Retirement Income Analysis
Producing personal income during the retirement years can greatly reduce the depletion rate of the nest egg built up during the working years. As life expectancies generally increase from one generation to the next, it is critical to ensure that you will not outlive your money since the retirement duration could last several decades. Additionally, the workplace retirement plan has changed. Employer pension plans (defined benefit) are largely a thing of the past for those approaching their retirement years. It is now incumbent upon the individual to build a retirement income strategy from their accumulated savings and investments.
At Bespoke, we review social security claiming strategies. Your social security payment amount is determined by when you elect to start receiving payments as well as how much you earned during your career. There is additional eligibility for married individuals for both spousal or survivor benefits.