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CIAL FOCUS Bank-issued, FDIC-insured F I N A N
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2.55 % 2.75 % I 3.00 %
How to be a Good Money Minimum Manager in Retirement deposit APY* $1000
This article was written by Edward Jones for use by your local Edward Jones Financial Advisor Ken Wood
1-year
APY*
Minimum deposit supplemental $1000 insurance, health-care costs could still be one of your biggest expenses
APY*
$4,500 to $6,500 perdeposit person annually may be a Minimum good starting point for traditional health-care $1000 expenses in retirement. However, depending
f you reach retirement with a significant amount of assets, you’ve done a great job of saving and investing. But now comes another challenge—making that money last.
2-year
during retirement. Initially, budgeting for
You might think that this task, as important as it is, won’t be as hard as accumulating the on your health, prescription drug usage and money in the first place. Yet, a sizable number other factors, your costs could be higher or * Annual Percentage Yield effective 12/18/18. offered of people(APY) have reached a different conclusion. lower.CDs And you may also by want to estimate In fact, 36 percent of retirees say managing long-term care expenses as part of your plan. Edward Jones are bank-issued and FDIC-insured up to $250,000 money in retirement is more confusing than (principal and interestsaving accrued butand not yet say paid) perOnce you’re a for retirement, 56 percent they per • Lookdepositor, for senior discounts. wish they had budgeted for more unexpected ownership senior, you may category. be able to find discounts insured depository institution, for each account expenses in retirement, according to the on a wide range of items and activities, such as been committed to providing Please visit www.fdic.gov or contact your financial advisor for Edward Jones/Age Wave Four Pillars of the as movies, transportation, groceries, gym alized service to individual additional information.New Subject to availability andmemberships price change. CD Retirement study. and more. By taking advantage of these discounts, you rates can save a surprising values are subject to interest rate risk such that when interest What steps can you take to help you become amount of money and ease pressure on your rise, the prices of CDsancan decrease. If CDs prior to maturity, effective money manager duringare yoursold cash flow. retirement years? Here are a few to consider: the investor can lose principal value. FDIC insurance does not cover Establish a sustainable withdrawal strategy. losses in market value.• Set Early withdrawal may not •For be permitted. Yields your goals. Your money management decades, you’ve been putting money into and face-to-face meetings needs will certainly depend, to some extent, onthe quoted are net of all commissions. CDs require yourdistribution IRA and 401(k). Butof once you’re retired, what your goals are for the coming years. Will you will likely need to start taking withdrawals and interest to compound. CDs offered through Tointerest learn about the do not allow you travel extensively? Stay close to home and from these accounts. It’s essential that you don’t ent Philosophy Edward Jones are issued and Allearly CDs sold pursueby yourbanks hobbies? Or maybethrifts even opennationwide. a withdraw so much in your retirement different options for your small business? Once you identify vision that you focuses on qualityby investments eventually run the(DTC). risk of outliving Edward Jones are registered with the your Depository Trust Corp. for retirement, you can estimate how much it your money. You may want to work with a retirement accounts, call will cost, which will then dictate much of your financial professional, who can analyze your my office today. spending and saving needs. entire situation—assets, expenses, lifestyle, hway 95 Suite B expected longevity, etc.—and recommend a • Stick to a budget. If you’ve followed a budget sustainable withdrawal rate. Keep in mind d83852 to your individual needs throughout your working years, there’s no that once you turn 72, you may be required to 13 reason to stop now—in fact, budgeting may be take out a certain amount each year from your even more essential when you retire. Of course, 401(k) and your traditional IRA, so you’ll want you don’t necessarily want to force yourself to to incorporate these withdrawals into your be as frugal as possible—after all, you worked overall income strategy. JONES & CO., L.P. ALL RIGHTS RESERVED. hard, saved and invested so you canwww.edwardjones.com enjoy a comfortable retirement lifestyle. Look for Do SIPC Member whatever it takes to become a good money reasonable cost-cutting opportunities, such as manager during retirement. You’ll find that it’s eB eating out less often or eliminating streaming well worth the effort. services you don’t use.
and
itment.
d. sn’t.
You’re retired. Your money isn’t.
ifferent options for your retirement fice today.
d Advisor
FDI-1867H-A
Call or visit your local financial advisor today. Make your financial Ken Wood future a Financial Advisor 477100 Highway 95 priority. Make yourSuite B Ponderay, ID 83852 Ken Wood financial 208-255-2613 future a priority. • Don’t underestimate health-care costs. Even when you’re on Medicare and pay for
Financial Advisor . 477100 Highway 95 Suite B Ken Wood
Ponderay, IDFinancial 83852 Advisor 208-255-2613 477100 Highway 95, Suite B www.edwardjones.com Ponderay, ID 208-255-2613
Ken Wood
Financial Advisor .
477100 Highway 95 Suite B Ponderay, ID 83852 208-255-2613 www.edwardjones.com 10
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