Social security retirement income is 76% higher at age 70 than it is at 62. Yet 74% of all
beneficiaries take benefits before their full retirement age. We believe this is due to an education
gap. In this seminar we talk about the current state of the system, how benefits are determined and how to maximize income. In addition to covering the basics, this class will focus on the new income maximization strategies in light of changes stemming from the Bipartisan Budget Act of 2015.
Session B Topic: Investing for Retirement: Navigating the Pitfalls and Developing a Sustainable Personal Strategy
Speaker: Christopher Schuch, MBA, CFP, CliftonLarsonAllen Wealth Advisors, LLC
Section 1 – Do it yourself or work with a professional?
There are many considerations when deciding whether you should manage your wealth yourself or hire someone to guide you. We will touch on the following:
· What types of financial advisors are there and how do they get paid?
· What types of products can I invest in and what are the costs associated?
· What is Active Management versus Passive Management?
Section 2 – Understanding the Investment Environment
Historically, individuals preparing for retirement have simply shifted their allocation away from stocks in favor of bonds and other income producing vehicles. We will discuss the following:
· What do we expect from bond markets and is traditional fixed income a viable option?
· What do we expect from equity markets?
· What other options are there?
Section 3 – Developing a Personal Strategy
It is important to understand what you are trying to accomplish and have a strategy that you can stand by even when we experience difficult markets. We will discuss the following:
· The emotional side of investing
· Developing a personal Investment Policy Statement