September 2025 | Issue 29

When Saving Turns Into Spending

Most people spend a good part of their life saving for the future. But eventually the day comes when saving stops and the spending of resources begins. No matter what triggers the switch —health, professional retirement, the market — the next phase is about making what you have last for as long as you need it to. And that can get...complicated.

Some planners still abide by the 4% withdrawal rate, but that can surrender too much of what you’ve worked and dreamed for. Plus, you’ll still have annual taxes, varying inflation and surprise expenses. Agile management of your nest egg can keep expenses in check without consuming your global travel or lakeside living dreams. With so much in play, it’s a time of life when working with a certified financial planner can really pay off.

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Planner Spotlight

Daniel Felder, CFP

Financial Consultant

Does your estate plan still fit?

Estate plans are essential. But simply having one isn’t enough. You need to understand the plan’s components, ensure that it’s kept up to date and share it with your financial planner, advises financial consultant Daniel Felder. “After a thorough review, we often find an estate plan differs from what the client thought, or it’s no longer relevant for their current financial situation,” he says.

Think of your estate plan as a roadmap for financial planning. You can use it to integrate accurate beneficiary designations to keep your estate out of probate. “Clients tell us our consultation in the estate planning process provides them comfort and reassurance that they are prepared today and for future generations,” says Daniel.

ESTATE PLANNING CHECKLIST

Reach Out With Questions

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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:

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