Make Your Assets Last

It takes a tremendous adjustment of attitude and investing strategy after your career changes gears and you dial back your income or fully retire. Instead of saving money, retirees need to become comfortable with spending their savings. Today’s longer life expectancies require complex strategies. Which accounts should you tap first - your IRA, Roth IRA or your taxable accounts? What is required to be withdrawn each year? When should you claim Social Security? Do you own an annuity, and should you annuitize it? What strategies exist to tap home equity without selling your home?

There is no right answer for everyone and there may be more than one right answer for you. The last person you want to ask about such strategies is someone who has an incentive to sell products. Fenway Financial Advisors can counsel you on all these options with no incentive to generate fees or commissions from the sale of any financial products.