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Income Planning

Having steady income in retirement is essential to maintaining your standard of living.

Why is income planning important?

Retirement brings a whole new set of challenges to your financial situation, which is why Summit Financial Partners specializes in closing the “income gap.” The “income gap” is the area in your monthly income not covered by pensions or Social Security.

In addition, the income plan focuses on the difference between accumulation and distribution. The goal is to not threaten your nest egg during the years you’re supposed to be taking trips with your spouse, spending time with your grandchildren, and checking items off your bucket list.

Monthly Income Graphic
Business associates sitting at desk

Our discussions when planning for income involve a few important questions:

How much do you need to cover your monthly expenses?
How much can you withdraw each year without the risk of running out of money?
In which ways can you protect your income from market downturns?
Can we protect your nest egg against the rising cost of inflation?
When and how should you collect your Social Security benefits?

Got questions? Contact us today.


Our approach to working with clients is one that is both relaxed and confident. The sound and well-researched solutions we provide to you is intended to establish a solid financial plan for your future.


Disclaimer:  The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided are for general information and should not be considered a solicitation for the purchase or sale of any security.

The content within this site is for informational and educational purposes only and does not constitute legal, tax or investment advice. Customers should consult a legal or tax professional regarding their own situation. This site is not an offer to purchase, sell, replace, or exchange any product. Insurance and annuity products and any related guarantees are backed by the claims paying ability of the issuing insurance company. Insurance policy applications are vetted through an underwriting process set forth by the issuing insurance company. Some applications may not be accepted based upon adverse underwriting results.