Our Clients

We work with clients from all ages and walks of life. Clients come to us throughout their lives, and it’s never too early or too late to get started with a sound financial plan that focuses on income planning.

Retirement Stages of Life

Working with individuals of all ages on financial planning and income planning requires a great deal of customization. The needs, goals, and risk tolerance of people across generations can vary from one another significantly. Creating a tailored financial plan that fits an individual’s needs without sacrificing their long-term objectives or present lifestyle is critical.

At Life Income, we pride ourselves on having the experience and understanding necessary to accurately assess an individual’s current situation and then design a comprehensive plan to help them achieve financial independence in the future. We work with clients from all ages and walks of life. As part of working with clients, we also implemment wealth transfer strategies to pass assets to the next generation.

30s & 40s | Wealth Accumulation Phase

This is the time of building assets by saving and investing, usually from earned income which you have specifically reserved for retirement. It is important to remember that your ability to maintain a comfortable lifestyle during retirement will depend on the money you saved, the investments you made, and the assets you accumulated during the Wealth Accumulation Phase.

50s & 60s Pre-Retirees | Wealth Preservation Phase

This is the core of your retirement planning efforts and ideally starts 7 to 10 years prior to your planned retirement date. This phase of your retirement starts with an evaluation of available income strategies (pensions, Social Security benefits, etc.) alongside retirement investments. We also estimate your basic living expenses and spending needs to determine how much income you will need during the Wealth Decumulation (Distribution) Phase of retirement.

65+ Retirees | Wealth Decumulation Phase

The Decumulation Phase of retirement is when individuals stop working and earning a salary. As a result, they must start relying on other sources to support their desired income and lifestyle. During this phase, retirees generally start withdrawing their accumulated savings and investment accounts to supplement any other possible forms of income (such as Social Security benefits, pensions, income from annuities, rental property income, etc.). A well-structured wealth decumulation plan, also known as a distribution plan, can help ensure that retirees have sufficient funds to live comfortably throughout their retirement years. 

Wealth Transfer

Wealth Transfer is the process of transferring assets from one generation to another. Depending on your assets and income needs, this might mean using some of your wealth for gifting or long-term savings for grandchildren while you’re still alive.  For others, this will mean making sure your assets pass to heirs according to your wishes after your death. We’ll work with you while you’re alive to ensure your loved ones are taken care of when you pass away.

 

 

 

Examples of Our Clients

The financial planners at Life Income have deep experience working with clients across all professional and educational backgrounds. Examples of some of the clients we work with are as follows:

Technical Professionals

We work with a lot of technical professionals, such as engineers, architects, and pilots. Because these individuals have careers that require disciplined planning and risk management, we find they like working with us. Our comprehensive approach to life income planning, addressing their specific needs, understanding their career paths, and identifying their future goals, is a good fit for these individuals because they’re into the details. Our approach to planning includes a variety of scenario analyses that look at things from multiple angles, which closely aligns with individuals in these fields.

Widows

We work with widows, both before and after the death of a partner, to help them plan for a secure and comfortable economic future for themselves and their families. When we work with couples on financial and income planning, we consider the living expenses that one spouse needs to cover in the event of the death of a partner. We help widows navigate decisions around life insurance payouts or selling property. We’re here to help guide them through a painful time in life and allow them the comfort of being able to grieve without worrying about money.

Divorcees

We also work with divorcees, helping them sort through the complexities of asset division and develop a secure financial plan for the future.  We understand the unique needs of divorcing couples and provide sound guidance as they make decisions about their finances. Divorce can be an emotional time, so having an objective third party who understands the financial aspects of divorce is essential. Once finalized, we help divorcees protect and grow their individual assets, and plan for retirement.  Our main goal is to ensure a divorcee updates their overall financial plan to ensure their individual assets, as opposed to joint assets, are the basis for creating financial freedom.

Children of Our Clients

We work with our clients’ children as financial planners and find it highly gratifying when another generation of a family trusts us to manage their money. As financial planners, we strive to understand not only the financial needs and goals of our clients, but also the hopes and dreams of their children. This is because we’re always thinking about wealth transfer and legacy planning. By the time we meet our clients’ children, we feel like we already know them like family. Our clients’ children tend to be in the accumulation stage of retirement. We enjoy working with younger individuals to develop a financial plan that focuses on all stages of retirement and getting to help clients as much with growth as with distribution.

Schedule a Discovery Call

Take advantage of a no-cost, no-obligation meeting where we'll learn about your income needs and broader financial goals.

Don’t put off planning for your future because today’s income can be used to fund tomorrow.