Welcome to Income Allocation Planning
The Income Allocation Planning (IAP) method has been developed by Golden Retirement Advisors, Inc. (GRA), an investment advisory subsidiary of Golden Retirement, LLC and an affiliate of the 2Income Annuity Group. GRA's core objective is helping clients achieve security in retirement, with the goal of maximizing their dependable, spendable income. See About Us.
To learn more about IAP, click here to get a copy of the Income Allocation eBook. Also, here's a copy of a Q&A we presented in Kiplinger’s May 2019 Issue of its Retirement Planning Guide.
In exploring the Income Allocation Planning tool in Steps 1, 2 and 3, you should be aware of the following:
1. The plan will only provide you a direction for your retirement income plan, and you will need an investment advisor to implement.
2. Certain aspects of the planning process will be left for implementation, e.g., selection of specific investment portfolios or treatment of deferred annuities as a savings source.
3. Implementation of your plan before retirement may be limited because of plan restrictions in your 401(k) or other qualified plan.
To discuss any of these matters plus to review your Income Allocation plan, click here to contact one of our Go2Specialists
More Retirement Income Less Market Risk
Most retirement planning today leaves you with most of the income risk.
Planning for retirement income is completely different than saving for retirement. You need dependable income in retirement that lasts for your lifetime. And you want the most spendable income after you pay taxes. Traditional retirement planning uses asset allocation as the main tool, which leaves you saddled with several risks. There is investment risk and longevity risk, but also the persistency risk of not following through on the plan because of nerves, and dependency risk caused by incapacity. The Income Allocation planning method focuses on income - the key driver of retirement - and allocates your sources of income among dividends, interest, annuity payments and withdrawals from savings. We try to keep that last component as small as possible and work to eliminate or minimize withdrawals by age 85 - or what we call your no-worry age.