Investment & Retirement Planning
In preparing for or entering retirement, you need a plan that fits your personal goals for what YOUR retirement looks like.
You’re likely to hope for maintaining as much as possible of your existing “desirable” lifestyle….only with more “fun time” on your hands! As you assess your personal and financial goals, it’s important you have a guide…a Financial Advocate, if you will!
As you shift your focus from wealth accumulation (while you’re working) to spending (retirement), major considerations include:
- Prudent spending: neither living like there’s no tomorrow, nor overly scrimping and denying yourself
- Outliving your money: planning for a long-enough retirement
- Market risk: understanding how to adjust if the market underperforms
- Inflation: planning for the reality that, what costs $100 today is expected to cost $180 in 20 years
- Health care expenses
- Income tax increases
Traditional IRAs, which were created in 1974, are owned by roughly 31.1 million U.S. households. And Roth IRAs, created as part of the Taxpayer Relief Act in 1997, are owned by nearly 19.2 million households.
Both are IRAs. And yet each is quite different. Read more
