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Kiplinger

Kiplinger: Only You Can Prevent Portfolio Fires

By | Kiplinger

Know your comfort level when it comes to risk. If you’re feeling uneasy, there’s probably a good reason for it.

Everybody wants to make money, and nobody wants to lose it. Seems simple enough.

Unfortunately, there aren’t many financial vehicles that can offer that guarantee. Typically, to make enough money to live on in retirement, you must take some risks.

But if your financial professional is truly looking out for you, he’ll put as much focus on managing that risk as he does on helping you get the best returns.

Most planners will talk about risk tolerance and ask you questions about your age, your income, your net worth and when you hope to retire to determine your ability to handle market volatility. But there should be so much more to it than that. My firm has an acronym for our process – CAN: Capacity, Attitude, Need. You really can’t put together a workable financial plan without considering all three.  Click here for the full story.

Kiplinger: Are You Ready For Retirement?

By | Kiplinger, Planning | No Comments

By Ken Heise

Retirement is a huge transition, much like getting married or having kids.

And just like those other life events, it takes preparation.

Financial professionals tend to focus all their attention on the money side of things. (It’s what we’re paid for, after all.) But the people who are typically the most successful in retirement think beyond the bottom line to the other changes and challenges they might struggle with in their new lives.

So, before you trade in your ID badge for a fishing rod or tennis racket, ask yourself these questions to help prepare for retirement:

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Kiplinger: 4 Big Retirement Regrets That You Should Avoid

By | Kiplinger, Planning | No Comments

Retirement is a scary and exciting crossroads all at the same time. It is often said that we spend more time planning a vacation than we do retirement. This Kiplinger article makes some very keen observations. The most important is to make sure you have a plan. Give us a call and let us help you create your Retirement Roadmap. 314-909-1116.

“The closer you get to retirement, it seems, the more pressure there is to plan ahead. But how do you know if you’re coming up with the right answers when you’re facing life-changing questions—and there’s so little room for error? When should you stop working? How much money should you have saved? How can you make sure that money lasts?

Sometimes failure is the best teacher. When I talk to retirees, they frequently bring up their regrets—things they say they’d do differently if they could. Here are a few of the more common mistakes retirees make that we all can learn from:”

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