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Retirement spending: strategies for success.

A retirement strategy is something that people know that they need, and most take some types of steps to accomplish this goal. But when thinking about a retirement strategy, it is important to consider all the changes that happen in life that could affect your retirement savings. Because if you want to continue the lifestyle you are currently living, you need to make sure that the hopes and plans you have for retirement are matching up with reality.   One of the biggest challenges and concerns all retirees face is whether or not they are going to outlive the money that they have saved for retirement. There are a number of factors to consider, but right off the top is the topic of a safe withdrawal rate (considered the amount/percentage of the money you can withdraw each year from your retirement savings without running out). It is generally considered that for a typical 30-year retirement, it is usually possible to withdraw about 4% per year from a diversified portfolio consisting of stocks and bonds.   But there are also other factors to consider regarding spending that can take away from the bottom line. For example, don’t expect that just because you are retired, your living expenses are going to drop significantly — if at all. A March 2013 study by the Employee Benefit Research Institute found that nearly 52% of retirees experienced the same or higher costs in retirement as before they retired.   Healthcare costs can also be an issue in retirement as more money is spent on health-related costs as you get older. And depending on your level of health, this could limit your opportunities if you decided to go back to work to earn a little more money.   The key to retirement is having a good financial advisor who can educate and inform you of your situation as life challenges keep coming. As always, it’s about minimizing risk so you can have a level of satisfaction that you deserve as you head into retirement years.   For more information about strategies for retirement, visit us at www.midwest-wealth.com, or call 877-243-4132 to speak to a Midwest Wealth Management representative.   About Midwest Wealth Management, Inc. Midwest Wealth Management, Inc. was formed by Greg Shields, a 30-year financial services veteran committed to offering sophisticated investors an alternative when looking for a more strategic path for long-term investing. As a private investment group, Midwest Wealth Management, Inc. offers a proprietary trading platform, alternative investment offerings and dedicated advisory support for a select audience. For more information, please visit www.midwest-wealth.com.   Securities and Advisory Services offered through Commonwealth Financial Network®. Member FINRA/SIPC a Registered Investment Adviser.

 

Fontinelle, Eric. Outliving Your Retirement Savings. Forbes. 24, May. 2010 Boerner, Heather. Social Security: Take it Now or Later? Thrivent. 3, Nov. 2014.
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The SEC, Markets & Tweets

Baby boomers, their parents and the early Generation X's are not the only groups of people still trying to find their footing in the world of social media. From liking and sharing to understanding who it is "ok" to follow or friend, the rules are ever evolving. If you want to take solace in feeling like you are always playing catch up in this world, one of country's most important regulatory agencies, the SEC (Securities and Exchange Commission) is right there with grandmothers who are friending their grandchild's social circle and wondering "why don't they accept my invite?"

 

Social media was a previous non-issue in the investing world until Reed Hastings, co-founder and CEO of Netflix (NFLX), posted exciting news about his company in the middle of 2012. Thrilled that his company had exceeded monthly viewing of 1 billion hours (a whole lot of "Netflix and Chill") he turned to Facebook to share the exciting news with his 200,000+ friends. with many of the people in his social network having an interest in the shares of his publicly traded company news quickly spread the viewership numbers resulted in a share price increase of over 20%.

 

After review by the SEC, they fully approved the use of social media for publicly traded companies in 2013. The rules require simultaneous access to material information, so now companies are required to notify shareholders which platforms and which accounts (company or executives) may be used. Not only are corporate executive posts being examined for "market moving" information, the search has spread to anyone with enough following to be viewed as credible. Firms and trading strategies are now being built around posts from news outlets, politicians, regulators and the biggest names in investing.

 

Big Market Moving Posts of the Past: SEC, Markets & Tweets   About Midwest Wealth Management, Inc. Midwest Wealth Management, Inc. was formed by Greg Shields, a 30-year financial services veteran committed to offering sophisticated investors an alternative when looking for a more strategic path for long-term investing. As a private investment group, Midwest Wealth Management, Inc. offers a proprietary trading platform, alternative investment offerings and dedicated advisory support for a select audience. For more information, please visit www.midwest-wealth.com.

 

Securities and Advisory Services offered through Commonwealth Financial Network®. Member FINRA/SIPC a Registered Investment Adviser.
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