Retirement
Planning
Planning for one’s retirement is analogous to taking a long drive in a car. Will there be enough fuel in the tank to make it to your destination? Have you planned ahead and serviced your car in advance so that the car performs well along the way? What happens if you get a flat tire or your car dies during your trip?
The earlier that an individual starts the retirement planning process, the better. As clients prepare for their retirement, we believe the following key areas need to be addressed to realize a successful retirement:
How much time do you have to invest your money before you need to start taking withdrawals?
What are your spending needs?
Have you adjusted your investment returns to account for inflation and taxes?
Have you compared your risk tolerance with your investment goals?
Are you certain that your current plan is working as well as it could be?
Jim Wisdom, CFP, CEPA is an Investment Advisor Representative of Harvest Investment Services
Harvest Investment Services is a fee-based Registered Investment Advisory firm that works exclusively with fiduciary advisors, who have a legal duty to put their client’s interests first at all times. They offer a tactical approach to investing with downside risk controls to “Harvest gains and limit losses.”