Income Planning

for Retirement

As part of the workforce, you know where your income is coming from but in retirement, we typically only rely on Social Security. When you’re retirement planning, consider a retirement income plan to know where your funds are coming in from. At Inspire Wealth, we can help you take the guessing out of income planning for retirement.

income planning<br />
Our Approach to

Retirement Income Planning

At Inspire Wealth, our approach to retirement income planning is very simple and stems around whatever you need on a monthly basis to cover your expenses. Income planning will typically include:

  • Social Security Optimization
  • Portfolio Income Optimization
  • Income & Expense Planning
  • Spousal Income Planning
  • Inflation Protection

Helping you plan your income in retirement is our top priority and we do it to give you peace of mind so you can enjoy your retirement. Here’s how we view your retirement income planning process:

Covering Your Fixed Expenses

Social Security isn’t enough to cover your monthly fixed expenses, so you need to have a customized plan to determine where the rest of the income is going to come from. It’s crucial to have your fixed expenses covered on a monthly basis without worrying about market fluctuations.

Living Well in Retirement

Most of our clients have worked hard to save and build wealth so they have money to spend and really enjoy the retirement they dreamed of. While their expenses are covered, it’s important to plan a budget around the “extras” you’d like to spend your hard-earned money on in retirement. So, if you need $3,000 per month to cover expenses and want another $1,500 per month to cover those “extras”, then we plan for $4,500 per month and utilize other investments that may fluctuate with market trends to cover discretionary expenses that go above the budgeted $4,500.

Planning for the Unexpected

Similar to when you are in the workforce, you need to have a retirement budget with savings and investments to cover anything unexpected that isn’t covered under that budget, like unexpected expenses like medical emergencies or home repairs. In retirement, money shouldn’t be a barrier – at Inspire Wealth, we’ll work with you to ensure you’re covered for fixed, planned, and unexpected expenses in retirement.

Our Custom Process


Secure Your Income


Preserve Your Legacy


Analyze Your Investments


Retire on Your Terms


Keep the IRS Out

Retirement Income Planning Resources

Ensuring your expenses are covered with predictability for the rest of your life is critical. The resources below give you some additional help in making sure you’re covered as you plan your income in retirement.

Get Help with Retirement Income Planning

Schedule a free 30 minute consultation to learn more about Inspire Wealth and what we can do to help you with retirement income planning.