Personal & Family

Retirement Income Planning

Saving for retirement is one challenge — turning your savings into a sustainable income for 30 years is another entirely. Markets fluctuate, tax law changes, and unexpected expenses arise. We build retirement income plans that seek to handle all three, drawing from the right accounts in the right order so your money lasts and your tax bill stays low.

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Who We Help

  • Pre-retirees within five years of leaving work who want a clear paycheck strategy
  • Newly retired couples coordinating Social Security, pensions, and portfolio withdrawals
  • Retirees facing required minimum distributions (RMDs) at age 73 or 75
  • Anyone considering when to claim Social Security or whether to take a pension as a lump sum or annuity

Retirement Income Strategies

  • Tax-bracket-aware withdrawal sequencing — drawing from taxable, tax-deferred, and Roth accounts in the most efficient order
  • Social Security claiming analysis for singles, spouses, divorced spouses, and survivors
  • Sequence of returns risk management with bucket strategies and cash reserves
  • Roth conversions in the gap years between retirement and RMD age to lower lifetime taxes
  • Pension lump-sum vs. lifetime annuity analysis using current interest rates

Healthcare & Medicare Planning

  • Medicare enrollment timing and IRMAA (income-related Medicare premium) management
  • Bridge healthcare strategies between early retirement and age 65 Medicare eligibility
  • Long-term care funding analysis — traditional LTC insurance, hybrid policies, or self-funding
  • Health Savings Account (HSA) optimization as a stealth retirement healthcare account

Frequently Asked Questions

When should I claim Social Security?

It depends on your health, marital status, other income, and life expectancy. Delaying from age 62 to 70 increases your benefit by roughly 8% per year — a powerful inflation-linked guarantee. We run break-even and survivor analyses to find the right age for your situation.

What is the safe withdrawal rate?

The classic 4% rule is a starting point, not a guarantee. A safe withdrawal rate depends on retirement length, asset allocation, taxes, and flexibility. Many of our retirees use a 3.5–4.5% dynamic withdrawal range that adjusts to portfolio performance.

What are RMDs and when do they start?

Required Minimum Distributions are mandatory withdrawals from tax-deferred accounts (IRAs, 401(k)s) that begin at age 73 (rising to 75 for those born in 1960 or later). Strategic Roth conversions before RMD age can significantly reduce lifetime tax.

Ready to Talk?

Let's start the conversation.

Every plan begins with a complimentary, no-obligation conversation about your goals.

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My 360 Wealth Management Group, Global Retirement Partners and LPL Financial do not provide tax or legal advice. Please consult your tax advisor or attorney for guidance specific to your situation.

LPL Financial representatives offer access to Trust Services through The Private Trust Company N.A. an affiliate of LPL Financial.

Investing in mutual funds involves risk, including possible loss of principal. Fund value will fluctuate with market conditions and it may not achieve its investment objective.

Investing in ETFs involves risk, including possible loss of principal, as well as risks related to diversification, trading interruptions, and tracking accuracy. Their market value will fluctuate and may trade above or below their net asset value (NAV), and upon redemption, ETF shares may be worth more or less than their original cost.

Investing involves risk, including possible loss of principal. There is no guarantee that the views or strategies discussed will be suitable for all investors, achieve desired results, or protect against loss. Investors should consult a financial professional to determine what may be appropriate for their situation.