Michael Fox — Licensed Insurance Advisor
Michael Fox Insurance
Phone: 856-676-9358
Email: michaelfox13@gmail.com
michaelfoxinsurance.online
Retirement Income Planning
Printed June 18, 2026
You saved the money. Now let's make sure it lasts as long as you do.
Saving for retirement is one job. Living off that money for 25 or 30 years — without panicking in a bad market, without being wiped out by a health event, without becoming a burden on your kids — is a completely different one. That second job is what we do here.
No pressure, no jargon, no "what's your account balance" before we even say hello.
Almost every family I sit down with worries about the same four things.
A real income plan names them out loud and puts a tool against each one.
We build you your own personal pension.
Ask any retiree what they wish they had and almost all of them will say the same thing: a pension. A check that shows up every single month, for the rest of their life, no matter what the market did. Pensions have mostly disappeared from the workplace — but you can still build one for yourself, and it's the single most powerful move in retirement income planning.
- Pays you a guaranteed paycheck for life — yours, your spouse's, or both — that cannot run out, no matter how long you live.
- Doesn't care what the market did this morning.The check is the same on the worst day of the year as it is on the best.
- Covers the must-pay bills — mortgage, food, insurance, healthcare — so you never have to sell something at a loss to keep the lights on.
- Frees the rest of your money to grow, travel, spoil grandkids, or hand down to the people you love — instead of being held hostage to "what if I run out?"
A real example
A 65-year-old who turns $250,000 of their savings into a personal pension can typically generate roughly
$1,600 – $1,900
per month · for life
That's a paycheck that arrives every month from now until the end of your life — and your spouse's, if we structure it that way — without ever having to ask, "Can the market handle another withdrawal?"
See how a personal pension worksThe whole plan, in three simple buckets.
Your personal pension sits in the middle and does the heavy lifting — the lifetime paycheck. A safety bucket sits in front of it for short-term surprises, and a growth bucket sits behind it for the long pull. Every dollar has a job, and no dollar is in the wrong place at the wrong time.
No single product solves retirement. The right mix does.
Here's what we actually use, why we use it, and when each tool is the right one for your situation.
Pensions are vanishing. Annuities are how you build one yourself. A 65-year-old can typically turn $250,000 into roughly $1,600–$1,900 per month for life. That paycheck shows up the same on a great market year as on a terrible one.
How annuities workWhen one spouse dies, one Social Security check disappears, and often a pension drops too. The right life insurance keeps the surviving spouse from cutting their lifestyle the year they're already grieving.
See life insuranceMedicare doesn't pay for long-term care. Without a plan, one care event quietly eats the savings you built for both of you. Modern hybrid policies use your money — and pay it back to your family if you never need care.
Long-term care optionsWhich accounts you pull from first — and in what order — can add years of income to your retirement. We coordinate IRAs, Roths, taxable accounts, and Social Security timing so the IRS doesn't quietly become your biggest expense.
Retirement prep checklistFive steps, in plain English.
What does your real life cost?
We start with your actual monthly number — housing, food, insurance, healthcare, gas, gifts, the trip to see the grandkids. Not a generic 70% rule. The number that pays for your life.
What do you already have working for you?
Social Security, pensions, 401(k), IRA, Roth, brokerage, real estate, business income. We map every dollar source and when it turns on.
Cover the essentials with guaranteed income
We make sure the must-pay bills are covered for life by guaranteed sources you can't outlive. The rest of your money is then free to grow.
Protect the plan from the three plan-killers
A bad market early, a long-term care event, and the death of a spouse. We put a specific tool in place for each one — not a maybe, a plan.
Review every year, adjust like a real life
Markets move. Health changes. Grandkids show up. We sit down once a year and make sure the plan still matches the life.
I watched my own mother's retirement get re-shaped by a long-term care event nobody planned for. The math, the unpaid hours, the quiet erosion of her savings — it's the reason I take income planning so personally. I don't want any other family to find out the cost the way mine did.
— Michael Fox
The questions families actually ask me.
One conversation. No pressure. A clearer path home.
In about 15 minutes I can tell you whether your current setup will hold up — and exactly what's missing if it won't. If there's nothing for me to do, I'll tell you that too.
- Phone or Google Meet — your choice
- No account balances asked up front
- Plain-English answers, not a sales pitch
Two accounts. Same dollars in. Which would you pick?
11 quick rounds. Pick a winner each round. We'll keep score and reveal what each account actually is — with real-life scenarios.
Keep exploring
Related resources worth your time
Account Showdown
Which account types produce the most efficient retirement paycheck.
Read moreFee Reveal
Why a 1% fee can mean 7+ years of lost retirement income.
Read moreSequence of Returns risk
Why the first 5 years of retirement matter more than the last 25.
Read moreThe RMD Trap
How required distributions can wreck your tax bill and Medicare premiums.
Read more