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Mar 6, 2023|Reports

Definitive Guide to Retirement Income

When it comes to retirement, you need to have enough money coming in to cover your expenses and meet your goals without running the risk of depleting your nest egg. However, not all forms of retirement income are the same in the eyes of the IRS. Some can be partially or even fully taxable, and some can impact the way your Social Security benefits are taxed. And that’s just for starters.

In this report, we’ll discuss the following:

1. What is retirement income?
2. What is a fixed-income investment?
3. Understanding fixed-income investments
4. What is an example of a fixed-income investment?
5. Types of fixed-income investments
6. What is the average retirement income?
7. What is a good monthly retirement income?

What is Retirement Income?
As many Americans are enjoying 20 to 30 years in retirement, it has become imperative for anyone close to retirement age to establish their own streams of income that they can count on to cover their living expenses and meet their goals in retirement. That’s basically what retirement income is all about: having enough money coming in each month so that you don’t have to tap into the principal balance of your retirement savings.

Retirement income can come from a wide range of sources, including:

• Social Security benefits
• Annuity payouts
• Retirement or profit-sharing plans
• Insurance contracts
• Pension plans
• IRAs, 401(k)s, and 403(b)s

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Drew Pelton Investment Services, Retirement Planning Services, Baton Rouge, LA

All written content on this site is for informational purposes only. Opinions expressed herein are solely those of Drew Pelton Investment Services. and our editorial staff. Material presented is believed to be from reliable sources; however, we make no representations as to its accuracy or completeness. Investing involves risk. There is always the potential of losing money when you invest in securities. Asset allocation, diversification and rebalancing do not ensure a profit or help protect against loss in declining markets. All information and ideas should be discussed in detail with your individual advisor prior to implementation. The presence of this website, and the material contained within, shall in no way be construed or interpreted as a solicitation or recommendation for the purchase or sale of any security or investment strategy. In addition, the presence of this website should not be interpreted as a solicitation for Investment Advisory Services to any residents of states where otherwise legally permitted to conduct business. Fee-based financial planning and Investment Advisory Services are offered by Sound Income Strategies, LLC, an SEC Registered Investment Advisory firm. Drew Pelton Investment Services and Sound Income Strategies LLC are not associated entities. Drew Pelton Investment Services is a franchisee of Retirement Income Source. Retirement Income Source and Sound Income Strategies LLC are associated entities. © 2023 Sound Income Strategies.

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