• Steve 


    San Francisco, CA

    Get a FREE phone consultation
    with an advisor. Learn more...
  • Hi,

    This is a tough question, since maximizing income typically involves taking more risk which puts by definition puts your assets at more risk. Conversely protecting your assets by using low risk investment strategies usually results in low returns.

    For most people the single best thing they can do to maximize income in retirement is to work longer - this has several positive effects:
    1) You save more
    2) You can claim Social Security later which is a government guaranteed annuity with an inflation adjustment
    3) Your investments have more time to grow
    4) You will have few non-working years
    5) Your job may provide healthcare until Medicare kicks in at 65

    There is more detail here:

    The results of the NewRetirement Calculator should also be helpful.

    Please let me know if this is helpful.

  • Login to rate this answer:   Answered on 6/18/2012
**All above answers are provided as general information only. No warranty is made regarding the fitness or accuracy of the information provided in this answer. You should seek advice from a licensed CPA, attorney or CERTIFIED FINANCIAL PLANNER™ as to your unique financial situation.