Otium Financial Planners
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Retirement Income Planning involves identifying the different sources of potential retirement income and estimating the amount of monthly cash flow you may expect to receive from those sources. The purpose of creating a retirement income plan is to determine how much monthly income you will have relative to your needs, wants, expenses, and lifestyle.

As you look to the future, take a moment to examine your savings portfolio and ask yourself if anything’s missing, such as a steady stream of guaranteed income for every year of your retirement.


©2017 Broadridge Investor Solutions, Inc.

While Social Security and pensions might provide some of your income, it may not be enough to give you the retirement you want – and deserve. That's where annuities may be able to help. Now’s a good time to assess your finances to ensure you’ll have sufficient income to cover your activities and lifestyle throughout your retirement. Whether you’re looking to diversify your income sources, secure predictable, stable income for life or help cover some of your everyday expenses during retirement, an annuity may be right for you. We work hard to help you create your own personal pension plan strategy that can help provide income for life. We can help turn your assets into an income-producing Fixed Index Annuity (FIA) for added protection against the volatility of the stock market.

Based on your personal needs and goals, an annuity may be a wise part of your overall retirement strategy.

We work with our clients to formulate an income plan for their retirement. We look at our clients’ overall picture to determine all of their retirement income sources, such as 401(k)’s, pension plans, social security benefits, IRA distributions, annuity payments, investment account withdrawals, etc.


We help our clients answer the following questions:

· How much income will I need in retirement?

· From what sources will I receive retirement income?

· How can I protect my retirement income from inflation?

· What are the best withdrawal strategies for my assets?


Another key area we help our clients with is Social Security Planning. Many clients have questions about taking Social Security, such as:

· When should I start taking Social Security?

· When should my spouse start taking Social Security benefits?

· I’m still working, what happens if I start taking Social Security?

· What happens to our benefits when one spouse dies?



©2017 Broadridge Investor Solutions, Inc.

Social Security planning is very complex and there are many different claiming strategies that can be implemented depending on a clients’ situation. We work closely with our clients to determine the most effective strategy for them.