Since the Boomers’ main concern was how they would maintain a steady income stream in retirement, we started their plan with our 4 Buckets Factfinder.
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After determining the Boomers’ current investment allocation, we walked them through our 4 Buckets framework to help them visualize their income strategy for retirement. Rather than thinking about retirement savings as one large nest egg, we encourage our clients to think of their income in predefined buckets. In doing so, it helps reduce psychological biases and inefficiencies, promoting smarter investment decisions and a stronger retirement foundation.
We helped the Boomers define their income buckets, placing $80,000 in the Emergency Reserves bucket, drawing $3,628 in the Social Security/Pension income bucket, 3.5% annual withdrawals from their Stable Income bucket, and 3% annual withdrawals from their Lifestyle Enhancement & Legacy bucket.
If you are a pre-retiree or retiree with worries about sustaining your income throughout your golden years, the 4 Buckets Income Strategy could be right for you. At Lohr & Company, our goal is to help our clients retire with confidence instead of fear. To learn more about how we can help, schedule a complimentary introductory meeting online or reach out to us at 434-260-6742.
Greg Lohr founded Lohr & Company, a multi-generational financial advisory firm, in 1993 to help more people plan for a rewarding, well-deserved retirement. Before he entered the financial services industry, he worked as an electrical engineer. But after spending a few years as an engineer, he decided to follow his heart and return to school for an MBA in finance from the College of William & Mary. Although he originally entered the finance industry because he was excited about the personal opportunities, it was the satisfaction of seeing people at peace with their money that has kept him here for his entire career. He is passionate about building lifelong relationships with his clients and walking with them as they navigate financial decisions and milestones.
When he isn’t working, Greg enjoys spending time with his beautiful wife and their adult children. In addition to managing their family farms, Greg and his wife also manage a growing Airbnb venue. In the cold weather months, you can find Greg hunting whitetail deer in the breathtaking Virginia landscapes. To learn more about Greg, connect with him on LinkedIn.
Ethan Lohr always knew his dream was to follow in his father’s footsteps and carry out his same mission: to help more people find financial peace and security in retirement. Ethan started practicing for his future career quite early, at the age of 6, advising his sisters on their savings with the help of his trusty calculator. But it wasn’t until he graduated from James Madison University that he truly began developing his talent as a financial advisor at Lohr & Company. Ethan is a CERTIFIED FINANCIAL PLANNER™ professional.
Ethan is most fulfilled when he’s helping clients develop a sound plan and then executing that plan. He knows that pre-retirees often have many unanswered questions and may be feeling trepidation about retirement—and rightfully so. Retirement is one of life’s greatest transitions and Ethan knows how important it is to get everything right the first time. He works to ease his clients’ fears, provide them with confidence, and help them take the necessary actions to move forward.
When he isn’t serving clients, Ethan enjoys spending time with his wife and two sons. You can also find him practicing his swing on the golf course, exercising, and hunting with his dad. To learn more about Ethan, connect with him on LinkedIn.