The Client Managing Your Retirement Income Marketing Workshop Page 7

Essential expenses

Income from lifetime sources

(assets not under your control, but income is
guaranteed for life)

Social Security
Pensions
Income annuities
Other lifetime income sources

Discretionary spending

Income from managed sources

(assets under your control but income is not
guaranteed for life)

Taxable assets
Personal retirement accounts
Employment income
Other managed sources

Income gap (B)

Income gap (A)

The duration of your assets

depends on your spending