Investments In Retirement
Investing and saving while you are still working is one thing. But with retirement investments, you may want to use a different strategy. For example, many retirees and pre-retirees want to protect the majority of their money as they age. As you may know, all investments carry risk. However, you may be able to find a balance between less risky investments verses more risky ones. That is where “Active Money Management” comes into play. And that is also why it is important to seek out an advisor who may be able to help.
call us for a no-obligation consultation today.
Why We Do What We Do
Essentially, Don believes that every client deserves to have someone in their corner, serving them with honesty and integrity.
Don’s focus is on helping pre-retirees and retirees reach their retirement goals.
Why a fiduciary can help with investments in retirement
Don Retallick holds a Series 65 license. In order to maintain this license, an advisor must always act in the best interest of the client.
No matter what benefits may or may not be in it for Don, his ethical and legal requirement is that he must do what benefits the client. Specifically, Don is a fiduciary and has a high responsibility and a duty to each client. Investments in retirement call for a high degree of knowledge and understanding. Indeed, this is why having a fiduciary help you in your planning can be extremely helpful.
To clarify, not all people in the financial world have this same designation. In fact, some advisors are only held to a “suitability” standard. This means they don’t necessarily have to put the client’s best interest first. Instead, some advisors may only need to make sure the product is “suitable” for their client’s situation and need.
Management Services for Investments in Retirement
Retirement and all its options can feel overwhelming. However, it doesn't have to be this way.
One way to help gain more knowledge is to meet with us. In our meeting, we can go over where you currently stand financially and talk about possible recommendations. In addition, we can review considerations you may want to look at, specific to your own financial situation.
Some of these topics may include:
- Planning & rollover options with 401(k)’s or 403(b)’s
- Options for IRA’s
- Possible tax concerns (NOTE: please consult a tax advisor)
- RMD’s (Required Minimum Distributions)
- Analysis of cash flow
- Income planning for retirement
- Leaving a legacy – what are your options
- Investments in retirement
- Risk assessment
- How to look at the whole picture in retirement
- Questions and concerns about finances
- Strategies for the long term
- Aligning your plan to your needs
The 100 "Rule"
The rule of 100 isn’t actually a rule. Instead, it is a guideline. Basically, the rule of 100 gives retirees and pre-retirees a general idea of how much of their money they may want to consider risking in the market.
It works like this: What is the difference between your age and the number 100? That number provides a suggestion about how much of your money you may wish to invest in the market.
For example, if you are 71 years old, here’s the rule of 100 calculation.
100 – 71 = 29
According to the Rule of 100, the above calculation tells us that 29% should be your guide. In other words, the idea is that you should not invest any more than 29% of your total assets into any risky investments. Keep in mind, of course, that all investments have risk. Don Retallick’s focus is on creating a plan that suits your specific needs, which may include helping you with investments in retirement. Again, he has a fiduciary duty to put a client’s needs first. Therefore, potential clients can meet with us to learn their options without the risk of just being “sold” on a product that isn’t right for them.
