Each stage of our life presents unique challenges. As investors, these stages also require unique solutions to the challenges we face. One day, we wake up and realize that things are changing and we are faced with questions that we have never had to ask before.
- “Where do I want to live?”
- “Will I have enough money to retire?”
- “What are my resources?”
All of these questions can be daunting and create a tremendous amount of confusion and stress in our daily lives. Many will try to bombard you with ideas and sales pitches that weren’t a concern for you in your younger years. Breaking it down into simple-to-follow steps is always a good starting point for tackling any problem.
Step 1: Have the conversation – work with an independent professional who can help guide you through the process and answer any questions you may have
Step 2: Evaluate your options – understand that you have a choice. A good advisor will present multiple options and give their opinion on what is in your best interest
Step 3: Commit to your plan – a lot of thought and detail went into creating your plan. Don’t allow short term events to guide your long term plan.
To help investors, I have created a Late Life Planning Playbook that addresses the following topics:
- Insurance Needs
- Reverse Mortgages
- Living Options & Costs
- How to generate portfolio income
For more information on how we can help with your personalized late life financial plan, please contact Denise Delaney at 949-428-0457 or [email protected].
Index Fund Advisors, Inc. (IFA) is a fee-only advisory and wealth management firm that provides risk-appropriate, returns-optimized,
globally-diversified and tax-managed investment strategies with a fiduciary standard of care.
Founded in 1999, IFA is a Registered Investment Adviser with the U.S. Securities and Exchange Commission that provides investment
advice to individuals, trusts, corporations, non-profits, and public and private institutions. Based in Irvine, California, IFA manages
individual and institutional accounts, including IRA, 401(k), 403(b), profit sharing, pensions, endowments and all other investment accounts.
IFA also facilitates IRA rollovers from 401(k)s and 403(b)s.
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About the Author
Denise Delaney - Senior Vice President, Wealth Advisor, CFP®
Denise specializes in advising a range of clients including younger families and high net worth individuals to those in the later stages of life and who may require complex financial, estate, and long-term care planning needs. She also has many years of experience in advising investment committees for endowments, foundations and pension plans, as well as working with companies to construct highly diversified, low-cost 401(k) retirement solutions for their employees.