This is a pretty broad category, isn’t it?
Yes. But there are several main tenants shared among nearly all Post WWII individuals born between 1946-1964:
- All 75 million American children born between 1946-1964 are either retiring, hoping to retire very soon, or trying to figure out how to beef up their retirement savings so they aren’t working until they are 90 yrs old! And “Income for Life” is the MAIN GOAL! Running out of money is terrifying.
- In comparison to other groups, they are more results-oriented, power- and action-focused. They are conditionally patient, relatively structured and formal in their public impressions and actions, and are more competitive.
- Most do not have Long Term Care (LTC) insurance to protect the accumulated wealth.
- Nearly all Baby Boomers have experienced the climb of the dotcom boom and the subsequent crash in their retirement account balances. They are seeking security and growth in investments, but having difficulty finding that balance. The pressure is building that time is running out of the accumulation stage and they may have to keep working much longer than desired due to smaller than needed retirement savings
- Most need to update Insurance policies, Wills, Trusts, Durable Power of Attorneys for Health Care and Living Wills due to blended/second marriages and births of grandchildren.
- The idea of ‘retirement’ may actually be more disturbing than delightful… so much of their identity is connected to the occupation and associations.
- Many have businesses that will be transitioned to predecessors or sold at retirement and they do not have succession planning or buyout packages in place.
Can you relate to any of these descriptions?
We can help provide peace of mind to many of these areas of concern. Solid planning for accumulating more wealth, securing the wealth you’ve built through the years, and assisting to ensure ‘Income for Life’ is our goal.
Dianne will help you update and refine investment strategies, review life insurance and long term care insurance and even map out asset transitions to heirs and charitable giving methods. You will be provided the names of several estate planning attorneys and CPAs who are leaders in the Texas, Florida, and South Carolina market areas. A financial planner’s role is to help map out the plan and serve as liaison for the team of professionals working on each area of your estate plan: Attorney, CPA, Trustee, and Investments.
After the Plan is implemented with all documents and investment vehicles in place to protect, grow, and provide for transfer of your estate, we recommend an annual review of the Estate Plan to ensure any life-changes are accounted for and reflected in the estate plan.
Are you ready? There is no time like the present. Let us help you have the peace of mind that everything is planned for and retirement is looking better every day…
*Securities and advisory services offered by and through advisory representatives of Lincoln Financial Securities Corporation, Member SIPC. Lincoln Financial Securities Corporation and Newman Asset Management, LLC are not affiliated.
Branch office: 3200 Southwest Frwy. Suite 1420 Houston , TX 77027 Tel: (713) 659-1212