Mark Fricks of Masterplan Retirement Consultants talks about the second side of the pyramid which is income. He explains the concept of sequence of returns and how it can affect income. When he works with clients, he looks at the income flowing in, assesses the tax ramifications, identifies the any income gaps, and then offers strategies to remedy the gap. For those near retirement, Social Security appears to be less reliable, inflation continues to rise, everyday spending tends to be increasing, and health care is becoming more costly. All of these are solid reasons to do proper income planning for retirement.
For more Right on the Money: http://rightonthemoneyshow.com
To learn more about Mark Fricks, visit: https://masterplanyourretirement.com
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Advisory services offered through MasterPlan Retirement Consultants, Inc., a Registered Investment Advisor in the state of Georgia. Insurance services offered through Fricks and Associates, Inc. dba MasterPlan Retirement Consultants. Tax services offered through MasterPlan Tax Services, Inc. The aforementioned are affiliated companies. This material has been provided for informational and educational purposes only and is not endorsed or affiliated with the Social Security Administration or any government agency.
Licensed Insurance Professional. Respond and learn how insurance and annuities can positively impact your retirement. This material has been provided by a licensed insurance professional for informational and educational purposes only and is not endorsed or affiliated with the Social Security Administration or any government agency. It is not intended to provide, and should not be relied upon for, accounting, legal, tax or investment advice.