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    October 15, 2023
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Advertorial featured monthly in the Valley News Dispatch Edward Jones Start moving toward retirement security It's not as well-known as Halloween, but National Retirement Security week happens every October - the third week, to be precise - and while it doesn't involve ghosts and goblins, it does deal with something even more frightening: the risk of not being able to enjoy a comfortable retirement. What steps can you take? Here are some suggestions: > edwardjones.com | Member SIPC First of all, as you plan for the financial resources you'll need, don't underestimate your possible longevity- you could spend two, or even three, decades as a retiree. Consider this: 65-year-old men can expect to live another 20 years, while 65-year-old women can anticipate almost 22 more years, according to the Society of Actuaries. And don't underestimate your health care expenses, which can amount to several thousand dollars a year, even with Medicare. Many people assume that Medicare or their Medicare Advantage plan will take care of virtually all their health care costs in retirement, but that's not the case. Generally speaking, you could plan on spending $4,500 to $6,500 per year on health care costs during retirement, excluding the large expenses connected with long-term care. But you can also take some proactive steps, such as contributing as much as you can afford to your employer-sponsored retirement plan and an IRA. Additionally, try to increase your contributions whenever your salary increases. And once you do retire, you'll want to ensure you don't withdraw so much each year from your investment portfolio that you run the risk of outliving your resources. So, you'll want to determine an annual withdrawal rate that can reduce this danger. Also, you'll want to maintain a mix of investments, so you have growth and income opportunities, to outpace inflation, and further reduce this danger. A financial advisor can help you determine both of the aforementioned. It can be challenging to make all the moves necessary to achieve retirement security - but it's worth the effort! This article was written by Edward Jones for use by your local Edward Jones Financial Advisor. Member SIPC Protect your savings with FDIC coverage up to $5 million Our Insured Bank Deposit program offers the assurance of Federal Deposit Insurance Corporation (FDIC) protection. By using our Insured Bank Deposit program, you gain the convenience of having your FDIC-insured deposit and your investments on one statement. This can mean less paperwork and help ensure everything is working together to support your overall financial strategy. Extra protection is here. Contact me today to learn more. Seth D. Thompson, CFP®, AAMS® Certified Financial Planner Office: 412-828-2437 Email: seth.thompson@edwardjones.com 201 Allegheny Ave. Suite 2 Oakmont, PA 15139 Advertorial featured monthly in the Valley News Dispatch Edward Jones Start moving toward retirement security It's not as well - known as Halloween , but National Retirement Security week happens every October - the third week , to be precise - and while it doesn't involve ghosts and goblins , it does deal with something even more frightening : the risk of not being able to enjoy a comfortable retirement . What steps can you take ? Here are some suggestions : > edwardjones.com | Member SIPC First of all , as you plan for the financial resources you'll need , don't underestimate your possible longevity- you could spend two , or even three , decades as a retiree . Consider this : 65 - year - old men can expect to live another 20 years , while 65 - year - old women can anticipate almost 22 more years , according to the Society of Actuaries . And don't underestimate your health care expenses , which can amount to several thousand dollars a year , even with Medicare . Many people assume that Medicare or their Medicare Advantage plan will take care of virtually all their health care costs in retirement , but that's not the case . Generally speaking , you could plan on spending $ 4,500 to $ 6,500 per year on health care costs during retirement , excluding the large expenses connected with long - term care . But you can also take some proactive steps , such as contributing as much as you can afford to your employer - sponsored retirement plan and an IRA . Additionally , try to increase your contributions whenever your salary increases . And once you do retire , you'll want to ensure you don't withdraw so much each year from your investment portfolio that you run the risk of outliving your resources . So , you'll want to determine an annual withdrawal rate that can reduce this danger . Also , you'll want to maintain a mix of investments , so you have growth and income opportunities , to outpace inflation , and further reduce this danger . A financial advisor can help you determine both of the aforementioned . It can be challenging to make all the moves necessary to achieve retirement security - but it's worth the effort ! This article was written by Edward Jones for use by your local Edward Jones Financial Advisor . Member SIPC Protect your savings with FDIC coverage up to $ 5 million Our Insured Bank Deposit program offers the assurance of Federal Deposit Insurance Corporation ( FDIC ) protection . By using our Insured Bank Deposit program , you gain the convenience of having your FDIC - insured deposit and your investments on one statement . This can mean less paperwork and help ensure everything is working together to support your overall financial strategy . Extra protection is here . Contact me today to learn more . Seth D. Thompson , CFP® , AAMS® Certified Financial Planner Office : 412-828-2437 Email : seth.thompson@edwardjones.com 201 Allegheny Ave. Suite 2 Oakmont , PA 15139