walk our clients through a structure that seems to work well. Here’s a general overview. Read more…

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