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Maintaining Income After Retirement

How your retirement savings can continue working for you.

You’ve spent many years saving in preparation for retirement. You’ve planned strategically to get here and have secured the resources necessary to ensure lasting comfort for yourself and your family. Now that you’ve arrived, there are still decisions to be made regarding how to turn your retirement savings into retirement income. Just because you’ve begun withdrawing does not mean you must stop earning.

Here are some of the ways you can put your retirement savings to work.


This one probably seems rather obvious. However, investing in retirement comes with some pitfalls and caveats that are important to consider. Turning savings and fixed income into variable income requires a special balance that is unique to your situation. Talking with your financial advisor can help you choose between options such as retirement income funds, real estate investment trusts, annuities and more.


Sometimes protecting what you have can be as important as earning. Placing resources in a cash reserve can ensure that you have access to easily withdrawable short-term liquidity. These funds can be shielded from the effects of market declines while still gaining interest through low-risk money markets. Safeguarding immediate funds from volatility can allow your larger retirement savings to recover from changes in the market without restricting cash flow.


Yes, you read that correctly. Retirement doesn’t have to mean the absence of work entirely. Rather, it can be an opportunity to maintain an active lifestyle and pursue passions that you were unable to explore throughout your career. By investing your time in something that you love, you can secure supplemental income and experience things that you may have always yearned for, but did not necessarily have time to enjoy.

Next steps

Your days of earning are far from over. Keep these tips in mind to maximize your retirement income:

  • Work closely with your financial advisor to keep your investment strategies aligned with all of the changes in your life, even if everything is going according to plan
  • Don’t lose sight of what you need now and ensure that no matter what your strategy is for your savings, you always have access to enough funds available for withdrawal
  • Keep track of where your assets are and make sure that you strike a balance between long-term gains and short-term liquidity to both prolong the lifespan of your savings and meet your immediate needs
  • Remember that you are in good hands and that your advisor is here to make sure you are able to enjoy your retirement without the burden of financial uncertainty

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Financial Advisors offer securities through Raymond James Financial Services, Inc. Member FINRA/SIPC and securities are not insured by credit union insurance, the NCUA or any other government agency, are not deposits or obligations of the credit union, are not guaranteed by the credit union, and are subject to risks, including the possible loss of principal. First Tech Federal Credit Union and Addison Avenue Investment Services are not registered broker/dealers and are independent of Raymond James Financial Services. Investment advisory services offered through Raymond James Financial Services Advisors, Inc.


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