Vicki Brackens on Inspiration for the Nation - The Reality of Retirement - Episode 205 Full video: www.brackensfsn.com info@brackensfsn.com Securities offered through LPL Financial, member FINRA/SIPC. Investment advice offered through Stratos Wealth Partners, a registered investment advisor. Stratos Wealth Partners and Brackens Financial Solutions Network, LLC are separate entities from LPL Financial. This information is not intended to be a substitute for individualized legal or tax advice. Brackens Financial Solutions Network, LLC and LPL Financial do not provide legal and/or tax advice or services. Please consult your legal and/or tax advisor regarding your specific situation. Clients should consult with their personal tax advisors regarding the tax consequences of investing. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual security. To determine which investment(s) may be appropriate for you, consult your financial advisor prior to investing. All company names noted herein are for educational purposes only and not an indication of trading intent or a solicitation of their products or services. Investing in stocks includes numerous specific risks including: the fluctuation of dividend, loss of principal and potential illiquidity of the investment in a falling market. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. This material is intended to assist in educating you about insurance generally and not to provide personal service. They may not take into account your personal characteristics such as budget, assets, risk tolerance, family situation or activities which may affect the type of insurance that would be right for you. For information about specific insurance needs or situations, contact your insurance agent. Bonds are subject to market and interest rate risk if sold prior to maturity. Bond values will decline as interest rates rise and bonds are subject to availability and change in price. Asset allocation does not ensure a profit or protect against a loss. Contributions to a traditional IRA may be tax deductible in the contribution year, with current income tax due at withdrawal. Withdrawals prior to age 59 ½ may result in a 10% IRS penalty tax in addition to current income tax. Fund of hedge funds involve special considerations and risk not associated with an investment in traditional mutual funds. Each fund's investment program is speculative and includes risks inherent with an investment in securities, as well as specific risks associated with the use of leverage, short sales, options, futures, derivative instruments, investments in "junk bonds", non-US securities, illiquid investments and limited regulatory oversight. Each fund is a non-diversified fund and invest in hedge funds that may invest a substantial portion of the assets managed in an industry sector. Higher fees, potential investor income qualifications and strategy limitations must be considered in any suitable determination. The Network Journal award for 25 Influential Black Women in Business- 2018 honoring women whose professional achievements have significantly impacted an industry or profession, and who also made an important contribution to her community. Typically, a business owner, or a partner, president, CEO, board chair, or other senior management executive with significant decision-making authority in the corporate, nonprofit, or government sector. Centerstate CEO's Business of the Year award 2018 (in partnership with the Upstate Minority Economic Alliance) in the minority-owned business category -These member businesses stand out among an incredibly competitive field of nominees for their outstanding success and role that they play in strengthening the community....(read more)
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Retirement is an inevitable phase of life, but it can be challenging to accept and prepare for. The idea of not having a fixed income, reduced social circle, and idle days can be daunting. However, with proper planning and preparation, retirement can be an exciting and fulfilling phase of life. Here are some tips to help you deal with the reality of retirement. 1. Set Realistic Goals Retirement brings the joy of opportunities that you always wanted to take advantage of. However, the key is to set realistic goals. This will help you come up with a plan that is best suited to your needs. Weigh your income against your expenses so that everything can be achieved within your budget. 2. Review Your Finances Retirement can take a significant toll on your finances. It's important to review your retirement income, including your social security, pension, and savings. This will give you a clear idea of where you stand financially and what adjustments you need to make. 3. Invest With a Purpose Investing with a purpose helps in safeguarding your future and supporting your retirement lifestyle. If you invest in the stock market, consider whether you want to prioritize dividend-paying stocks over growth-oriented stocks. Furthermore, consult an advisor who will guide you in making decisions. 4. Plan Activities Staying busy and engaged is essential for good mental health. Plan activities that interest you, and that you are passionate about. A retirement group or a hobby club can offer opportunities to meet new people and pursue interests. 5. Stay Physically Active To stay healthy, remain physically active. You don't have to take up extreme hobbies like hiking, ski-diving, or rock-climbing. Incorporating simple routines like walking, swimming, or yoga into your daily routine can help obtain numerous health benefits. 6. Learning and Education Taking classes, be it online or in a traditional classroom setting, may pique your curiosity and creativity as well as keep your brain engaged. In conclusion, retirement is simply another chapter of life. It is essential to prepare for it physically, mentally, and emotionally. Consider the above-listed points to help you deal with the reality of retirement. Consulting an advisor may also help to plan the transition to post-retirement and provide you with the necessary guidance, and ensure that your finances are on the right track. https://inflationprotection.org/receive-tips-from-a-friendly-neighborhood-advisor-on-coping-with-the-reality-of-retirement/?feed_id=96139&_unique_id=645b53e78c8bf #Inflation #Retirement #GoldIRA #Wealth #Investing #Finance #FinancialPlanning #GeorgeKilpatrick #InspirationfortheNation #investing #money #VickiBrackens #wealth #wealthmanagement #TraditionalIRA #Finance #FinancialPlanning #GeorgeKilpatrick #InspirationfortheNation #investing #money #VickiBrackens #wealth #wealthmanagement
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