Another dinner event

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Distribution Phase Planning – What it is and why you should start thinking about it NOW

We know that financial planning can be an intimidating process. There’s  a lot at stake for you and your family, and getting lost in industry lingo can be frustrating. That’s why at Flagship Financial, we strive to equip you with the knowledge needed so that you feel comfortable making informed financial decisions for you and your family. In this article, we’ll break down Distribution Phase Planning, helping you understand what it is and why it’s important for you to start thinking about now.

Distribution Phase Planning – What is it?

Simply put, Distribution Phase Planning means planning how to best distribute your wealth during retirement. In the Distribution Phase of your financial life, you are no longer building wealth, but using the wealth you have accumulated throughout your life to fund your retirement.

In the distribution phase, you begin relying on personal assets such as retirement savings accounts, social security benefits, and various investments to support you financially. All the wealth you have accumulated throughout your life begins to be distributed.


enjoy your retirement with the proper planning. Distribution phase planning will help you prepare

Why it Matters

The landscape of retirement has changed drastically in America over the past few decades. In years past, you worked most of your life for a single, large employer, and then collected a pension. Your main concern during retirement was figuring out how to use your spare time.

That’s not the case anymore. Most likely, you will be living in retirement on money you yourself have saved and assets you have accumulated. You must know how to best distribute them.

If you are reading this, chances are you are getting close to retirement. You need to begin reviewing your retirement investments to ensure they are sufficient to meet your lifestyle requirements. In other words, you need to make sure you’ve established enough income streams to meet your needs during retirement.


retirement is closer than you think. Distribution phase planning is something to start thinking about now
begin taking stock of your assets and building strategies to maximize what you have accumulated

Distribution phase planning is important because you begin taking stock of your assets and building strategies to maximize what you have accumulated, helping you establish a predictable retirement income – guaranteeing you will never run out of money during retirement while protecting what you have for the next generation.

In our next blog, we’ll cover some tips and tricks for distribution phase planning. 

5 Ways to Ensure Your Retirement Income Lasts

Americans are living longer, healthier lives than ever before.
That’s great news. But with that great news comes a challenge: most Americans feel unprepared for retirement, unsure that the nest egg they have put away will last them through their later years. In fact, according to the Insured Retirement Institute, 75% of retirees believe they will fully deplete their assets during retirement. Is this you? Thankfully, you can put retirement income strategies in place to alleviate fear and mitigate the risk of exhausting your resources.

retirement income strategies are important


The goal of retirement income planning is plain and simple: create predictable retirement income out of the assets, investments, and social security you have accumulated – ensuring that your resources outlive you.

do you have a retirement income strategy in place?

Below are some tips and tricks to ensure your retirement income lasts:

5 Ways To Ensure Your Retirement Income Lasts:


  • Create a Monthly Budget – You’ll need to create a monthly budget to ensure your necessary expenses are covered every month. Calculate your monthly needs and take out of your budget the amount of Social Security and other income streams needed to cover this month by month, then build a strategy around discretionary expenses.
  • Maximize Social Security – Wait until your maximum retirement age to start Social Security, instead of jumping in at 62. You’ll have a significantly higher monthly retirement income.
  • Tax Efficient Withdrawals – Every penny counts in retirement, especially when it comes to tax savings. Every retirement account is taxed differently, so you must be strategic when withdrawing money. Honestly, the tax world can be really complicated, and it may be best to hire a financial advisor to help you strategize.
  • Diversify Your Portfolio – Retirement investing is just like any other investing when it comes to wisdom: you’re looking for the highest return with the least risk of loss. Invest in a mix of assets that will allow your portfolio to withstand any economic turbulence.
  • Think Outside the Box With Passive Income – Real Estate, stocks/bonds, and annuities aren’t the only ways to generate retirement income. Get creative with investing in small businesses that can provide a lasting income.retirement income strategies can include a new venture
    Not only will investing in that small ice cream shop on the town square provide you with retirement income, it’ll keep you active and engaged as you age. However, these ventures can be risky and you still need to invest widely.