Income Planning

Retirement shouldn’t feel like a guessing game. After years of earning a paycheck, the transition to living off savings, pensions, and Social Security can be overwhelming. Without a clear income plan, it’s easy to worry about running out of money, rising costs, or market downturns. That’s where we come in.

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Create a plan for Retirement Income

At 3 Rivers Financial Group, we help you turn your retirement savings into a structured, predictable income—so you can enjoy life without constantly stressing over finances. We build a strategy designed around your unique financial picture, factoring in everything that life and the market can throw at you.

  • Retirement Savings & Investment

How to withdraw funds efficiently while keeping your portfolio balanced.

  • Taxes & Deductions

Strategies to minimize tax burdens and maximize what stays in your pocket.

  • Social Security & Pension Benefits

Optimizing when and how to claim benefits for the highest payout.

  • Spending & Budget

Ensuring your income comfortably covers essentials, lifestyle choices, and unexpected expenses.

  • Market Fluctuations

Creating a plan that withstands economic shifts while keeping your income steady.

  • Healthcare & Long-Term Costs

Factoring in medical expenses, Medicare planning, and long-term care so your income can support your future needs.

close up view of financial charts and calculator

The best income strategy? Personalized & Predictable

There’s no one-size-fits-all approach to income planning in retirement, but a strong income plan has many benefits. 

  • Cover all essential expenses

  • Allow for lifestyle spending and travel

  • Account for unexpected costs

  • Include savings for long-term care or future goals

We’ll help you determine the right mix based on your goals, lifestyle, and risk tolerance.

Questions about income planning in retirement? Read our FAQs

When should I start planning my retirement income?

Ideally, at least 5-10 years before retirement. The sooner you create a strategy, the more flexibility you’ll have to adjust investments, reduce taxes, and ensure a steady income stream.

How do I make my money last through retirement?

By strategically withdrawing funds, adjusting for inflation, and diversifying your income sources. We help you structure your assets to generate reliable income while minimizing risk.

How much should I withdraw from my retirement savings each year?

A common rule of thumb is the 4% rule—withdrawing 4% of your total savings each year. However, the right withdrawal rate depends on factors like your expenses, lifespan, market conditions, and other income sources. We help you determine the safest strategy for your situation.

What’s the best way to balance spending and saving in retirement?

A structured income plan helps you cover essentials, enjoy your lifestyle, and still grow your savings. We often use strategies like the bucket system (short-, mid-, and long-term funds) or guaranteed income products to create stability.

Do I need a financial advisor for income planning?

If you want to maximize your retirement income, minimize taxes, and ensure your savings last, working with an advisor can make a huge difference. A personalized approach helps you make informed, stress-free decisions about your future. 

How can I reduce taxes on my retirement income?

Smart tax strategies, such as Roth conversions, tax-efficient withdrawals, and timing Social Security benefits, can help keep more money in your pocket. We tailor tax-saving approaches based on your income and assets.

Retirement planning Resources

Travis Morrow pointing at a financial chart