A Guide for Central Texan's Retirement Income Planning

Retirement isn’t just about having money saved — it’s about knowing how to use it wisely.

For many families navigating Central Texans’ retirement, the challenge isn’t a lack of income. It’s complexity. Social Security. Pensions. 401(k)s. 403(b)s. IRAs. Fixed annuities. Each income stream plays by different tax rules, different withdrawal requirements, and different timing strategies.

More than half of our clients are already retired and receiving Social Security or pension income. Those benefits provide a steady foundation. But when you begin layering in distributions from retirement accounts, the tax impact can change quickly — and sometimes unexpectedly.

With so many moving pieces, it’s difficult for Central Texans to know which account to draw from first, how much to withdraw, and how to avoid paying more in taxes than necessary.

That’s where strategy matters. Our team helps you evaluate your income sources and build a coordinated, tax-efficient retirement income plan designed to support your lifestyle — today and for the long term.

Preparing for a Meeting with Morris & Pursley Financial Plans

We've created this cheat sheet for you if you're ready to get started planning for a happy retirement. After you schedule an appointment, write down any questions so you don't forget. If our team has shared any pre-meeting paperwork with you, be sure to fill that out in advance. Use the checklist below to help determine the documents you need to bring to your meeting.  

• Most recent Social Security statements (green and white) 

• Statements from any pensions 

• Statements from any investment accounts, including IRA accounts 

• Statements from any bank accounts (other than primary checking) 

• Statements from annuities 

• Statements from any employer-based retirements accounts (401k or 403b) 

• Pay stubs 

• Most recent tax return 

• Copies of any life, disability, long-term care, or longevity insurance policies 

What to Expect in Your Meeting With Us 

Typically, financial advisors help their clients accumulate wealth, but our firm is uniquely focused on helping our clients with retirement. Missy Pursley is a Retirement Income Certified Professional (RICP). If you've spent a lifetime saving, you must be confident that your money will last. Missy has the training to help you mitigate the major risks you can face in retirement. 

You'll review your retirement goals and financial resources in your first meeting. Throughout the process, Morris & Pursley Financial Plans can help you navigate the complexities of making your assets last throughout your retirement. Our team will create a report outlining the strategy we discuss. 

Helping Central Texans Retire Happy

Retirement income planning may seem complicated, but with some preparation and help from our team, you can create an income strategy that allows you to retire happy.  

We couldn't be prouder to be a part of this community. The whole Morris & Pursley team is thankful for the loyalty of our clients. We greatly appreciate the confidence that you place in us. Without your trust and support, we would not be half the company we are today. It's an honor for us to serve so many members of our community. For that, we are so grateful. Thank you for continuing to choose us. We promise to continue to prioritize you.

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