Retirement & IRAs

As you approach the time when you’ll exchange your paycheck for retirement, you’ll begin depending on your carefully built IRA and retirement savings to generate the steady income stream that will support you throughout your retirement years.

Determine your Retirement & IRAs sources

Start by identifying your potential sources of Retirement & IRAs and estimating how much they may provide during your retirement years. Our IRA-focused investment portfolio can help you begin, with typical sources of income including:

• Guaranteed income sources such as Social Security, annuities, and IRA distributions
• Pension plans such as defined benefit plans and traditional IRAs/li>
• IRAs
• Retirement savings, including IRAs, 401(k), 403(b), and 457 plans
• Other non-retirement savings, including IRAs, brokerage accounts, savings accounts, and certificates of deposit (CDs)

Categorize your Retirement & IRAs sources

As you consider the Retirement & IRAs sources available through your IRA and other plans, begin organizing them into categories such as lifetime income, dividend income, and interest income. Due to their reliability, many retirees rely on lifetime income sources to cover necessary living expenses. Since discretionary and unexpected costs tend to be more flexible, your IRA and other investable assets can help manage those needs..

	Dividend	Interest	Lifetime
Goal	Income with growth potential, such as Roth IRAs, dividend stocks, and growth-oriented investment	Steady income stream, including traditional IRAs, annuities, and bond interest payments	Lifetime income stream, such as Social Security benefits, annuities, and IRA-required minimum distributions/td>
Examples	IRA mutual funds, dividend stocks	IRA bond funds, CDs, cash	IRA withdrawals, annuities, Social Security
Helps manage	Inflation impact	Market shifts	Income longevity
Benefit	Growth to offset inflation	Stable income support	Covers core retirement needs
Considerations	Market dips may reduce IRA value	May not beat rising costs	Less access and added fees

Diversify your Retirement & IRAs sources

Because each IRA income category serves a different role in retirement and protects against specific risks, spreading your IRA assets across all three types can help create a steady income stream that supports you through retirement.

• Dividend: Equity-based IRA investments. Designed to offer long-term income and growth, dividend-generating assets in an IRA can help reduce the effects of inflation. As you near retirement, allocating part of your IRA to high-quality dividend-paying stocks or equity mutual funds may support your financial goals while still benefiting from potential market growth. Do note that these investments may experience market fluctuations.
• Interest: Bonds and fixed income in IRAs. Interest-earning investments in an IRA can provide steady income with lower risk while helping maintain your original investment. As retirement approaches, boosting these allocations may help cushion market swings, although these options can still involve risks like credit exposure.
• Lifetime: Social Security and IRA withdrawals. Many retirees rely on Social Security as a reliable income source. When combined with structured IRA withdrawals or annuities, they help build a lifetime income foundation. You can begin Social Security as early as age 62 or delay it up to age 70. Use the Social Security Administration's retirement tool to explore your options.

Get started today

• Learn more about the IRA investment choices available to you.
• Request a free retirement consultation to review your IRA strategy and ensure your plans align with your goals.
• Consider partnering with a Financial Advisor to build a long-term retirement plan with your IRA portfolio in mind.

Walestrustcorp can help you invest your savings to create predictable Retirement & IRAs

As you build your IRA retirement strategy, Walestrustcorp is here to guide you. Reach out to us today to start planning, book your IRA consultation, or learn more about your income options and withdrawal strategies in retirement.