What do I mean by asking about focusing on the big picture?    

Your retirement or financial plan is much more than your savings and investment plan!

In the past, most people had a pension plan that they could count on being part of their income plan when they retired. The pension plan along with Social Security were two sources of income that retires could be assured would help support them in retirement, but the days of a guaranteed pension are almost gone except for government or education workers.   The next guaranteed pot of money was Social Security, but this program is drastically under-funded.  Will it be there for most Americans in 30 years? 

If you would like to retire someday, what guarantees will you need to retire?  Where and how you plan for the future may depend on the answer to this question.   How much are you willing to lose of your savings--10, 20, 30 percent or half?   

A conservative investor will answer 10-20 or 30 percent. A moderate investor may answer 30 or 40.   Does losing your investments for your future make you nervous or are you willing to take risks?

If you would like to see a return on your investment, you can use less risky tools to  reach your retirement goals. I was raised to never lose a penny.   My mother used to say to me the old saying, “A penny saved is a penny earned.”   So when I began investing, I saved in tax-deferred Annuities and Life Insurance to create my nest egg.

Whether you are a conservative investor or can tolerate more risk, let’s get started looking at your big picture for your retirement.  You will need to consider the effects of inflation, taxes on your investments.  In my plan, I paid no taxes on either of my investment choices when they were growing.  I had to plan to take the taxes out of my annuity in retirement just as you do your paycheck.

Lastly, your big picture must include your health, risk protection –insurance, and important documents to protect you from any losses due to accidents, health issues, or premature death.


If you are not currently focusing on the big picture in retirement, you may consider shifting from just saving or investing to taking care of your own personal “big picture.

 

Dee

 

dee@themilestonecenter.com

www.themilestonecenter.com

 

 

Securities offered through Wall Street Strategies, Inc. 362 N. Main Street Huron, OH 44839 (419) 433-5291 Member FINRA & SIPC

What do I mean by asking about focusing on the big picture?     Your retirement or financial plan is much more than your savings and investment plan! In the past, most people had a pension plan that they could count on being part of their income plan when they retired. The pension plan along with Social Security were two sources of income that retires could be assured would help support them in retirement, but the days of a guaranteed pension are almost gone except for government or education workers.   The next guaranteed pot of money was Social Security, but this program is drastically under-funded.  Will it be there for most Americans in 30 years?  If you would like to retire someday, what guarantees will you need to retire?  Where and how you plan for the future may depend on the answer to this question.   How much are you willing to lose of your savings--10, 20, 30 percent or half?    A conservative investor will answer 10-20 or 30 percent. A moderate investor may answer 30 or 40.   Does losing your investments for your future make you nervous or are you willing to take risks? If you would like to see a return on your investment, you can use less risky tools to  reach your retirement goals. I was raised to never lose a penny.   My mother used to say to me the old saying, “A penny saved is a penny earned.”   So when I began investing, I saved in tax-deferred Annuities and Life Insurance to create my nest egg. Whether you are a conservative investor or can tolerate more risk, let’s get started looking at your big picture for your retirement.  You will need to consider the effects of inflation, taxes on your investments.  In my plan, I paid no taxes on either of my investment choices when they were growing.  I had to plan to take the taxes out of my annuity in retirement just as you do your paycheck. Lastly, your big picture must include your health, risk protection –insurance, and important documents to protect you from any losses due to accidents, health issues, or premature death. If you are not currently focusing on the big picture in retirement, you may consider shifting from just saving or investing to taking care of your own personal “big picture.   Dee   dee@themilestonecenter.com www.themilestonecenter.com     Securities offered through Wall Street Strategies, Inc. 362 N. Main Street Huron, OH 44839 (419) 433-5291 Member FINRA & SIPC