Income Planning2018-11-13T19:19:01+00:00

Income Planning

Income planning is a subset of retirement planning that focuses on providing desired income streams during retirement. We want to give you the confidence to relax and enjoy life, knowing where your money will come from each month of your life, even if:

  • The market crashes.

  • Taxes rise.

  • Your bonds lose value

Here is why traditional strategies fail

Many investors follow accumulation strategies to the grave. They try to solve everything with growth. This is an attempt to outpace your withdrawal rate.

While most would agree that the market is generally up over long periods of time, these growth-only plans are unlikely to overcome the downs that you’re bound to have once retired.

Once in withdrawal, down markets, even if short in duration, can devastate your portfolio. A common assumption is that if you average 10% returns, you can spend 4%.

Unfortunately, sequence of returns risk leaves this strategy with a high probability of failure. Continuing to follow an accumulation or growth plan may work out well for you, but depending on what the market does in the future, it could leave you penniless.

Instead, if you shift gears to a retirement plan or a de-accumulation plan, you may secure predictable lifetime pension-like income, market-beating growth, and tax-reduction strategies that result in more comfort and confidence in your lifestyle, as well as wealth to spend and pass on.

Other investors focus on high dividend-paying preferred stocks and bonds for income. Research tells us this approach is also inferior to other approaches because:

  1. Preferred stocks and bonds are at risk to market conditions, as the price of stocks and bonds can fall and dividends can be reduced or eliminated.
  2. The outcome is totally at risk to economic and market conditions that are beyond the control of the investor.

Most rational investors want a plan that is going to work no matter what, not a plan that has a 50/50 chance of success. That’s why a retirement plan is so important. Retirement is not about maximizing your growth. It’s about prioritizing your needs.

First, we want to ensure you have the lifetime income you want. Then, we can grow your reserves as much as possible. To be successful, you must avoid sequence of returns risk, either by good luck or a good plan.

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Our Philosophy…

You may ask: What’s in a logo? We want our logo to represent our philosophy. Our logo is a lion in winter. We want you to be a lion in the winter of your life — leading an independent, abundant, and satisfying life — and finish strong! Bring as much passion and spunk to your winter years as you did during your spring, summer, and autumn years. This requires your passion and a great financial plan.

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10700 Sikes Place
Suite 150
Charlotte, NC 28277
(704) 552-1230
(704) 552-1281

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Annuity guarantees rely on the financial strength and claims-paying ability of the issuing insurer. Any comments regarding safe and secure investments, and guaranteed income streams refer only to fixed insurance products. They do not refer, in any way to securities or investment advisory products. Fixed Insurance and Annuity product guarantees are subject to the claims‐paying ability of the issuing company and are not offered by Retirement Wealth Advisors.
WealthGuard is a portfolio monitoring system, which identifies a client’s maximum portfolio downside or loss and indicates that immediate action is required in order to limit losses per the clients’s pre-determined risk tolerance. It is not an actual stop loss, and may not automatically sell the individual securities in the portfolio. Therefore, the WealthGuard Value is a reference point to encourage a conversation between Heafner Financial and the client, and to determine if the client/s would like to liquidate the portfolio and move the assets into cash, reset the WealthGuard percentage, or reallocate to a different risk profile. Investing entails risks, including possible loss of principal. The use of tools cannot guarantee performance. Past performance is no guarantee of future results.
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