Retirement Income
Nobel Prize Winning Economist Robert C Merton was quoted as saying.
“Successful retirement is defined as a stream of income sufficient to sustain your chosen standard of living, that standard of living is measured by income not the value of a pile of money."
https://www.newretirement.com/retirement/podcast-episode-11-bob-merton-fixing-retirement/
As a retired federal employee, you will have several potential sources of income. The goal is to have enough income to allow you to live the same lifestyle that you did when you were employed. Unfortunately, due to improper planning, most retirees will not have the resources available to maintain such a lifestyle. One of the goals of completing the Benefit Analysis we provide, is to understand what your future retirement picture looks like so that adjustments can be made that will help you preserve your current lifestyle in retirement.
Potential Sources of Retirement Income:
- FERS Pension
- Social Security
- Military Pension
- Service Connected Disability Pension
- TSP Account
- Other Investments
Minding The Gap
The "Gap" is defined as the difference between your current income and the amount you will receive in retirement. Sometimes this "Gap" is negligible or non existent, but most of time, it is large, resulting in considerably less income during your retirement years. Our Benefit Analysis exposes this "Gap" and allows us to implement strategies to reduce it.