Broker Check

Retirement Income Planners

Crossroads Capital Management


At Crossroads Capital Management, we don’t simply advise our clients on their finances. With us, it is personal. Everything we do, we put our heart and spirit into. We are passionate about ensuring that each and every unique client we serve has a financial plan that is as diverse as they are. With our data-driven three-step process, we carefully assess, plan, and manage your every financial concern. Our clients do not look at us as brokers. We are the light that guides them on the path on their financial life. Our clients know that they can come to us with any questions or concerns they have. The doors at Crossroads Capital Management are always open. We are trusted friends and confidants to many. Come and discover how we go above and beyond expectations.


Retirement Income Planning


Retirement income planning is one of the most essential aspects of financial fitness. There is not a one size fits all path to planning for retirement. It is a process used to determine realistic goals for retirement income needs and determining what actions should be taken to meet those goals. Retirement income planning involves identifying viable income sources, evaluating expenses, creating a solid savings plan, managing assets, and determining risk levels. Retirement income planning is meant to remove stress and provide peace of mind for pre-retirees and retirees alike. Once you reach retirement age, the last thing you should be focused on is where your income is coming from. A retirement income planner works with people like you to ensure that your retirement plan is strategically aligned with your individual wants and needs.


Retirement Income Planning Basics


  • Save – A key component of retirement income planning basics is to save. It is wise to save in a regular savings account for general purposes, but your retirement savings funds should be explicitly allocated to a retirement savings account to make the most out of it. Retirement savings accounts allow your money to grow in a tax-efficient way.
  • Get-to-Know Your Needs – Another critical piece to the puzzle of retirement income planning is knowing and understanding your income needs when you retire. This is one reason why it is so important to plan ahead. If you have everything mapped out ahead of time, making sound financial decisions during retirement is easier.
  • Maximize Contributions – If your employer offers a retirement savings account(s), take advantage of it. Maximize your contributions. Many employers match a portion of employee contributions to employer-sponsored retirement plans.
  • Apply Basic Principles – Learn about and apply basic investment principles. Your retirement financial planner is a valuable asset, but you need to know the ins and outs of your retirement plan too.
  • Get an IRA – Get an Individual Retirement Account (IRA). While a 401(k) or other employer-sponsored retirement savings account is good to have, it will not take care of all of your retirement needs on its own. It is essential to use multiple retirement savings vehicles to diversify your retirement portfolio and maximize return.
  • Get a Retirement Planner – While it is essential to know and understand your retirement plan, all of the information available to pre-retirees and retirees can be pretty It is vital to bring in an expert who will help you each and every step of the way, leading you to your best and most successful financial life in retirement.


Retirement Plans


  • 401(k) – An employer-sponsored retirement savings plan.
  • 403(b) – Non-profit and tax-exempt organizations generally qualify for these retirement savings plans that are similar to a 401 (k).
  • IRA – An Individual Retirement Account is for those who have an earned income. There are many different kinds of IRAs.
  • Roth IRA – A Roth IRA is different than a traditional IRA. The key differences are in the tax features. Contributions to a Roth IRA are taxed, so when qualified withdrawals are made at retirement, they are tax-free.
  • Traditional IRA – Contributions made to a traditional IRA are pre-tax. This means that taxes are due upon withdrawal.


Retirement Planner


A retirement planner is your most valuable asset when it comes to planning for retirement. A retirement planner meets with their clients to complete an assessment of retirement income needs, gather information, and create a comprehensive retirement plan. Your retirement planner will work with you over time as your life changes and grows to ensure that your retirement planning portfolio changes and grows with you. You need to utilize a retirement planner to avoid making mistakes that can be detrimental to your well-being at retirement. Retirement planners may have years of experience and many may be specially trained and certified to help individuals work toward succeeding financially during retirement. We have retirement planners ready to serve you today.