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Retirement Planning

Build a Retirement You Won’t Outlive

Retirement planning isn’t just about saving money — it’s about creating a reliable income plan that lasts as long as you do. Loretta helps adults 45+ design strategies that protect savings, minimize taxes, and generate dependable income for decades to come.

Independent retirement guidance focused on income planning, rollovers, and long-term financial security.

Schedule a Free Retirement Consultation
Retirement savings concept with clock, stacked coins, and retirement jar

See If Your Retirement Income Plan Is On Track

Take a quick Retirement Readiness Quiz to see if your income plan is on track. In just a few minutes, you’ll identify potential gaps and areas that may need attention.

  • Review current retirement income sources
  • Identify potential income gaps
  • Explore strategies for reliable retirement income
Take the Retirement Readiness Quiz

Core Pillars of Retirement Income Planning

Retirement income planning involves more than simply saving money. A well-structured retirement plan focuses on creating reliable income, managing taxes, protecting savings from unnecessary risk, and helping ensure your money supports your lifestyle throughout retirement. Use our retirement calculator to estimate a potential monthly income gap.

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Social Security Optimization

Helping you understand when and how to claim benefits to maximize your lifetime income.

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Guaranteed Income Strategies

Exploring options designed to provide more predictable retirement income regardless of market conditions.

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Tax-Efficient Withdrawals

Strategies designed to help reduce the taxes you pay throughout retirement.

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Portfolio Protection

Helping reduce risk during the years you depend most on your savings.

How Loretta Helps

Retirement planning is not just about accumulating money — it is about turning your savings into a strategy designed to support your lifestyle throughout retirement.

During a consultation, Loretta helps clients review retirement accounts, explore rollover options, evaluate income strategies, and better understand the choices available to them.

As an independent advisor, she focuses on clear guidance, education, and helping you make informed decisions at your own pace. Learn more about Loretta and her approach.

Schedule a Consultation

What Clients Appreciate

“Loretta helped us better understand how to turn our savings into a retirement income strategy we feel confident about. She explained everything clearly and made the process feel much less overwhelming.”

— Mark & Denise R., Wisconsin

“I appreciated Loretta’s calm approach and how she walked through our options without pressure. We left feeling more informed and much more confident about retirement.”

— Sharon T., Pre-Retiree Client

Frequently Asked Questions

  • The earlier the better — but it’s never too late to start. Adults in their 40s have time to build a strong foundation, while those in their 50s and 60s can still make meaningful improvements through strategies like catch-up contributions, Roth conversions, and safe money allocations. A review at any age is valuable.

  • The right time depends on your health, other income sources, marital status, and whether you need income immediately. Claiming at 62 gives you income sooner but permanently reduces your benefit. Waiting until 70 maximizes your monthly payment. For many people in good health with other income sources, delaying results in significantly higher lifetime benefits.

  • You have several options: leave it with your former employer (if allowed), roll it to an IRA for more flexibility and potentially lower fees, roll it to a new employer’s plan, or convert some or all of it to a Roth IRA. Each option has different implications for fees, investment choices, taxes, and access. A rollover review can help you choose the right path.

  • Rolling over a 401(k) to an IRA can offer more investment flexibility, lower fees, and more control over your retirement funds. It can also make income planning simpler by consolidating accounts. However, the right decision depends on your specific plan, available investment options, and retirement goals. A rollover review can help you weigh the options before making a decision.

  • Guaranteed income in retirement typically comes from Social Security, pensions, and annuities. Income annuities and fixed indexed annuities with income riders can convert a lump sum of savings into a monthly income stream guaranteed for life — regardless of how long you live or what the market does.

  • RMDs are mandatory annual withdrawals from traditional IRAs, 401(k)s, and most other retirement accounts, starting at age 73 (under SECURE 2.0). Failing to take your RMD results in a steep penalty. RMDs are taxed as ordinary income and can push you into a higher bracket — which is why Roth conversion planning before RMDs begin can be valuable.

  • The “4% rule” suggests withdrawing 4% of your portfolio in year one of retirement and adjusting for inflation each year. With today’s longevity and market uncertainty, many planners suggest 3–3.5% as a more conservative target. Guaranteed income sources like annuities can allow you to withdraw less from your portfolio, extending its longevity.

  • Strategies include maintaining some growth-oriented investments in retirement, delaying Social Security to maximize inflation-adjusted benefits, and keeping a portion of savings in assets that historically outpace inflation. A balanced income plan addresses both the need for stability and the need for growth to keep pace with rising costs.

Estimate Your Retirement Income Gap

Use the free Retirement Income Calculator to compare your projected income sources against your estimated expenses and see how long your savings may last.

Open the Retirement Income Calculator →

Free to use — no account or login needed.