Retirement Income Planning

Building a portfolio for retirement income is generally more complex than building a growth portfolio to save for retirement. Since you need to withdraw your funds, new questions arise: What is the timing and certainty of the income payments? What’s the most tax-efficient way to withdraw funds? How much should I still invest in growth to combat inflation risks?

After collecting data and evaluating your current financial situation we will help you develop an income strategy to meet your retirement goals. Generally, we like to develop multiple income streams so you are not concentrated in one asset class. We do this by using a varied mix of assets—bonds, dividend stocks, preferred stocks, ETFs, real estate, alternative investment assets—and placing them in the most appropriate investment vehicle (e.g., IRAs, Brokerage, Trusts). We seek out investments that pay income monthly or quarterly without onerous tax filing burdens and, if possible, we try to consolidate the income into one account that will distribute monthly income to your bank account.

Our firm works with many clients currently in retirement receiving income, but much of this can also be applicable to income needed for other objectives like college payments for your children or beneficiary payments by a Trust.

Steward Capital does not use investment vehicles that charge an up-front commission or annuity products which generally have high internal expenses that don’t compensate you enough for the guarantees they provide. However, we can analyze these investments for you and accommodate them at your request.