Sam Galloway, CFP® explains how to plan for lifetime income in retirement.
Sam reviews the essential retirement questions, Will your income outlive you? OR Will you outlive your income?
For our income to outlive us, our income must grow at least at the rate our cost of living grows. The joint life expectancy of a non-smoking couple retiring at age 62 is 30 years. So even if you aren't preparing for a three-decade retirement... it is preparing for you!
Rising equity values over long periods of time have done two things:
- Given you even more room to increase withdrawals, and
- Allowed you to build wealth that you can leave to the people you love.
Sam is a CERTIFIED FINANCIAL PLANNER™ in addition to holding his Series 7, 24, and 66 securities registrations.
Sam is also licensed in health insurance, life insurance, and variable products. He earned a degree in Business Administration from Chaminade University of Honolulu and is helping build a world class service team at Valmark Financial Group. When not working, Sam enjoys time with family, triathlons, fly fishing, skiing, and spending time at his family farm. Keep the conversation going with Sam on LinkedIn.
CFP Board owns the marks CFP®, CERTIFIED FINANCIAL PLANNER™, and CFP® (with plaque design) in the U.S. Securities offered through Valmark Securities, Inc. Member FINRA/SIPC. Advisory services offered through Valmark Advisers, Inc. a registered investment adviser