Income Planning
"The man who does more than he is paid for will soon be paid for more than he does."
- Napoleon Hill
Income Planning Goals
Manage your wealth with confidence and clarity.
Our structured approach aligns your income strategy with your long-term goals, offering clarity and confidence. Here’s how we work with you and the benefits of partnering with us:
We begin by assessing your current income sources and expenses to identify surpluses or shortfalls. This analysis provides a clear picture of your financial health and informs a sustainable cash flow plan.
We create or refine a retirement cash flow plan, incorporating the impact of inflation to ensure your income keeps pace with rising costs. We stress-test your current cash flow to confirm its resilience under various economic scenarios.
We develop a matrix to anticipate changes in income and expenses following the death of either spouse, ensuring financial security for the surviving spouse aligns with your estate and legacy goals.
We evaluate the optimal timing for taking Social Security benefits and analyze pension election options to maximize your income while reducing tax exposure. This ensures your retirement income is both efficient and sustainable.
We assess existing annuities and their riders to ensure they meet your needs. When applicable, we review mortality information from your insurance plan to address potential longevity risk, ensuring your income lasts throughout your lifetime.
We consider the tax implications of each income source, integrating with your tax plan to reduce liabilities. By coordinating with your insurance plan, we ensure all aspects of your financial strategy work together seamlessly.
- Evaluate Income and Expenses
- Develop or Update a Retirement Cash Flow Plan
- Plan for Income After the Death of a Spouse
- Optimize Social Security and Pension Decisions
- Review Annuities and Longevity Risk
- Align with Tax and Insurance Plans
The Sterling Wealth Management Advantage
Partnering with Kyle Kay, CFP®, AIF®, and Sterling Wealth Management provides you with a trusted advisor dedicated to your financial success. Our disciplined, client-centered approach delivers:
Clarity:
A clear, customized investment plan aligned with your goals.
Confidence:
Assurance that your investment objectives are reflected in your portfolio risk and tax strategy.
Personalized Guidance:
Expert advice from Kyle Kay, CFP®, AIF®, who brings professional experience and a commitment to your financial well-being.
By working with us, you gain a partner who simplifies the complexities of investment planning, empowering you to achieve your financial goals with confidence.