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Quantitative Decisions
The Challenge
How much income will you have? Do you have enough to retire?
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Why It’s Important
It is very helpful to see how much income you will have from your TRS, Social Security, and your retirement accounts. We’ve had clients who were convinced they didn’t have enough to retire only to be pleasantly surprised by their strong financial position. Even if your nest egg isn’t ready for retirement, an income plan is very helpful because you will know where you are and can create a plan so you can retire as soon as possible.
Recommendation
Create a detailed income plan so that you can have a clear understanding of where you are and where you want to be. The illustration below shows an example of an income plan. We can guide you through this process and create an income plan with all the components that will make up your income during retirement.
This hypothetical example is for illustrative purposes only. The above illustration does not take into account the effect of any state or federal taxes. Actual results will vary.
