Greetings! I trust that this finds you well and in good spirits.
I want to pose a question. What does your retirement income plan look like? Do you have one? Accumulating a reasonable level of assets for retirement and strategy involved in that is certainly a necessary endeavor. However structuring a plan to convert / transform that pile of cash into a system that provides for cash the flow needs to support the lifestyle you want in retirement is entirely another matter. Both the accumulation phase and the utilization phase in asset management have unique processes and disciplines. In the utilization phase you will want to build a foundation for sufficient income to meet day to day expenses, through guaranteed or low risk sources, while creating the potential for growth with a portion of your assets through exposure to more volatile asset classes. Having a structured system and plan in place to accomplish this is so very important.
If you have questions or concerns about your retirement income plan or any other financial issue, don’t hesitate to call and together we will work to put your mind at ease.
I hope that this weeks’ market update is of use in creating peace of mind and in strengthening your decision making process.
Jeff Christian CFP, CRPC