WE CHALLENGE OUTMODED RETIREMENT PLANNING METHODS

After years of working and saving as much money as possible, once you retire it’s a whole different ballgame. Suddenly the wage income stops, and you are left scratching your head about how best to withdraw from the money you’ve saved for retirement. What are the best strategies to help protect and grow your money? How do you make sure your money doesn’t run out? How can you pass the maximum amount of wealth to your heirs, or to the charitable cause that you cherish?

We help you enjoy your retirement lifestyle with strategies to help maximize your assets without taking on too much risk. Asset management to generate retirement income requires discipline, focus, and a clear investment strategy. How would you feel if your investments were able to generate enough income to meet your retirement living expenses, allowing you to spend with confidence, even in a flat or down market? That is the focus at Hoskins Wealth Management in St. Louis.

INCOME PLANNING IS CRITICAL TO RETIREMENT PLANNING

For many years, investors (especially those in retirement) became accustomed to extended periods of significant stock market gains which generated enough capital appreciation from which they could live on. However, the last fifteen years have proven unreliable in providing the consistent, long-term capital appreciation to cover many retirees’ spending needs. This period of time has been referred to by some as the “Lost Decade.” A period of time in which consecutive positive market performance was followed in turn by comparable, but opposite, periods of depreciation.

If you’re at or near retirement, Hoskins Wealth Management will discuss your income needs and put together a plan for the coming years. A personalized structured income plan carefully selected with your income goals in mind. We can show you how to “optimize” your Social Security benefits in a tax-advantaged manner and show you strategies to maximize your annuity payments, all designed NET of Taxes, NET of Inflation, and NET of Fees.

RETIREMENT INCOME PLANNING ENCOMPASSES RETIREMENT RISKS

Risk management is imperative, because retirement includes so many of them. Most people are aware of stock market risk as a potential threat to their retirement savings. But there are perhaps a dozen or more risks that retirees face every day. Among these are:

liquidity
risk

inflation
risk

longevity
risk

tax
risk

sequence of
return risk

healthcare
risk

If too much of your retirement savings are in illiquid investments (liquidity risk), you won’t be able to sell them immediately if you have an emergency. And if your returns don’t keep up with the cost of inflation (inflation risk) you lose purchasing power over time. If you are living longer, you may have a greater chance of needing expensive medical care (health care risk) and the need for continued income (longevity risk).

Our goal is to help protect your income from life’s known risks, and manage the impact of unforeseen challenges you potentially face in retirement. Our independent advisors strive to truly understand what’s important to you and your family.