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Will My Savings Last As Long As I Do?A Written Plan For Your Retirement Income.

Maartin maps the income you need each month, where each dollar comes from and the order you draw on it, all written down so you, your spouse and your CPA can see how it holds up.

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The Short Answer

A retirement income plan sets the monthly amount you need, then matches it to sources: Social Security, any pension, annuity income and withdrawals from savings. It sets the order you draw on each, the ages that change your options, such as 59½, 67 and 73, and how the income adjusts if one spouse dies first.

Source: IRS.gov and Social Security’s rules (eCFR.gov)

Three Numbers Worth Knowing

59½
The age when the IRS’s 10% additional tax on early withdrawals from IRAs and retirement plans generally stops applying.
2.8%
The 2026 cost-of-living increase in Social Security benefits. Pensions and annuity payments follow their own contract terms.
73
The age when the IRS generally requires withdrawals to begin from traditional IRAs and workplace retirement plans.

Source: IRS.gov and the Federal Register

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Working With Maartin

How Maartin Builds Your Income Plan.

  1. 01

    Start With The Monthly Number

    You set what a comfortable month costs, including travel, health care and the gifts you want to give. Everything else is built to cover that number.

  2. 02

    List Every Source

    Social Security, any pension, rental income, annuities and savings go on one page, with the age each one can start.

  3. 03

    Set The Order

    Which account pays first, which waits, and which stays in reserve for later years. Your CPA weighs in on the tax side.

  4. 04

    Cover The Essentials With Lifetime Income

    Maartin looks at matching housing, food and health care to income that pays for life, such as Social Security, a pension or an annuity, with savings covering the rest.

  5. 05

    Revisit It As Life Changes

    A plan written at 63 needs a fresh look at 67 and again at 73, when new rules start to apply.

Maartin works alongside your CPA and attorney.

Two Kinds Of Income

Income That Pays For Life Or Withdrawals From Savings?

Retirement income comes from two kinds of source, and each answers the big questions differently.

QuestionLifetime IncomeSocial Security, Pensions, Life AnnuitiesWithdrawals From Savings401(k), IRA And Bank Savings
How Long It LastsAs long as you live. A joint payout keeps paying a surviving spouse.As long as the balance does.
Who Carries The Risk Of A Long LifeThe payer: Social Security, the pension plan or the insurance company.You do. A longer life means the same savings must stretch further.
Access To A Lump SumUsually limited once payments start. An immediate annuity generally allows no extra withdrawals.Available, subject to taxes, plan rules and any surrender charges.
Rising PricesSocial Security rose 2.8% for 2026. A pension or annuity follows its own contract terms.Withdrawals can rise, but every increase draws the balance down faster.
What Your Heirs ReceiveDepends on the payout chosen. A life-only annuity stops at death.Whatever balance remains passes to your beneficiaries.
TaxesPension and annuity income is taxed as regular income. California excludes Social Security from state tax.Traditional accounts are taxed as you withdraw. Qualified Roth withdrawals are tax-free.

Maartin shows how much of each your plan needs, including when an annuity can add lifetime income.

What A Plan Has To Cover

Four Pressures On Retirement Income.

Each one can stretch a budget that looked comfortable on the first day of retirement.

A Long Life

Plan for income into your 90s. Social Security, a pension and a lifetime annuity keep paying however long that turns out to be.

Rising Prices

Social Security adjusts each year. A fixed pension or annuity payment buys a little less as prices climb, so the plan accounts for it.

Health Care Costs

The standard Medicare Part B premium is $202.90 a month in 2026, and higher incomes pay more. It comes out of your budget every month.

Required Withdrawals

At 73 the IRS generally requires withdrawals from traditional IRAs and workplace plans, whether you need the money or not.

Is It Time?

Signs You’re Ready For A Written Income Plan.

If two or more of these sound like you, a written plan puts the answers on one page instead of one account at a time.

  • You’re Within Five Years Of RetiringChoices about Social Security, your 401(k) and any pension start to lock in during these years.
  • Your Paycheck Stops Before Social Security StartsSomething has to carry the gap years. The plan decides which account does.
  • Your Savings Sit In Several PlacesOld 401(k)s, IRAs and bank accounts each have their own rules. One page shows how they fit together.
  • One Spouse Earned MoreThe higher earner’s claiming age can shape the survivor’s check for life. See Social Security timing.
  • You Want The Essentials Covered For LifeHousing, food and health care can be matched to income that keeps paying however long you live.
  • You Plan To Leave Money To FamilySpending and legacy goals are planned together, so each one has its own money set aside.

Questions

Common Questions

Maartin Rossouw

Written by Maartin Rossouw, President, MJR Financial & Insurance Services. CA Insurance License #790783. Facts from IRS.gov, the Social Security Administration’s rules on eCFR.gov, the Federal Register, Medicare.gov, the Franchise Tax Board and the California Department of Insurance. Updated · 5 Min Read.

Keep Reading

How much income will I need in retirement?

Your own budget sets it. Maartin starts from what your life costs today, then adjusts for what changes when work stops, such as commuting, payroll taxes and health insurance premiums.

What happens to our income if one of us dies first?

Social Security’s survivor benefit is based on the deceased spouse’s benefit: larger if they delayed claiming, smaller if they claimed early. Pension and annuity choices, such as a joint and survivor payout, decide what else continues. Maartin plans for the years one of you may spend alone.

Should I use an annuity for retirement income?

An annuity is one way to create income that lasts for life. It is a contract with an insurance company, its guarantees depend on that company’s claims-paying ability, and deferred annuities usually charge a surrender fee if you take money out early. Read how annuities create income before you decide.

Does Maartin give investment advice?

Maartin is a licensed California insurance agent, so his planning uses Social Security’s rules, pensions, insurance and annuities. Investment and securities advice comes from a registered professional, and Maartin works alongside your CPA and attorney.

How do I get started?

Book a private review in Riverside, by Zoom or by phone. Bring your Social Security statements, your account statements and a rough monthly budget, and Maartin lays out where each month’s income would come from.

Sources
  1. 59½ and the 10% additional tax on early withdrawals
  2. Social Security benefits rose 2.8% for 2026
  3. Required withdrawals generally begin at 73
  4. Survivor benefit is based on the deceased worker’s full benefit
  5. Survivor benefit includes the deceased worker’s delayed retirement credits
  6. Immediate annuities generally allow no extra withdrawals
  7. California excludes Social Security from state taxable income
  8. Qualified Roth distributions are tax-free
  9. Standard Part B premium $202.90 a month in 2026, higher with income
  10. Social Security can start at 62

Retiring Soon?

Income You Can
Count On.

Bring your statements and a rough budget, and see where each month’s income comes from.

Book An Income Review

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