We hope that everyone is hanging in there during this crazy time. I know that we're all a little out of sorts lately, including Mother Nature with the projected near-freezing temperatures this coming weekend. But I guess we should be thankful that we're getting a decent spring instead of our usual jump right into the sweltering heat of summer. Nothing feels normal lately, so why should the weather do what we expect?
There's only so much that we can control, but we feel that it's important to make plans (for anything you're getting ready to tackle) and try to stick to them as best as possible. Having a plan at least gives you something to help guide you - even when we get thrown a curve ball. At JDS, we always talk about making sure you have a proper retirement plan that covers all of the necessary planning areas. This month we'd like to throw it back to an article that I wrote a couple of years ago, but that still rings true today. The article puts a focus on finding the right advisor for retirement and making sure you know your options for income planning. Finding a professional who understands the nuances of retirement planning is the first step to setting yourself up for success in retirement. A big part of retirement planning is income planning. Once you've got income nailed down, then you can tackle the remaining planning areas. This month's The Wealth Report also focuses on income planning within your overall retirement portfolio, whether that be through investments, annuities, or a blend of both.
If you've got questions or concerns about your current retirement plan, then feel free to reach out to us for a review. We are set up to work remotely if you're not comfortable meeting in-person for the time being.
Also, if you have friends or family that are worried about their financial plans for the future during this time, then encourage them to reach out to us. We are here to hopefully provide a little clarity during this uncertain time. Just let us know if there is anything we can do to ease some of your concerns going forward.