Optimizing Retirement Income

No two families have identical financial situations or income needs. You may have different Social Security benefits. You may or may not have a pension. You may have saved money into a 401(k) plan, or even into a Roth IRA. We could go on and on about all of the ways that finances can differ, but that doesn’t help solve the question of where to actually turn to generate income in retirement. Rather than going down that road, we’re going to give some key guidelines that can help you conceptualize how much income you need in retirement, and then build a framework for figuring out some general principles when it comes to actually getting the money you need on a regular basis, in a tax-efficient fashion.