Strategic Income Group

Forever Change Your Financial Future

480-466-7070

East Valley | West Valley
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Phase III: The Strategic Income Phase

Congratulations! By the time you start this phase, you’ll have made it very far. Not only have you completed the Foundation Phase, but you’ve been investing for some time in the Accumulating Wealth Phase! Pat yourself on the back. You’ve stuck with it, and now you’re about to reap the rewards of all your hard work.

Getting Started with Phase III

The Strategic Income Phase could also be referred to as the Retirement Phase, since you will now be able to quit your job if that’s what you want to do. But before you quit your job, it’s a good idea to calculate if you’re able to retire comfortably and have enough income to last the rest of your life.

Strategic Income Group offers financial planning services to help you navigate the complexities of retirement. It’s a good idea to sit down with a qualified professional to help you evaluate your situation.

What is the Strategic Income Phase? It’s the phase where you can start spending your retirement assets, preserving some retirement assets through ongoing investment management, preparing your final financial plan, and teaching your children and grandchildren about money management.

There are many questions that arise in this phase. Should you draw earnings from the stock market or should you leave it alone? Should you simply rely on Social Security or bolster it with rental property income? Will you have enough to retire?

Again, it’s very important to understand the risks in retirement before you retire. People are living very long lives nowadays, and you’ll need all those living years financially covered. You’ll also need to understand how inflation works, know proper withdrawal rates from your investments, how to establish a Strategic Reserve Account, and consider long-term care insurance to protect your income just like disability insurance protected your income during the first two phases.

As you’re well aware, with age comes more medical bills, and many times the children have moved out of the house. Life changes, and so do your financial needs.

Perform Continued Needs Analysis

The Strategic Income Phase, like the Accumulating Wealth Phase, also involves needs analysis, which can be conducted by Strategic Income Group which helps clients manage their retirement. Needs analysis in this phase involves forecasting financial needs and financial positions throughout retirement so that you can live comfortably – and even thrive – throughout the rest of your years.

To help our clients navigate the Strategic Income Phase, we offer the Strategic Financial Organizer, a binder that helps us bring together all your financial documents and ensure you have a thorough review of your financial situation by one of our professionals.

Every year, it’s a good idea to make spending adjustments based on your needs and the status of your income sources. You’ll need to maximize pension and complete Social Security analysis so that you can know what to expect.

Stress Test Several Scenarios

Finally, you’ll need to stress test your financial plan for different scenarios. What would happen to your income from the stock market took a dive? What would happen if a tenant moved out of your rental and you couldn’t find a new one for a year? Could you still stand on your financial feet?

We can help you answer these questions and more if you’re having trouble. And again, congratulations on reaching this phase!

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What Phase Are You In?

I: Foundation Phase
II: Accumulating Wealth Phase
III: Strategic Income Phase

Phase 1: Foundation eBundle

Pick up Mike's Phase 1: Foundation eBundle and get started on your own successful financial journey!

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The Tale of Two Couples

One couple pays off their mortgage early, the other does not. Which couple comes out on top?

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Free Resource


Don't leave your family in the dark. Download our free Strategic Financial Organizer Forms today.


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Strategic Income Group

East Valley | West Valley
phone: 480 466 7070
fax: 480 659 2655

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Advisory services are only offered to clients or prospective clients where Strategic Income Group, LLC and its representatives are properly licensed or exempt from licensure. This website is solely for informational purposes. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. No advice may be rendered by Strategic Income Group, LLC unless a client services agreement is in place.


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