Income Power is a simple concept. It allows you to calculate exactly how much income you can produce from the retirement savings you have.
To answer your questions, I created a video that tells the true story of Tom and Janet. They built a nice nest-egg but, until they learned of Income Power, they couldn’t determine how much money they would be able to spend as they moved into retirement. More
Perhaps your net worth is $500,000 and you justifiably feel successful. At the same time, you probably still worry: When you choose to retire, will you have enough money to last the rest of your life?
There’s a reason for that. Until now, no one could tell you how much income your savings – even $500,000 or more – would create for you starting at retirement and continuing for life.
Now, you can get your answer. Go2Income.com is introducing a fresh new approach to retirement planning. For the first time, you can calculate with certainty how much income you will be able to count on for the rest of your life. That’s your Income Power.
In an effort to keep things simple for people who are nervous about retirement – whether they are 42 or 62 – conventional planning strategies focus on how to save and invest money. If you save X amount and invest wisely you will live happily for N years. That is how retirement misconceptions begin.
Saving is good but hard. Smart investing is good – and also quite difficult if the appropriate strategy is not deployed.
Hoping for the best as you draw down that savings to meet your budget in retirement – while absorbing the ups and downs of the stock market, inflation, medical and caregiver expenses – virtually ensures that you will remain nervous about your financial health up to and through retirement. More
Planning for retirement is challenging enough when you have to consider questions like:
Most investors would not think that they had to worry about their retirement calculators and the plans produced by those calculators. But they might involve the greatest challenge of all.
In a world where political ideas come and go, trends surge and falter, revolutions bloom and then fade, a few foundational concepts for retirement remain true: Income is of prime importance, planning for your specific circumstances will increase your financial stability, most retirement calculators are seriously flawed, and you can lessen – but not eliminate – the burden of taxes.
We recently completed a survey of the advice I have offered in this space for the past five years. Here are 11 retirement building blocks that I expect will remain useful no matter how long your retirement lasts.
The retirement foundation