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Income Planning Services 

Income Planning Services in Long Beach, CA | Randall Wealth Group

Income Planning Services in Long Beach, CA

At Randall Wealth Management Group, we pride ourselves on being a small, family-owned firm. When we develop a new relationship, we look at it as lifelong and treat the client like family. It takes time to cultivate meaning and trust within the scope of the advisor/client relationship. All of our efforts are geared towards gaining the confidence of our clients through our ability to provide appropriate financial solutions to each area of their financial picture. Each client receives individualized care from our team of financial professionals. We specialize in retirement planning and investment services in Long Beach, CA. Our Retirement Planning Software creates a realistic projection of what an individual’s retirement will look like and identifies potential concerns.

Income Planning Strategy

Income Planning can be achieved by using many different strategies and investments. One of the more popular strategies is called the bucket strategy.

There are multiple buckets that have a time horizon built into each one of them. The shorter the time horizon the safer and more liquid the investment. The long-term buckets can have more volatile and illiquid assets. They can also be additional buckets that act a stream of income or have a pension payout option.

Types of Buckets

  • Short-Term Bucket - Consists of cash, certificate of deposit, money market accounts, bonds, mutual funds, exchange traded funds, and any other liquid and safe investment product.
  • Mid-Term Bucket – It can be made of mutual funds, exchange traded funds, stocks, and other moderate risky investments.
  • Long-Term Bucket – This can also hold mutual funds, exchange traded funds, stocks, and other risky or alternative investments.
  • Additional Bucket – Can be an annuity or another type of product that could potentially provide a lifetime income

We help manage these different buckets and investments, but our true value is our knowledge and experience. A financial advisor evaluates your financial situation and recommends solutions based on many factors to help and implement the income strategy.

Why Should I Use A Financial Advisor?

Although we have access to a wealth of information in this day and age, including financial information, it is essential to seek the advice of a knowledgeable professional. Why should you get a financial advisor involved? Part of the problem is that there is too much information available, and it can be pretty overwhelming for someone with limited experience in the world of retirement planning. Using a financial advisor to guide and teach you how to make informed decisions can help you avoid making costly mistakes. Call and make an appointment today.

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