Testing the Flexibility of Your Retirement Plan The Quincy Group

It’s natural for your tastes to change over time, and I’m not just talking about food. We all evolve and change over time, and that’s a good thing. Change gives us the opportunity to try different things and have new experiences. Some of the most extreme changes I’ve witnessed have been with retirees. After unleashing his inner artist, a buttoned-up executive became a painter, another retiree, a proper and reserved mother of four with nine grandchildren, took up belly dancing!

Retirement should be about trying the things you always wanted to but didn’t have time for. It’s about freedom and the flexibility to change your mind on things like, where you want to live, or what passions you want to start pursuing. The big question is, was your retirement plan designed with enough flexibility for you to make and deal with changes in life? You want the freedom to be able to make changes to your lifestyle and should expect the same flexibility from your financial plan. Life is unpredictable and things change, so it makes sense to have some of the same flexibility in your retirement plan.

Now is the time to take stock of your retirement plan and see if anything significant has changed in your life since it was created. Many things can change even in the course of a single year, so if it’s been longer than that since your last financial review, it’s time to schedule one. We meet with people all the time who’ve had significant life changes but forgot to update their retirement plan to match. Helping people align their financial goals with their life goals is one of the most rewarding parts of our job.

Don’t put yourself at risk with an outdated plan that’s not as flexible as you might need it to be. Take advantage of our complimentary financial review to understand if your retirement plan has the flexibility to adapt to potential changes in your life. Think of it like getting an annual physical at the doctor’s office, it’s just smart, preventative maintenance.

Remember, when it comes to planning for retirement, make sure to build a plan with enough flexibility to allow for changes in your life and review it annually. You’ll be able to pursue your passions and try new things. So if you’ve always wanted to get on a surfboard, go for it, this is your time!


**INFORMATION PROVIDED IS FROM SOURCES BELIEVED TO BE RELIABLE HOWEVER, WE CANNOT GUARANTEE OR REPRESENT THAT IT IS ACCURATE OR COMPLETE. NO STATEMENTS MADE SHALL CONSTITUTE ANY FINANCIAL, TAX, LEGAL, OR ACCOUNTING ADVICE. ANY HYPERLINKS PROVIDED ARE AS A COURTESY AND SHOULD NOT BE DEEMED AN ENDORSEMENT**

Securities and advisory services offered through Royal Alliance Associates, Inc. (RAA), member FINRA/ SIPC. RAA is separately owned and other entities and/or marketing names, products or services referenced here are independent of RAA. RAA is not affiliated with Lone Beacon

Neither the named representative nor the named Broker/Dealer or Investment Advisor gives tax or legal advice.

Fixed index annuities are designed to meet long-term needs for retirement income. Early withdrawals may result in loss of principal and credited interest due to surrender charges. Distributions may be subject to ordinary income tax and, if taken prior to age 59 ½, an additional 10% federal tax. An income rider or benefit (sometimes called Guaranteed Lifetime Withdrawal Benefits, or GLWB) is an additional feature available with some annuities and generally optional and come with additional cost. Income benefits are designed to provide income options above and beyond the standard annuitization or free withdrawal features in annuities. All contract gains beyond the CAP rate are surrendered to the insurance company to pay for the expense of the product.

The views expressed are not necessarily the opinion of Royal Alliance Associates Inc, and should not be construed directly or indirectly, as an offer to buy or sell any securities mentioned herein. Individual circumstances vary. Investing is subject to risks including loss of principal invested. No strategy can assure a profit against loss.