Income Planning
Is Your Financial Plan On Track?
As you look to the future and imagine your goals and ambitions, does your current financial situation put you on track to reach your dreams and aspirations? If you currently make a comfortable income, do you have a financial backup plan to support yourself if your circumstances were to change? At Beacon Financial Group our experienced advisors help you become financially stable in your financial plans. We will help you forecast your financial needs, and prepare for possible changes. As you look to the future and imagine your goals and ambitions, does your current financial situation put you on track to reach your dreams and aspirations? If you currently make a comfortable income, do you have a financial backup plan to support yourself if your circumstances were to change? At Beacon Financial Group our experienced advisors help you become financially stable in your financial plans. We will help you forecast your financial needs, and prepare for possible changes.
When Your Regular Income Shifts
Income planning allows you to forecast your future expenses and determine how you will afford to live a comfortable lifestyle, even when you are no longer bringing in a steady income. It is wise to create an income plan for both predictable and unpredictable circumstances, such as the following:
- Career transition
- Disability
- Divorce
- Job Loss
- Retirement
Facing Financial Change
When your source of income changes, you may be faced with many complicated decisions. We can show you the pros and cons of dipping into your IRA, 401(k), or other retirement funds. If your employer offers a pension, we can advise you on timing your payout wisely, how to avoid penalties, and what taxation you can expect.
Your Financial Advisory Team
It's never too late to begin planning your financial future. Contact us online or by phone at (908) 788-3636 to discuss income planning with our financial advisors today.