March 21, 2014
No matter how much you’ve earned, saved or inherited throughout your life, as you move toward retirement you need to make important decisions about how that money will work for you. The financial choices you make during your most financially productive years can significantly impact your ability to achieve your unique goals later in life.
“You also want to be smart about how you manage, allocate and draw down on funds later in life,” says Jason Whong, San Francisco-based Wealth Planner for The Private Client Reserve. “It requires thoughtful organization and decision-making to attempt to maximize your resources with your evolving goals and priorities.”
That means planning ahead and identifying your personal goals, says Kate Brown, Cincinnati-based Wealth Planner for The Private Client Reserve.
“You have to know what kind of life you want to live before you can figure out your cash flow
To strive to get the most value out of the assets you’ve spent a lifetime accumulating, consider these tips. Although you may have some well in hand, you may want to revisit others with your Wealth Management Advisor at The Private Client Reserve, your tax and legal advisors, and other professionals.