Retirement

Proactive Retirement Planning: Designing the Future You Deserve

Retirement is more than just an end to your working years; it’s the beginning of a new chapter where you have the freedom to live life on your own terms. Whether your vision includes traveling the world, spending more time with family, pursuing a passion project, or simply enjoying a life of leisure, a successful retirement requires careful and proactive planning. The key question is no longer just “How much can I save?” but “How can I create a reliable and sustainable income stream that will last throughout my lifetime?” At Adrian Alexander Aguayo – New York Life Insurance, we specialize in helping clients answer that question with confidence, creating comprehensive retirement strategies that turn a lifetime of hard work into a future of security and fulfillment.

Our Approach to Retirement Planning

We see retirement planning as a dynamic, ongoing process, not a one-time event. Our approach is holistic, looking at your entire financial picture to ensure all the pieces work together. We begin by helping you crystallize your vision for retirement. What does your ideal future look like? What are your anticipated expenses? From there, we conduct a detailed analysis of your current savings, assets, and potential income sources, such as Social Security and pensions. We then identify any gaps between where you are and where you want to be. Our role is to build a bridge across that gap with personalized strategies that focus on accumulation during your working years and strategic distribution once you retire.

Core Components of Our Retirement Services

We provide guidance on a wide range of retirement planning vehicles and strategies to help you build and protect your future.

Retirement Savings Accounts
Building a substantial nest egg is the foundation of a secure retirement. We help you maximize your contributions and investment strategy within various tax-advantaged accounts:

• Traditional & Roth IRAs: We’ll help you understand the difference between these powerful retirement accounts and determine which is best suited for your tax situation and long-term goals.
• 401(k) / 403(b) Rollovers: When you change jobs or retire, making a smart decision about your old employer-sponsored retirement plan is crucial. We can help you evaluate your options, including rolling the funds into an IRA to gain more control and a wider range of investment choices.
• SEP IRAs & SIMPLE IRAs: For small business owners and self-employed individuals, we offer guidance on setting up and managing retirement plans that benefit both you and your employees.

Creating Your Retirement Paycheck
Once you retire, the focus shifts from saving money to creating income. We design strategies to convert your accumulated assets into a reliable stream of income that can last for decades. This involves a careful balance of different income sources:

• Annuities: As discussed in our Investment section, annuities can provide a guaranteed lifetime income stream, forming a secure base for your retirement expenses.
• Systematic Withdrawals: We help you structure a sustainable withdrawal strategy from your investment portfolio, designed to provide the income you need while managing your assets for longevity.
• Social Security Maximization: The age at which you claim Social Security can have a massive impact on your total lifetime benefits. We provide analysis to help you decide on the optimal claiming strategy for your circumstances.

Pension Maximization Strategies
If you have a defined-benefit pension, you often face a choice between a higher single-life payout or a lower joint-and-survivor payout. We can analyze a “pension maximization” strategy, where you take the higher single-life payout and use a portion of it to purchase a life insurance policy, potentially providing more income during your lifetime and a greater benefit to your surviving spouse.

Your dream retirement is within reach. Let’s work together to create a detailed, actionable plan that gives you confidence in the years ahead.