1) What is a “retirement paycheck plan”?
It’s a structured plan for creating reliable income from your resources—Social Security, pensions (if any),
and withdrawals—so you can fund retirement while accounting for inflation, taxes, and market volatility.
2) When should I claim Social Security?
Claiming at 62, full retirement age, or 70 can each be right depending on health, work plans, and income needs.
For couples, the decision often hinges on coordinating benefits and planning for survivor income.
3) How do spousal and survivor benefits affect our plan?
Many couples are surprised that one Social Security check may disappear after the first death, with the survivor
keeping the higher benefit. Planning as a household helps protect future income.
4) Will my Social Security be taxed?
It can be, depending on total income and withdrawals. Coordinating the timing of Social Security with your withdrawal
strategy can reduce “surprise taxes” and improve after-tax income.
5) Should I roll over my 401(k) when I retire?
Many retirees consider an IRA rollover for flexibility and coordinated income planning. Others keep assets in the 401(k)
for certain plan features. We compare fees, investment options, and withdrawal needs.
6) How much can I safely withdraw each year?
A “safe” withdrawal depends on your age, portfolio mix, spending goals, and market conditions—especially early in retirement.
The best approach is building a plan that can adapt to downturns and inflation.
7) What are the most common mistakes people make?
Common mistakes include: claiming Social Security without considering the surviving spouse, withdrawing without a plan,
ignoring taxes, underestimating inflation, and not preparing for market shocks early in retirement.
8) What should I bring to a complimentary conversation?
Helpful items include your SSA statement (or estimated benefits), a recent 401(k)/IRA statement, and a rough estimate of
your monthly income needs. If you’re married, spouse details help too.
9) Do you meet with both spouses?
Yes—spouses are encouraged. Social Security and retirement income planning are household decisions, and including both people
leads to clearer, more confident choices.
10) Do you work with Illinois residents only?
Yes. We’ll confirm fit and next steps during your complimentary conversation.
