Retirement Income Planning in Iowa

Your money doesn’t retire, YOU do! That’s why solid financial planning is essential to enjoy your golden years. That’s where Johnson Wealth and Income Management comes into play.

Our dedicated fiduciary advisors aim to provide clients with customized strategies that address one of the most pressing concerns retirees face: generating reliable income that lasts a lifetime.

Our Retirement Income Planning Strategies

Retirement Income Planning At Johnson Wealth and Income Management, we offer financial planning services designed to help pre-retirees and retirees secure a stable income stream during retirement. Unlike traditional investment strategies that may focus on growth and wealth accumulation, we prioritize income generation. The focus here is simple: help ensure that your money works for you by providing steady, predictable income for the duration of your retirement.

We offer a comprehensive approach to generating retirement income by utilizing methods such as:

Income-focused investment strategies that prioritize safety and dependability.
Tax-efficient planning to help ensure your retirement income is maximized and protected from tax burdens.
Customized retirement plans that meet individual goals, risk tolerance, and time horizons.

Our mission is not merely about helping clients save money for retirement; it’s about creating a consistent cash flow that will help provide peace of mind.

4 Ways We Help You Achieve Your Ideal Retirement

Dependable Retirement Income: A significant advantage of working with Johnson Wealth and Income Management is our focus on reliable income. By shifting away from growth-focused investments and toward income-generating strategies, retirees can enjoy consistent income that helps to manage daily expenses, healthcare costs, and more without the fear of running out of money.
Risk Reduction: The transition from working to retirement can be fraught with uncertainties. Markets are unpredictable, and economic shifts can drastically affect savings. We emphasize low-risk, income-focused strategies that help ensure your portfolio remains resilient even during periods of market volatility.
Tax-Efficient Strategies: One often overlooked aspect of retirement planning is taxes. Withdrawing from retirement accounts without proper planning can lead to substantial tax liabilities. We work to create tax-efficient strategies that help you keep more of your hard-earned money. This includes timing Social Security benefits, managing required minimum distributions (RMDs), and taking advantage of tax-advantaged accounts.
Social Security Maximization: We can help to ensure that you’ve done all you can to maximize your Social Security benefits and avoid leaving money on the table from this important retirement resource. Our experience allows us to navigate the complexities of Social Security rules and strategies, helping ensure that you make informed decisions based on your unique financial situation. By analyzing your work history, current benefits, and future needs, we can tailor a plan that helps maximize your potential benefits and aligns with your long-term retirement goals.

Why Choose Johnson Wealth and Income Management?

Retirement is no time to experiment with complex, volatile investments. Many people worry about outliving their savings, and that’s exactly the kind of issue we address.

With over 25 years of experience in the financial industry, our firm has a deep understanding of the complexities involved in retirement planning. Our team of advisors offers comprehensive services that go beyond investment advice.

Here’s why you should choose us to help you:

An Income-Centric Approach: Many financial advisors emphasize growing your wealth. While this is important, once you retire, the focus must shift from accumulating assets to creating income. This is our philosophy. We prioritize income-based strategies that deliver steady payments rather than unpredictable market-driven returns. This shift helps ensure that you continue to receive income even if the stock market fluctuates.
Reduced Risk in Market Volatility: Market downturns can drastically impact a retirement portfolio, especially if your primary focus is on growth. By using income-generating investments such as dividend-paying stocks, bonds, and annuities, we help you reduce the risk of your portfolio experiencing sudden losses. The less exposure you have to market volatility, the more secure your retirement income can be.
Holistic Planning: At Johnson Wealth and Income Management, we offer more than just investment advice. Our holistic approach includes Social Security optimization, Medicare planning, tax minimization strategies, and more. This helps ensure you aren’t just receiving a paycheck during retirement, but that every financial aspect of your retirement is carefully planned to work in harmony.
Tailored Financial Solutions: No two retirements are alike, and neither are two financial plans. We tailor strategies to the specific needs of each client. We look at factors like age, income goals, risk tolerance, and life expectancy to craft a plan that will not only work today but will also adapt to your changing needs over the course of your retirement.
Fiduciary Responsibility: One of the key benefits of working with Johnson Wealth and Income Management is that we operate under a fiduciary standard. This means we are legally obligated to act in the best interest of our clients. As fiduciaries, we focus on creating personalized financial strategies that help clients achieve their retirement goals while minimizing risks and maximizing returns.
Proven Track Record: We have been helping individuals navigate the complexities of retirement for decades. Our reputation for excellence in wealth preservation, income generation, and tax-efficient planning speaks for itself. Our firm’s commitment to providing tailored, actionable advice helps ensure clients have a solid foundation for their golden years.

Get Started By Requesting Your Retirement Risk Report!

A Retirement Risk Report is a crucial starting point for helping ensure a secure and well-planned retirement. At Johnson Wealth and Income Management, begin our process with a thorough Retirement Risk Report to provide you with a comprehensive analysis of your current retirement situation.

This report typically includes: Retirement Income Planning

Risk Assessment: Evaluate various risks that could affect your retirement, such as market volatility, inflation, health care costs, and longevity risk (the risk of outliving your savings).
Financial Projections: Provides projections of how these risks might impact your retirement income and savings over time, considering factors like expected returns on investments, spending patterns, and Social Security benefits.
Scenario Analysis: Look at different scenarios to understand how changes in the market, your expenses, or other factors might affect your retirement plans.
Recommendations: Offers strategies and recommendations to mitigate identified risks, such as adjusting your investment strategy, increasing savings, or planning for healthcare expenses.
Personalized Insights: Tailors the report to your specific financial situation and retirement goals, helping ensure that the strategies suggested are relevant to your needs.

By examining your financial situation and future goals, our report identifies vulnerabilities and offers tailored strategies to address them. This personalized approach helps you make informed decisions about your retirement planning, helping you maximize your income sources and secure a more stable financial future.

Our goal is to provide you with a clear understanding of your retirement risks and actionable recommendations to mitigate them, helping ensure that you are well-prepared for the years ahead.

Final Thoughts

In a world where financial markets are constantly changing, having a reliable, income-focused strategy for retirement is more important than ever. We offer a solid, income-centric approach that helps ensure financial stability during retirement.

Our focus on low-risk, income-generating strategies, combined with a commitment to client education and transparency, makes us an excellent choice for individuals looking to retire with confidence. By partnering with experienced fiduciaries like ours, you’ll have the peace of mind that comes from knowing your retirement income can be more secure.

If you are ready to take the next step in your retirement planning journey, reach out here. Your future self will thank you.

Retirement Planning FAQs

How much should I save for retirement?: The amount you should save depends on various factors, including your desired retirement lifestyle, current savings, expected Social Security benefits, and any other sources of income. A common guideline is to aim for a retirement savings goal of 15% of your income annually, but it’s crucial to create a personalized plan based on your unique circumstances and goals.
When should I start saving for retirement?: It’s best to start saving for retirement as early as possible. The earlier you begin, the more you benefit from compound interest and investment growth. Even small contributions can grow significantly over time. Starting in your 20s or 30s can make a substantial difference in your retirement savings compared to waiting until your 40s or 50s.
How can I determine the right retirement age for me?: The right retirement age depends on factors like your financial situation, health, career satisfaction, and retirement goals. Consider when you will be eligible for Social Security benefits, whether you have enough savings to support your desired lifestyle, and if you want to continue working part-time or full-time in retirement.
What are the best investment strategies for retirement?: Effective retirement investment strategies typically involve a diversified portfolio that includes a mix of stocks, bonds, and other assets. As you approach retirement, you might shift towards more conservative investments to protect your savings from market volatility. It’s essential to periodically review and adjust your investment strategy based on your age, risk tolerance, and retirement goals.
How do I estimate my retirement expenses?: To estimate your retirement expenses, start by listing your current monthly expenses and consider how they might change in retirement. Account for necessities like housing, utilities, groceries, and health care, as well as discretionary spending like travel and hobbies. Factor in inflation and unexpected costs to get a more accurate picture of your future expenses.

All written content on this site is for informational purposes only. Opinions expressed herein are solely those of Johnson Wealth & Income Management and our editorial staff. Material presented is believed to be from reliable sources; however, we make no representations as to its accuracy or completeness. Investing involves risk. There is always the potential of losing money when you invest in securities. Asset allocation, diversification and rebalancing do not ensure a profit or help protect against loss in declining markets. All information and ideas should be discussed in detail with your individual advisor prior to implementation. The presence of this website, and the material contained within, shall in no way be construed or interpreted as a solicitation or recommendation for the purchase or sale of any security or investment strategy. In addition, the presence of this website should not be interpreted as a solicitation for Investment Advisory Services to any residents of states where otherwise legally permitted to conduct business. Fee-based financial planning and Investment Advisory Services are offered by Sound Income Strategies, LLC, an SEC Registered Investment Advisory firm. Johnson Wealth & Income Management and Sound Income Strategies LLC are not associated entities. Johnson Wealth & Income Management is a franchisee of the Retirement Income Source. The Retirement Income Source and Sound Income Strategies LLC are associated entities. © 2024 Sound Income Strategies.