crossroadsmI recently attended a Retirement Income Forum where thought leaders from the industry shared the latest ideas and tools for managing the challenging task of creating a sustainable income from an investment portfolio. One theme that emerged was the importance of good decisions. Experts suggested that good decision making can increase the income from a portfolio by as much as 20% at the times when that income can most be enjoyed. This confirms what we at Axiom Advisors have held as a core value for a long time. Good decisions give you a greater probability of good results.

 Social Security:

Nowhere is this more important than in choosing your strategy for selecting Social Security Benefits and in preparing for medical costs after leaving the workforce.  Social Security for most people is an inflation adjusted stream of income that they will have for life. Married couples have multiple options as to how they can take their income. If both husband and wife are fully insured under the Social Security System, they each have access to two benefits. They have their own account and also a spousal benefit under their spouse’s account. In order to make a great decision on your benefits you need to know two things. First, you need to know what your benefits are; and, second, a clear idea of your timeline for leaving work. These two factors will provide a basis for multiple options on how you can customize your benefits to fit your plan. Our firm has recently purchased a modeling system to help our clients’ model their options.

Summer Events: 

Watch your email for upcoming summer events. We are planning some workshops, webinars and possibly an outing or two. We do not take your business for granted. It is our pleasure to be of service.

Submitted By David M. Wheat, CFS, ChFC