Broker Check

Office One

690 Douglas Pike

Smithfield, RI 02917

Office Two

35 Dyer Street

Portsmouth, RI 02871

Retirement Income

Saving and investing for retirement can seem like an insurmountable task. One area of specialization at WealthCare Investment Partners is our ability to provide strategies aimed at turning their savings into a lifetime income stream. Retirees are living longer, so you may need to plan for 25 or 30 years in retirement. Retirement income distribution strategies designed to account not only for inflation and market fluctuation, but also for your specific needs and tax concerns, are critical to providing consistent income and capital protection. 

A sound strategy is crucial both during the accumulation stage and if already retired. The need to ensure that retirement income needs, maintaining lifestyle choices, and fund long-term goals for healthcare, estate planning, and travel. 

We can help you develop a comprehensive plan with the following goals:  

  • Minimize taxes on income – now, during retirement, and for heirs
  • Protect assets while providing a lifetime income stream
  • Analyze pension maximization strategies
  • Maximize Social Security income for family members 

One example of how we help individuals in the distribution phase is by reviewing the different options for claiming Social Security, and the financial consequences of that decision. How old when claiming has a dramatic effect on the monthly benefits and, if married, what the spouse will get for the rest of their lives.