To Retire with Confidence,  Have a Plan.

If you want to retire with confidence, have a plan.

“As you near retirement age or even within 10 years or so, it is time to start doing some serious financial planning,” said Larry Stein, CFA, author of Peace of Mind Investing. “Retiring with confidence is to develop a plan that makes sense, executing it, and reviewing it at least every five years to make sure you’re on track.”

Begin addressing risks – those we know and don’t know. This includes increased longevity, inflation, family responsibilities (such as caring for parents), healthcare, and interest rates. All could have a major effect on finances and lifestyles.

Peace of Mind Investing is built on a single premise that’s been time-tested through the Great Depression, two World Wars, and other major events – yet is incredibly simple. The grand premise: stock prices rise over time. Stein’s book boils down to the following key points:

• First, set return goals that make sense for your personal situation. The only benchmark that would make sense is to achieve your personal goals over a time horizon that fits your specific situation. Your performance goals should be the rate of return you need to live comfortably through retirement. The true measure of investment performance is your return through a full market cycle, up and down. Beating the S&P 500 or any other such nonsense is pure noise and distraction.
• Second, manage risk through asset allocation and rebalancing.
• Third, trim risk during euphoria and overvaluation; buy during times of fear and undervaluation.

Withdrawals from a portfolio that sustains significant declines can accelerate the loss in value. Risk management is imperative.

No strategy can assure success or protect against loss. Investing in the market is subject to possible loss of principal. Please seek the advise of your Financial Advisor regarding your personal situation.

              Our Planning Tool

Although investment advice is a big part of the services we offer, our financial planning software – the KWB Live Well Plan – provides our clients with a holistic visual demonstration of their financial future. Through it, we can identify obstacles down the road and can help plan for them. Our Decision Center allows us to demonstrate how various scenarios affect your future wealth. 

Contact us today to create your Live Well Plan and become better prepared for retirement!