INCOME ALLOCATION WORKSHOP

Here are the topics that we will be covering in Income Allocation. We hope you will find lots of helpful information and resources here in this class. If you would like to contact us at any time you can click the “Contact us” button and we will respond to you as soon as possible.

WORKSHOP OUTLINE

MODULE 1 - INCOME ALLOCATION

  • Introduction to Module 1

  • The Wealthiest Generation

  • Retirement Challenge for Many Boomers

  • The Three Greatest Risks

  • Probability of Longevity

  • Research on Longevity

  • What’s Your Number

  • Average Retirement Age

  • Determining Your Income Need

  • Your Current Retirement Assessment

MODULE 2 - INCOME ALLOCATION 

• Asset Allocation & Withdrawal Rate Risk
• Lessons Learned from 2008
• Potential Pitfalls to Traditional Retirement Planning
• Historical Assumed Safe Withdrawal Rate
• Are You Approaching the Red Zone?
• Sequence of Returns Risk
• Sequence of Returns Risk and Your Income
• Market Volatility and Your Retirement
• Dow Jones Historical Trends
• Don’t Forget to Consider Inflation
• Baby Boomer’s Retirement Challenge

MODULE 3 - INCOME ALLOCATION

  • Will You Outlive Your Money?

  • Alternative Strategy – Allocate for Income

  • Can Market Volatility Impact My Retirement?

  • Real Estate Investment Trusts

  • Income Allocation Hypothetical Example

  • Baby Boomers Retirement Challenges

MODULE 4 - INCOME ALLOCATION

  • Creating A Leverage Effect

  • A Hypothetical Example

  • Benefits of Diversification in Your Portfolio

  • Asset Allocation VS Income Allocation

  • Income Allocation Strategy

  • Congratulations! End of the Class

WORKSHOP RESOURCES

Below you will find a bio about your instructor, Rick Durkee, as well as downloadable workshop resources to help on your journey throughout the course. The downloads will correspond with the information presented during the modules. Please feel free to download and use these materials whenever you need them.

YOUR INSTRUCTOR

RICK DURKEE
President, Founder and
Chief Investment Advisor

As the Founder and President of The Coastal Financial Planning Group, Rick Durkee is a recognized leader of the financial services industry in Charleston, SC. Since founding The Coastal Financial Planning Group in 2003, he has served his clients and the community by offering advanced retirement planning solutions for individuals and business owners.

Rick has developed his passion as a retirement advisor with recognized investment and insurance firms such as Prudential, New York Life, and MetLife where he earned his designation as a Life Underwriting Training Council Fellow LUTCF®. He holds the rare designation of Retirement Income Certified Professional from the American College of Financial Services and was recently appointed a board member of his regional Better Business Bureau.

Rick's professional purpose is to help others realize their dream of living a very comfortable coastal lifestyle, especially in retirement.

He is an ambassador for S.C. Christian Chamber of Commerce, he earned his bachelor’s degree in business management/marketing from the University of South Carolina in 1981. Professionally, he holds a Series 65 securities license, as well as the Life, Health, and Disability insurance license for South Carolina along with several other states in which he serves his clients.

WORKSHOP MATERIALS & RESOURCES

Please find your class resources at the links below. You can download these resources at any time and save them for your reference as part of the Rethink Retirement class materials. Please feel free to contact us at any time by clicking the “Ask A Question” button.