Patti’s Perspective
Hello everyone,
I am happy to report to you that I have just returned from the Raymond James Financial Services, Inc. Regional Conference in Philadelphia. The conference focused on “Retirement Income Planning,” a topic that is very important to those who are approaching their 50’s.
You might ask why one would be interested in retirement at the age of 50, when retiring may not occur for another 15 to 20 years. That is precisely the point. Those who are nearing or are in their early 50’s have time on their side to make important financial decisions that will impact their standard of living in retirement.
I help clients review their long term planning by analyzing their current financial situation and their on-going monetary strategy to come up with an idea of where we may end up.
Issues to consider in planning for retirement may include:
| • Life expectancy | : Outliving your assets |
| • Inflation risk | : Erosion of capital |
| • Withdrawal risk | : Taking out too much |
| • Negative returns in early years | : Return sequence risk |
| • Healthcare costs | : The great unknown |
| • Emotional Risk | : Managing fear and greed |
Everyone is uniquely different but also much the same. I look forward to speaking with you and delving into these issues so that you have a deep understanding of what may lie ahead.
I wish you the best in your pursuit of financial life, liberty and happiness.
Patti
Branch Manager