Page 20 - The Other Side of The Mountain October 2018

The best is yet to come!

By now I hope you are well equipped and ready to climb the
mountain and reap the rewards that come from your well-
deserved trip down the other side.

Apply these principles to four areas of your retirement to
ensure your financial well being

Lifestyle – Establishing reasonable
spending goals based will help you
maintain your desired standard of living
for the rest of your life.

Liquidity – Maintain access to ready cash
for uses beyond your basic needs and to

deal with unexpected situations.

Longevity – Ensure that you have a plan to manage withdrawals
from your retirement nest egg so that it lasts your entire lifetime.
Your financial advisor can help you establish a withdrawal fund
based on economic conditions and your choice of several possible
withdrawal strategies.

Legacy – Annuities and life insurance are the preferred options to
leave monetary assets for your family, friends, or charities. A
revocable family trust can take care of distributing both your
monetary and non-monetary assets. It also bypasses probate.
Source: Wade Pfau retirementresearcher.com

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