Sep 29, 2023
Assets, a financial advisory and retirement planning firm, has released a guide to help individuals understand income gaps and prepare for possible financial shortfalls during retirement. The guide is aimed at senior citizens and working professionals who want to avoid disparities between projected and desired income levels. It offers information about different types of income gaps and provides planning solutions to mitigate their negative effects. With nearly 40% of Americans nearing retirement having little or no retirement savings, the guide seeks to bridge the gap between what is needed for a comfortable retirement and individuals' actual wealth. It explains various income gaps, including longevity, total, and planning gaps, and provides tips on how to address each one. The guide also covers ways to bridge income gaps through effective retirement planning, such as adding annuities to retirement accounts, investing in high-dividend ETFs, and managing IRA withdrawals. It also includes information on Social Security benefits and the efficacy of moderate equity withdrawals, like reverse mortgages. The Assets team is available to answer questions and provide further advice on setting up a retirement plan.
Assets, a financial advisory and retirement planning specialist firm, has announced the release of a guide to understanding income gaps and preparing for possible financial shortfalls in the retirement years.

New York, United States - September 29, 2023 /PressCable/ —
The newly released guide is aimed at senior citizens or working professionals who are looking toward the retirement phase of life and wish to identify ways to avoid disparities between projected and desired income levels.
More information can be found at https://assets.net/what-is-income-gap-in-retirement-and-how-can-you-prepare
At a time when many Americans are concerned about how to provide for their golden years, the guide has been updated for 2023 and offers a description of the different types of income gaps that can occur, along with planning solutions to reduce negative effects.
Statistics from Yahoo show that nearly 40% of people nearing retirement in the United States have little or no retirement savings, and this figure appears to be rising, showing that the gap between what is needed for a comfortable retirement and people’s actual wealth is significant. With the guide and retirement planning advice from the team at Assets, individuals can learn more about what types of income gaps tend to emerge and how best to avoid them.
“We explore how the retirement income gap works and provide tips on better preparing yourself financially before retiring,” says a company representative. “We provide you with all you need to know about bridging the financial gaps created by fluctuating market conditions while protecting your hard-earned savings - no matter where life may take you.”
Readers will find definitions and explanations for different types of income gaps, including longevity, total, and planning gaps, along with the causes for each and workaround tips.
The guide also covers the ways that income gaps can be bridged through more effective retirement planning, with a discussion and explanation of various solutions, including adding an annuity to savings retirement accounts, investing in ETFs with high-dividend and value-oriented characteristics, and managing IRA withdrawals.
Information about Social Security benefits and the efficacy of moderate equity withdrawals from a primary residence, such as a reverse mortgage, is also included in the report.
To answer any questions or concerns that readers may have, the Assets team is available to help clarify issues surrounding income gaps and to offer further advice regarding the best way to set up a retirement plan.
Further details can be found at https://assets.net
Contact Info:
Name: Scott Hall
Email: Send Email
Organization: Assets
Address: 60 W 23rd St Suite 638, New York, NY 10010, United States
Website: https://assets.net/
Source: PressCable
Release ID: 89108692
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