​​Late career

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You’ve worked hard, have been saving and building your next egg, and are excited for the future. Big questions may remain though… will I have enough to retire?… and will it be enough to last?

Ensuring your retirement dreams become a reality

Throughout your career, you’ve probably been picturing your retirement as a far-off concept. Perhaps you envision working in the garden, traveling, and playing with your grandchildren. Now is the time to nail down your plans and seriously consider what your retirement looks like.

At this phase of your career, our commitment to you goes the extra mile to see you through the transition from saving for to living in retirement. This exceptional level of service is rooted in our four-part system:

1. Analysis: An investment strategy designed to help make your money last a lifetime

The stakes are higher during this phase of retirement planning, as your time to generate savings is limited. Even if you don’t already have one, establishing a strategy for your retirement now can make a big difference. It’s better to have a plan than to chance it. A complimentary Personal Retirement Plan® will help illuminate the strategy needed to help guide you into the retirement you envision.

• Create a realistic vision of what the coming decades look like
  You may want to continue to work part-time in your retirement to generate income. Do you want to travel the world or fish every day, or do you have children you still support? These retirement lifestyles all have different budgets associated with them, so you will need to create a realistic picture of your retirement and work with your financial professional to help ensure your savings last as long as you need.
• Balance your budget with your retirement income
  Your financial professional will work closely with you to review your financial assets and obligations. Together, you’ll consider the expenses you will have after you retire and estimate what your monthly budget needs will be. Will you have a mortgage? Kids in college? A car payment? Health insurance? Elderly parents to care for?
• Know how much monthly income your retirement savings will provide
  Having a clear estimate of your projected monthly retirement income is another important step. Our goal is to equip you with the knowledge of how to make your retirement savings last.

2. Advice: A retirement income strategy personalized for you

As you near the end of your career and approach retirement, the stakes are higher and you need to be more protective of your nest egg. We identify strategies that help minimize risk while maximizing savings potential. There are many considerations new retirees must consider during their transition. Here are some of the ways we assist clients:

If you’re age 50 or over, you can make additional “catch-up” contributions to workplace retirement plans and IRAs. This gives you the chance to make up for the time you may not have maximized your plan contributions. If you aren’t already, take full advantage of your company’s matching contributions while you still can.

Look for investments that fit your late career stage. This is a time when you want to protect your principal from short-term market volatility and develop a retirement income strategy. Re-evaluate your investments and look for new opportunities you may not have considered. Keep in mind that your investments should typically minimize risk during this retirement planning phase.

If you qualify for Social Security, evaluate whether you should take early, normal, or delayed Social Security benefits. There are many ways to claim Social Security, so it’s important to work with us to determine the best time to begin taking your benefits. For example, your TAG Financial Professional may suggest you wait until age 70 to maximize your monthly Social Security or take early benefits if your circumstances warrant.

Reduce your financial obligations. Paying down your debt and limiting your financial burdens will ease your budget in retirement and free up more of your retirement income for things you enjoy. If you can do so without reducing your retirement plan contributions, it may be wise to pay off house, car and credit cards before you retire.

3. Review: A retirement and investment plan that goes the distance

Once you have a clear vision of your retirement lifestyle, know your budget, and have a plan in place to execute your strategy, it is important to review your progress with your TAG Financial Professional as you move through the end of your career.

• Check-in with your TAG Financial Professional regularly for an Online Retirement Plan Review® to make sure you are on track.
• Did you receive an inheritance, lose a spouse or take on additional medical expenses? We will help you adjust your retirement savings strategy as life events occur.
• We will offer support and identify opportunities if you’ve gotten off track.

4. Support: A higher level of service and consultation

A toll-free service center and ongoing financial education opportunities, together with your TAG Financial Professional, provide helpful support through this critical stage in your career, including:

• A TAG Financial Professional that is dedicated to you for the long-term
• The toll-free PlanMember Service Center staffed with friendly, securities-licensed professionals
• Educational resources, financial market updates, asset allocation bulletins, quarterly newsletters, statements, online planning tools, and more

As a member, you can be confident in our experienced team that has created customized retirement plans for nearly 200,000 people. Contact us today to create your personalized plan and get closer to turning your dream of retirement into reality.

See disclosures below

The Advisory Group, Inc. Local: (563) 388-4767 Toll-free: (800) 475-4872 2210 E. 52nd Street Davenport, IA 52807 Email: asktag@planmembersec.com

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Representatives registered with and offer only securities and advisory service through PlanMember Securities Corporation, a registered broker/dealer, investment advisor, and member FINRA/SIPC.

The Advisory Group, Inc. and PlanMember Securities Corporation are independently owned and operated.

Investors should carefully consider the investment objectives, risks, charges, and expenses of a mutual fund before investing. This and other important information is contained in the prospectuses or summary prospectuses, which can be obtained from the financial professional for your plan and should be read carefully before investing. All investments may involve risk, including possible loss of principal.

Asset allocation or the use of an advisor does not ensure a profit or guarantee against loss.

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