The Income Solutions Blueprint

Mt. Everest is the highest point on Planet Earth, soaring 29,032 feet above sea level. 1 This once-in-a-lifetime experience is certainly at the top of many adventurers’ bucket lists. And, though we have a natural inclination to venture into unknown and exciting territory, the dangers of mother nature come into play. In the case of Everest, this has resulted in serious injuries and death for many of those intrepid explorers that attempted to scale its peak.

As of July 2022, approximately 6.098 people have successfully climbed Mt. Everest and reached the summit. 2 At least 310 people have died on Mt. Everest, with numbers slowly rising each year.

Surprisingly, more deaths occur while descending, rather than ascending Everest. According to a study conducted in 2006, more than half the deaths that occurred on Everest happened on the way back down.

According to National Geographic, “It is recommended to hike Mt. Everest with an EXPERIENCED GUIDE if possible. Also make sure that someone who is not with you knows the date and other useful details of your trip to ensure there is someone tracking your whereabouts.”

The moral of the story? You have worked and saved your entire career to build your nest egg. With the markets at all-time highs, your retirement savings may be as high as they have ever been. How do you safely get back down the proverbial mountaintop, as you pass from the accumulation phase to the distribution and decumulation phase? How do you make sure your savings generate enough income to get you where you need to go?

A successful retirement journey requires a different skill set than working and saving. It may also require a different skill set from an advisor. It requires different systems and processes in an effort to ensure that you do not outlive what you have accumulated on the way up. At Income Solutions Wealth Management, we passionately believe that the outcome should be income. We specialize in taking you down the mountain!