Income Planning

Often advisors create a plan aiming for a certain rate of return relative to a benchmark such as the S&P 500 or a global stock basket.  They may not explain why the investments they are suggesting are appropriate or why certain strategies are being used.  At Modern Wealth Partners, we use a wide array of tools to determine the future income needs of our clients which helps guide the necessary strategies we use on a need’s basis. 

Using both simple tools such as a budget and complex software like the Modern Wealth Partners Decision Center we can determine how to generate income for current or future needs. 

How much income do assets need to produce to meet our client’s goals and continue to build for their future?  What are the various sources and what are the best strategies for taking them?   When and how do we address social security?  Additionally, we can determine the best ways to save for specific goals such as a vacation home purchase, college for children, or major life events such as a daughter’s wedding.

Using the strategies at our disposal, we help our clients find a deeper sense of how their investments are working for them and how our recommendations impact their future income needs and solve for potential problems they can face.  This planning fills the gap between what the investment portfolio will provide at various levels of risk, how much income is needed and when will that income be turned on.