Farm406

19 farm406 Michael Plummer 1321 8th Ave N • Ste 101 • Great Falls, MT 59401 406-727-7433 Financial Advisor Financial Advisor Eric Borggard, CFP ® 720 River Dr S • Ste 300 • Great Falls, MT 59405 406-727-3427 www.edwardjones.com Member SIPC is article was wrien by Edward Jones for use by Michael Plummer, Financial Advisor. Edward Jones, Member SIPC • Keep building assets for retirement. While working, constantly try to put away as much money as possible for your retirement years. Each year your salary goes up, increase your contributions to your 401(k) or similar employer-sponsored retirement plan. You may also want to contribute to an I, depending on your goals. And within your retirement savings, make sure you devote a reasonable percentage of your investment dollars to growth-oriented vehicles that align with your goals and risk tolerance. • Seek out sources of guaranteed income. As a retiree, you will receive Social Security benefits – and the longer you wait before claiming them, the bigger your monthly checks will be. But you might also consider investments that can provide a source of income you can't outlive, such as annuities. • Revisit your strategy before you retire. As you near retirement, you may want to review your investment strategy, possibly adjusting your risk level so that your portfolio would be somewhat less susceptible to market volatility. is is also a good time to review your spending needs in retirement. • Maintain a reasonable withdrawal rate. Once you are retired, you'll likely need to start withdrawing from your 401(k), I, and other investment accounts. To avoid taking out too much money too early in your retirement, you'll need to set a reasonable, sustainable withdrawal rate based on your assets, age, and retirement lifestyle. A financial advisor can help you determine an appropriate rate. It will take dedication and determination to help ensure your money doesn't run out during your lifetime. But you'd probably agree that it's well worth the effort.

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