Join the Insights from Fidelity Wealth Management team for the second of a 3-part series on retirement planning. We will focus on helping you manage many of the questions you may face during your retirement, such as “How do I make my money last?” and “How do I get comfortable actually spending the money I have saved?” Specific topics we'll cover include: - Retirement income planning and the different sources that can help create your cash flow - Optimizing your withdrawals, including drawdown strategies for ...

Company Information - Fidelity Brokerage Services LLC is a member of NYSE and SIPC [1] Contact Information - The company's address is 900 Salem Street, Smithfield, RI 02917 [1]

Core Insights - The individual has accumulated $500,000 in savings and plans to retire at age 65, expressing concerns about retirement income sources [2][4] - The 4% rule suggests that the individual can withdraw 4% of their retirement portfolio annually, potentially leading to a sustainable income stream [5][7] - Projections indicate that with current savings and contributions, the individual could have approximately $1,409,757 by retirement, translating to an annual income of $56,390 [7] Financial Projections - The individual earns a $50,000 annual salary and contributes 5% to their 401(k), with a 3% employer match, and assumes a 6% annual investment return [6] - After accounting for 2.1% annual inflation, the inflation-adjusted balance at retirement could be around $1,008,439, yielding an annual income of $40,337 in today's dollars [7] - This projected income is close to the individual's current salary and may adequately replace it, considering their low living expenses [8]

SmartAsset and Yahoo Finance LLC may earn commission or revenue through links in the content below. I’m 72 years old and my wife is 70. Over the years, some of our financial decisions were not the best, but we have enjoyed 45 years together so far, having two sons and now two daughter-in-laws and five grandchildren. Our problem is that because we wanted to give our sons the best of everything as a head start in life, we now struggle with borderline problems in our twilight years. Due to health reasons, ...

Group 1 - The article discusses the considerations for individuals deciding whether to use a financial advisor or opt for less expensive alternatives like Vanguard, especially in the context of changing market conditions [1][2] - It emphasizes the importance of assessing the type of service needed, whether it is solely investment management or broader financial planning, which can influence the choice of advisor [3][4] - Financial planners offer a range of services beyond just investment management, including retirement income planning and tax planning, which can help clients achieve their financial goals [5][6][7] Group 2 - Retirement income planning involves strategies for managing withdrawals from various accounts to ensure reliable income streams during retirement [6] - Tax planning is highlighted as a critical service, where financial planners can assist clients in understanding tax implications and optimizing tax liabilities throughout their lives [7]

RT WSJ | Buy Side (@BuySideWSJ)Understand how retirement advisors help clients with retirement income planning, tax strategies and investment guidance.https://t.co/YrJtduCS9h ...