Retirement Income Planning in Peoria and Central Illinois

What a free Retirement Income Review covers

The review is a plain-English conversation about how your retirement income could work. It typically looks at:

Income sources

A clear list of where your monthly retirement income is expected to come from, and how it compares with what you expect to spend.

Social Security timing

How claiming earlier or later may change your monthly benefit, and how timing can fit with the rest of your income.

Pensions

Pension payout choices, such as single-life or joint-and-survivor options, and what each may mean for a surviving spouse.

Required withdrawals

When required minimum distributions from tax-deferred accounts may begin and how they could add to your taxable income.

Taxes, at a high level

A general look at how different income sources are taxed, so you know which questions to bring to your tax professional.

Lifetime income options

How insurance-based options, such as annuities with lifetime income features, work, what they cost, and their limitations.

What the review isn't

It is not investment, tax or legal advice. Dan is a licensed insurance professional, and any products discussed are insurance products only. For tax or legal questions, talk with a qualified tax professional or attorney. Any guarantees are subject to the financial strength and claims-paying ability of the issuing insurance company and the terms of the contract.

Common questions