What is your income floor? If you don’t know then you are not ready to retire. An income floor is the minimum amount you’ll need to not only cover basic expenses but also maintain your current lifestyle. Without knowing how much money you’ll need to live well in retirement, you can’t retire with confidence. At Alloy Wealth, when we work with a client to customize their retirement plan, we want them to feel prepared and ready for the next phase of their lives. 

Mark Henry founded Alloy Wealth Management because he wanted to help others have a good life. When he was younger, he watched his parents lose half of their retirement savings on Black Monday. It was devastating. That loss motivated him to help others learn to build wealth and protect their money from market volatility so they could realize their retirement goals. 

Mark’s saying is, “your income is the outcome” which means your income in retirement will determine how you live in retirement. Most people have no idea what their base income will be once they stop working. They put their trust in dividend stocks, real estate, and market returns to provide which leaves them vulnerable because those returns aren’t guaranteed. 

Your income floor isn’t the magic number for retirement; it’s simply the amount of money you will need to live the retirement of your dreams. Contact Alloy Wealth and we will teach you how to create a guaranteed and predictable retirement income using Social Security, pensions, and annuities. Retirement confidence is a phone call away. Call 800-689-3935 to schedule an appointment.