Quiñones Financial Group LLC

CONNECT

Address:

654 Munoz Rivera Ave. Suite 923
Hato Rey, PR 00918

Phone:

7877639936

Fax/Other:

7872501413

Retirement

 

Today's retirees or professionals contemplating retirement have to address different issues in order to make a prudent decision upon when retiring, how much income they should need, and how to invest their money.  Some of the main issues include:

Diversification

Our retirement income should come from different sources, to minimize the risk of having too much in too few asset classes.

While some retirees have favored only bonds, we will work with you to determine if there are alternative asset classes to consider in your retirement portfolio.

There’s no guarantee that diversifying your assets will make a profit or protect you against a loss. But having assets in place that do not have much correlation could help you when one asset underperforms.

Timing

Choosing the wrong time to begin withdrawing income during retirement can have a dramatic impact on your future retirement income, as can withdrawing too much money too soon. With Boomers living longer, healthier lives, retirement could conceivably last for 30 years or more. In that case, there is every possibility that retirees - or their spouses - could outlive their income.

Inflation & Taxes

“Cost of living”, constantly erodes purchasing power through increased costs, while taxes can reduce the potential of investable earnings. A correct assumption is very important in establishing your investment portfolio.

Health Care Expenses

The statistics as to the rise in health care expenses and how many people incur them are staggering. However, the real problem with this expense is that no one is certain if, when, or how much may be needed. Thus, it can be very difficult to plan for with any accuracy.

Solutions

We must first make sure your basic needs are covered.  These may be rent, insurance, food, utilities, etc; things we need and use in our day to day.  We then estimate the amount of money that is used for discretionary expenses, like vacations, country club memberships, donations, caring for family members, leaving legacies, etc.

Using the topics discussed above, we come up with a plan to cover short and long term needs, which will vary by client and their financial conditions.The investments recommended are tailored to these specific needs.