PROMOTION
Planning for a
Successful Retirement “Is it safe to retire, or should I wait?” Industry-recognized Financial Advisors with Tiano, Armour & Smyth Wealth Managers at J.P. Morgan Securities share key ideas on achieving a successful retirement. You’ve worked hard to achieve a successful retirement. But when shifting from savings to spending, it’s critical to get the most out of your assets. It may seem overwhelming to calculate how much you’ll need to sustain yourself and your family through retirement, but smart planning will ensure that you meet your goals. YOUR RESPECTED ADVISOR CAN HELP YOU PLAN FOR THE RETIREMENT YOU WANT. Planning principles will help you calculate how lifestyle spending, educational expenses, healthcare needs and Social Security fit into your overall retirement picture. “When it comes to retirement, we consider your individual needs in the context of your entire balance sheet and long-term goals,” says Louise Armour. “Clients look to us for long-term advice on an array of wealth management and retirement income needs.” PLAN FOR A LONG LIFE. Living longer affects key retirement decisions, such as how to make the most of your time, how to invest, when to claim Social Security, and whether you may need long-term care. If you’re 65 and in good health, your retirement plan may need to account for 30 more years of living expenses. Thus, your investments must grow long after you stop working to keep pace with inflation and reduce the risk of outliving your money. START EARLY, AND SAVE, SAVE, SAVE. Make savings a priority during your working years to achieve a successful retirement. A good goal is to save 10% of your gross annual income each and every year—twice the U.S. average annual savings rate. Optimize your savings by opening taxadvantaged accounts such as 401(k)s, IRAs and HSAs. If you’re a business owner, your advisor can explore with you the different types of plans that FOR MORE INFORMATION, PLEASE CONTACT:
can be established to reap the benefits of saving. John Smyth says, “The earlier you start to save and invest, the more time your retirement assets will have to compound.” ADJUST AS CIRCUMSTANCES CHANGE. Spending and investing in retirement are intertwined. Your advisor can help determine an appropriate level of spending and can structure your investment portfolio to achieve your goals. “Review your investments to ensure your portfolio balances the need for safety, growth and income in a way that suits you on both a practical and psychological basis,” advises Sal Tiano. FIT SOCIAL SECURITY INTO THE PICTURE. Plan when to take Social Security based on factors such as life expectancy, marriage status, and whether you’re the primary wage earner in your family. If you’re married, delaying Social Security may help, particularly if you’re the primary wage earner of a couple, and your portfolio offers that flexibility. Calculate how much your investment portfolio will generate in the period between retiring and when you begin to claim Social Security. WORK WITH THE RIGHT ADVISOR AT THE RIGHT TIME. Work with an advisor to achieve long-term financial success. “We offer our clients stability and commitment. When it comes to retirement, planning is the bedrock of success.” Sal Tiano, Louise Armour and John Smyth of Tiano, Armour & Smyth Wealth Managers at J.P. Morgan Securities collectively have 85-plus years of wealth management experience. The team is 13-members strong, each contributing unique expertise and forming a cohesive unit with the common goal of “client first.”
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“J.P. Morgan Securities” is a brand name for a wealth management business conducted by JPMorgan Chase & Co. and certain subsidiaries. J.P. Morgan Securities offers investment products and services through J.P. Morgan Securities LLC, member FINRA and SIPC. Bank products and services are offered by JPMorgan Chase Bank, N.A. and its bank affiliates. J.P. Morgan does not provide tax advice. Your lawyer or accountant can advise you on the appropriateness of a specific strategy in light of your own unique circumstances.
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