Chapters of Your Life

Start from the Ground Running (age 20 – 35)

Learn about investing and set up an automatic savings program. Take full advantage of 401 (k), 403 (b), 457 or other retirement savings vehicles at work. If you have children, you can start investing for their education during this time.

Ramping up (age 35 – 50)

As your salary and income increases, consider tax-advantaged investments and savings plans that will allow your deferred savings to compound without current taxation. Determine exactly how much you’ll need to reach your financial goals. Review your investment allocations frequently – your assets should be well diversified and poised for potential growth. Diversification does not assure an investor a profit nor does it protect against market loss. The tax information contained herein is general in nature, is provided for informational purposes only, and should not be construed as legal or tax advice. Always consult an attorney or tax professional regarding your specific legal or tax situation.

Maintaining Resiliency (age 50+)

Maximize your retirement savings by deferring greater amounts of salary, if possible. As retirement approaches, it may be appropriate to switch a portion of your invested assets to low-risk investment vehicles designed to produce income – albeit making certain that your assets are invested to help outpace inflation. Protect yourself and your family, long-term care insurance may be an option for you. Pay off your debts: investigate paying off your mortgage. Lastly, have a plan for how you want to enjoy your golden years.

The Countdown to Financial Independence

Have you determined the rate of return your portfolio will need to generate for your retirement? Which retirement savings accounts will you draw available income from, and in what order? How satisfactory are your insurance plans? Are you thinking of working or starting your own business? Have you examined your potential tax situation in retirement?

A comfortable Life-style – Stability throughout your life

Are you planning to make your money last for 20, 30 or even 50 years? Are your invested assets allocated to help keep pace with inflation? Have you requested a retirement distribution analysis so you’ll know how much to withdraw annually in income? Are your Social Security Benefits subject to income tax? Do you understand your health care options?

AND finally: Are you planning and enjoying the life you want for yourself?

DFG is here to help provide you with solutions to all these questions. Contact us today!