Retirement Planning

Just as the 76 million Baby Boomers once transformed American culture, so too are they redefining retirement. No longer is retirement a time to sit back and wait for the rest of your life to unfold. Instead, today’s retirees have busy, active lifestyles with the freedom to chase new opportunities, revive old passions and realize long-held dreams.

The changes in retirement have intensified the issues future retirees face. Here are the five basic challenges that could affect your retirement income security:

Timing/withdrawal rate

Choosing the wrong time to begin withdrawing income during retirement can have a dramatic impact on your future retirement income security, as can withdrawing too much money too soon.

Longevity

With Boomers living longer, healthier lives, retirement could conceivably last for 30 years or more. In that case, there is every possibility that retirees – or their spouses – could outlive their income.

Inflation and taxes

Inflation constantly erodes purchasing power through increased costs, while taxes reduce the potential of investable earnings.

Asset allocation

Careful consideration of asset allocation can help reduce the volatility (or degree of fluctuation) of the overall portfolio and help to optimize investors’ balance of risk and return.

Health care expenses

The statistics as to the rise in these costs and how many people incur them are staggering. However, the real problem with this expense is that no one is certain if, when, or how much may be needed. Thus, it is very difficult to plan for with any accuracy.

Based on experience with our clients, we have developed a finely-tuned process that will lead you through the six stages of retirement income planning. We follow the stages to develop your personal plan which can help guide you toward your retirement income goals in the future.

This information is for use with the general public and is designed for informational or educational purposes only. It is not intended as investment advice and is not a recommendation for your retirement savings.

CRN-1703078-020617

Our Office Location

Hueners Hall Romo Prosise LLC

4241 B. Street
Suite 305
Anchorage, AK 99503
ph: 907.561.3187
fax: 907.561.5028
toll free: in AK 1-800-478-8327

Request Information

Please let us know how we can serve you.




Latest News

Financial and Economic Brief - December 12, 2017

• Powell’s Early Policy Views - Jerome Powell appears set to let the tax cut “run its course” through the economy as weak growth in wages and inflation promote his view that the economy remains “underpowered”.

• November Jobs Report Strong - According to the November jobs report released on Friday, employers added 228,000 jobs in November and the unemployment rate remained at 4.1%.

• Launch of Bitcoin Futures - Derivatives exchange Cboe Global Markets launched its bitcoin futures late yesterday, marking the first time investors could get access to the market via a mainstream regulated exchange.

Financial and Economic Brief - December 5, 2017

• Mixed Numbers for Automakers - Major automakers posted mixed U.S. November new vehicle sales on Friday and predicted a competitive December as they rushed to sell vehicles and lift their 2017 numbers.

• CVS to Buy Aetna - CVS Health is buying Aetna for $69 billion in cash and stock in a deal that “reflects a rapidly shifting health care landscape”.

• Upcoming Fed Rate Hikes - The U.S. Federal Reserve is “almost certain” to raise interest rates later in December, a majority of whom also now expect three more rate rises in 2018.

Financial and Economic Brief - November 28, 2017

• Consumer Sentiment Rose More Than Expected - U.S. consumer sentiment saw “slight” gains in November compared to the mid-month reading, though the index remained below the decade high reached in October.

• Publisher of Time Agrees to Be Sold - The publisher of Time, People and Sports Illustrated agreed yesterday to be sold to another big magazine publisher, Meredith.

• New Home Sales at 10-Year High - Sales of new U.S. single-family homes unexpectedly rose 6.2% in October, to a seasonally adjusted annual rate of 685,000 units, amid strong demand across the country.

Financial and Economic Brief - November 21, 2017

• October Home Building, One-Year High - U.S. home building jumped 13.7% in October, the highest level since October 2016, likely because communities affected by the hurricanes started replacing houses damaged by flooding.

• Marvell Bids on Cavium - Marvell Technology has bid around $6 billion for Cavium in a cash-and-stock deal that would create a chip maker to compete with industry giants.

• Wall Street Slightly…Higher - Wall Street indexes were higher on Monday morning, as gains in technology stocks offset a drop in health shares.

Financial and Economic Brief - November 14, 2017

• Oil Prices May Stay Steady - Oil prices have been rising since June, increasing about 33%. British Petroleum boss Bob Dudley says that may be all for now.

• Coal’s Bleak Future - The coal industry has seen only modest gains in jobs and production this year, mostly from a temporary uptick in foreign demand.

• Qualcomm Rejects Takeover Proposal - Qualcomm recently rejected Broadcom's $103 billion takeover proposal, noting the bid “significantly undervalues” the wireless telecommunications company.

Financial and Economic Brief - November 7, 2017

• October Jobs Report - The U.S. economy added 261,000 jobs in October and the unemployment rate was 4.1%.

• Gas Prices on the Rise - Gasoline prices have risen for most of the U.S. at a time in the year when there is usually “relief” at the pump.

• Dudley Leaving Fed - William Dudley, “among the most influential monetary policymakers throughout the financial crisis and its aftermath”, expects to retire by mid-2018, before his term officially ends in January 2019.