Larry & Cheryl’s Story
Larry and Cheryl had spent 35 years building their retirement.
Now they had to figure out how to live on it.
The Situation
Larry and Cheryl had spent decades preparing for retirement.
They worked hard, saved consistently, contributed to their retirement accounts, and paid down debt. Throughout their working years, they always knew where their income came from and how much they spent each month.
As retirement approached, they realized something.
Everything they understood about their finances was about to change.
The paycheck they had depended on for decades was about to stop, and they weren't sure what would replace it.
The Challenge
Retirement changes almost everything.
Larry and Cheryl weren't worried about saving anymore. They were worried about creating the paycheck that would support the next 30 years of their lives.
Your paycheck stops.
Social Security begins.
Maybe a pension starts.
Income now comes from several different places instead one employer.
Taxes change.
Healthcare costs change
Spending changes.
Required Minimum Distributions eventually begin.
Questions began to surface:
They didn't need more guesses. They needed a Retirement Paycheck Plan.
Our Approach
We didn't start with investments. We started with their retirement.
We reviewed:
Rather than making each decision separately, we built one coordinated Retirement Paycheck Plan centered around Vision, Income, Expenses, and Protection.
By Working With Advanta
For the first time, Larry and Cheryl could clearly see retirement.
They knew where every retirement paycheck would come from.
They understood how their monthly expenses would likely change.
They knew which accounts to withdraw from first.
They understood the tax impact of their withdrawal strategy.
The plan helped with clear decision making on the appropriate level of spending.
They had confidence their plan had been stress-tested.
They no longer had a collection of retirement accounts.
They had a coordinated retirement income strategy.
Could This be you?
If retirement is only a few years away, your questions are probably changing.
It's no longer just about how much you've accumulated.
It's about turning a lifetime of savings into the paycheck that will support the retirement you've worked so hard to build.
A Retirement Paycheck Plan brings every piece together into one clear strategy.
Ready to See Your Retirement Paycheck?
We'll show you where your income will come from, how your expenses may change, how taxes fit into the picture, and how your investments can support the retirement you envision.
The above case study is hypothetical and does not involve an actual Advanta Wealth Management client. No portion of the content should be construed by a client or prospective client as a guarantee that he/she will experience the same or certain level of results or satisfaction if Advanta Wealth Management is engaged to provide investment advisory services. Actual results will vary based on individual circumstances, investment objectives, market conditions, and other factors.