Retirement Income Planning

Positioning Money for a Purpose

Retirement income planning is about more than just accumulating savings; it’s about creating a consistent, steady, and diversified stream of income. We believe in positioning your money for a purpose, which means exploring a range of options, such as fixed index annuities (FIAs), dividend-paying stocks, and real estate investments. Our approach is designed to maximize your income while minimizing risk, providing you with the financial security you deserve.

Optimizing Social Security and Pension Options

Davenport & Associates takes a holistic approach to retirement income planning. We consider Social Security maximization strategies to ensure you receive the most benefits available. If you are fortunate enough to have pension options, we conduct a thorough analysis of all available choices, including pension drawdown, to optimize your retirement income.

Required Minimum Distributions (RMDs)

As you approach age 73, the government requires you to start taking Required Minimum Distributions (RMDs) from your retirement accounts. Our retirement income plan takes this into account, providing you with a clear strategy for managing these distributions while maintaining your financial security.

Confidence in Your Retirement Income

Our retirement income planning services go beyond simple financial advice. We provide you with a detailed plan that offers insight into how and when to access your money. This level of detail ensures that you can spend your retirement years with added confidence, knowing that your income is secure and will last as long as you need it.

At Davenport & Associates, we are committed to helping you achieve the retirement you deserve. Contact us today to start planning for retirement with confidence.