While most people consider financial planning to be primarily about the management of assets they’ve already accumulated, many forget to assess the value of future income on their long-term financial condition. In fact, income planning is a critical part of the overall investment process, as it enables you to prepare for changing lifestyle needs over time, while simultaneously establishing a savings plan that will ensure you achieve your long-term goals. Your financial advisor should work with you to develop a comprehensive income strategy that bridges the gap between where you are today and where you want to be in the future in terms of monthly retirement income.
