Creating a Steady Retirement Income
Turning your savings into a reliable monthly paycheck
One of the biggest concerns for retirees is outliving their money. At Synergy Wealth Management, we design retirement income plans that balance growth, security, and flexibility so you can enjoy retirement without constant worry. From Social Security strategies to annuities and portfolio withdrawals, we help ensure you have a plan that supports your lifestyle.
The Retirement Income Challenge
Why Retirement Income Planning Is Complex
Planning for income in retirement involves managing many moving parts. Lifespans are increasing, markets fluctuate, and healthcare and inflation can erode savings. That’s why a thoughtful strategy—backed by a fiduciary financial advisor—matters for turning your nest egg into sustainable income.
Sources of Retirement Income
Coordinating All Your Retirement Resources
Most retirees rely on a mix of income sources. Our advisors help you coordinate each to work together efficiently.
- Social Security Benefits – Optimize timing for the highest lifetime payout.
- Pensions – Review options and elections to maximize income and flexibility.
- Investments – Build portfolios that support structured withdrawals for steady cash flow.
- Annuities – Create guaranteed lifetime income that complements other assets.
- Other Assets – Integrate rental income, business income, or other resources into your plan.
Annuities as an Income Tool
Guaranteed Income That You Can’t Outlive
Annuities are insurance contracts designed to provide guaranteed income for life. At Synergy, we evaluate whether fixed, indexed, immediate, or deferred annuities fit into your plan. These tools can provide a “floor” of income that helps cover essential expenses, reducing reliance on market performance. Our fiduciary approach ensures annuities are only recommended when they truly benefit your retirement goals.
Withdrawal Strategy & Portfolio Design
Structuring Portfolios for Income and Growth
Not all retirement income comes from guaranteed products—investments play a vital role. We create customized withdrawal strategies, often blending dividend income, bond interest, and strategic principal withdrawals. Approaches like a “bucket strategy” (short-term, mid-term, and long-term allocations) help balance stability with continued growth. This disciplined design helps sustain income throughout retirement.
Disclosure: All guarantees of an Annuity are backed by the claims paying ability of the issuing insurer.
Tax-Efficient Income
Managing Withdrawals Wisely
Taxes can significantly impact retirement income. While we don’t provide tax advice, our advisors use strategies to help minimize unnecessary tax burdens, such as sequencing withdrawals between taxable, tax-deferred, and tax-free accounts. By managing the timing and source of withdrawals, we help preserve more of your retirement dollars for your needs.
Long-Term Care & Insurance Integration
Planning for Big Expenses in Retirement
Healthcare and long-term care expenses can disrupt even the best income plans. That’s why we integrate insurance solutions—such as long-term care coverage or life insurance cash values—into retirement planning. By accounting for these potential costs upfront, we help ensure your income plan remains resilient, even in the face of unexpected expenses.
