SUBSCRIBE
Enter your Name and Email address to get
the newsletter delivered to your inbox.
Please include name of person that directed you to my online newsletter so I can thank them personally.
Beth A. Botti, CFP®, ChFC, CLU, CDFA™
Financial Consultant
California Insurance License #0G24537
612 Wheelers Farms Road, Milford, CT 06460
Phone: 203-877-6556 Ext. 169
Fax: 203-301-0736
Email: beth.botti@equitable.com
May/June 2020
Preparing for Retirement
The importance of saving for retirement can’t be overstated. How you spend your retirement income is important, but so is how you spend the rest of your life. Whether your retirement is near or years away, it is important to plan for this huge life change.
Test Drive
Don’t chance it. Rather than jumping into retirement cold turkey, consider the factors that will make your retired life either enjoyable or difficult. If you plan to become a snowbird, check out prospective landing spots while you’re working. This can help take the unfamiliarity out of a big move, but it won’t help you get over leaving friends, family and familiar surroundings. Make sure any move you make is right for you long term.If you’ll stay in or near your current community, consider whether you’ll downsize, move into a retirement community or stay put. There are pros and cons to each option. If you downsize, mull over how you’ll rid yourself of excess belongings you’ve collected over the years and whether children, friends or charities will get what you leave behind. If you plan to live out your life in the same home, plan to update it prior to retirement.
Life Changes
Think about how leaving work behind will affect you. If you can’t wait to get back to the job while on vacation, you could have trouble leaving your career. If that’s true for you, consider keeping active in your career at least parttime, whether for pay or as a volunteer.Also consider how to occupy your newly free time. Will you travel and take up new hobbies or will you devote more time to others, including family and those in need?
These are some of the changes you might consider before your big day approaches but not the only ones. Will you want to leave a legacy, financial or otherwise? Are you prepared for potential failing health or long-term care, two facts of life for which insurance can offer financial protection? Do you have enough money to support potentially longer lives (see Retirement Lessons From a Fairytale article)? Answer these and other questons and you're on your way to happy retirement.
GE-2823645a(11/19) (Exp. 11/21)
CONTACT US
Enter your Name, Email Address and a short message. We'll respond to you as soon as possible.
Duly registered and licensed financial professionals offer securities through Equitable Advisors, LLC (NY, NY 212-314-4600), member FINRA,SIPC (Equitable Financial Advisors in MI & TN), offer investment advisory products and services through Equitable Advisors, LLC, an SEC-registered investment advisor, and offer annuity and insurance products through Equitable Network, LLC (Equitable Network Insurance Agency of Utah, LLC in UT; Equitable Network of Puerto Rico, Inc.). Equal Opportunity Employer - M/F/D/V. Equitable Advisors and its associates and affiliates do not provide tax, accounting, or legal advice or services. Representatives may transact business, which includes offering products and services and/or responding to inquiries, only in state(s) in which they are properly registered and/or licensed. Your connection to this website does not necessarily indicate that the sender is able to transact business in your state. The information in this website is not investment or securities advice and does not constitute an offer. For more information about Equitable Advisors, LLC you may visit https://equitable.com/crs to review the firm's Relationship Summary for Retail Investors and General Conflicts of Interest Disclosure.
GE-6572038.1 (4/24)(Exp. 4/26)
CFP®, and CERTIFIED FINANCIAL PLANNER™ are certification marks owned by the Certified Financial Planner Board of Standards, Inc. These marks are awarded to individuals who successfully complete the CFP Board's initial and ongoing certification requirements.
www.equitable.com
Check the background of this investment professional on FINRA's BrokerCheck
Equitable Advisors, LLC and LTM Marketing Specialists LLC are unrelated companies. This publication was prepared for the publication’s provider by LTM Client Marketing, an unrelated third party. Articles are not written or produced by the named representative.
The information and opinions contained in this web site are obtained from sources believed to be reliable, but their accuracy cannot be guaranteed. The publishers assume no responsibility for errors and omissions or for any damages resulting from the use of the published information. This web site is published with the understanding that it does not render legal, accounting, financial, or other professional advice. Whole or partial reproduction of this web site is forbidden without the written permission of the publisher.