January 2025 | Issue 22

Making your golden years shine

As we welcome a new year, familiar trends are already resurfacing. One is clients intentionally underestimating their needs once they retire. A plan to adopt an excessively frugal lifestyle is an approach with good intentions but the outcome is as familiar as many January resolutions like losing weight and regular exercise — unrealistic in the end. Most importantly, after a lifetime of work and worry, most people do not want to live in a state of deprivation.

The good news is that, in many cases, you can plan for a way of life that’s closer to your current reality. One of the most important benefits of working with a certified financial planner is having the opportunity to share your hopes and dreams with someone who is trained to get you on a path toward the future you actually want. Not the one you think you’ll have to live with.

4 DANGERS OF EXTREME FRUGALITY IN RETIREMENT

Planner Spotlight

F.J. Daniel Felder III, CFP®

Financial Consultant

How do you define financial security?

Daniel Felder, a financial consultant at First Community Financial Consultants, knows that most individuals and families will experience some financial anxiety during their lifetime – it’s the norm. There is, however, an important difference to consider. The meaning of financial security varies from one person to another.

“During our process, we work intentionally to understand what financial security really means specifically for each client,” he says. “Then, as a fiduciary, our goal is to help build a financial plan that helps meet their definition of financial security in the present and in the future.”

Having a thorough plan and consistently monitoring and adapting that plan, Daniel shares, is the best long-term strategy to reaching a state of financial security. Get started today or learn more about Americans’ sense of personal financial security.

2024 AARP FINANCIAL SECURITY TRENDS SURVEY

Reach Out With Questions

803.343.0393

information@firstcommunityfc.com

Securities are offered through LPL Financial (LPL), a registered broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. First Community Financial Consultants is another business name of Independent Advisor Alliance, LLC. All investment advice is offered through Independent Advisor Alliance LLC, a registered investment advisor. Independent Advisor Alliance is a separate entity from LPL Financial. First Community Bank and First Community Financial Consultants are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using First Community Financial Consultants, and may also be employees of First Community Bank. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, First Community Bank or First Community Financial Consultants. Securities and insurance offered through LPL or its affiliates are:

Not Insured by FDIC or Any Other Government Agency

Not Bank Guaranteed

Not Bank Deposits or Obligations

May Lose Value

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