Page 6 - 2023 Vol 13 Issue 8 Zone 1 Tri-City Kitchens
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Each option has advantages and disadvantages and the option that is best depends on your individual circumstances. You should consider features such as investment options, fees and expenses, and services o ered. A Financial Advisor can help educate you regarding your choices so you can decide
          which one makes the most sense for your speci c situation. Before you make a decision, read the information provided in this piece to become more informed and speak with your current retirement plan administrator, and tax professional before taking any action.
          Investment and Insurance Products:  • NOT FDIC Insured • NO Bank Guarantee • MAY Lose Value
          Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC, Member SIPC, a registered broker-dealer and non-banka liate of Wells Fargo & Company.
          © 2020 Wells Fargo Clearing Services, LLC. CAR-0122-02658
                                                           Ask these four questions to
              Financial Expert Contributor
                                                       help you prepare for retirement

                                               2. Where will I be living?            Decide to adjust your spending patterns today.
                                                 • Will I stay in my current home or downsize   Choose something you really don’t need and
                                                  to something smaller or a rental property?  redirect that amount into your retirement savings.
                                                                                     Take advantage of growth potential over time. Pay
                                                 • Will I move to a retirement community or   yourself first instead of spending money on
                                                  assisted living facility?
                                                                                     something that won’t support your future
                                                 • Will I sell my home and replace it with an   retirement needs. Creating that nest egg now
                                                  RV or other alternative living option?  could reduce your stress about money.
                                               3. What situations could impact my expenditures?  Start or add to an emergency fund. Even if the
               Brandon A Kuhn RICP®              • What health care coverage do I need for my   amount seems very small, it’s important to take
                                                  health conditions?                 the first step. As that amount grows and the
                 Wells Fargo Advisor                                                 behavior becomes a habit, you will likely gain
                                                 • Do I have an emergency fund for unexpected
        To determine how much you will need to fund   situations such as a health care crisis or   confidence and momentum in your investment
        your retirement, it’s helpful to estimate what your   property loss due to a natural disaster?
        budget will look like. These four questions could   • What if I stop working sooner than expect-  Meet with a financial advisor to review your
        help you identify your retirement lifestyle and   ed?                        answers and turn your outline into a plan to help
        plan for the related costs.                                                  you work toward your goals.
                                                 • What happens if I experience a significant
                                                  income loss?                       Variable annuities are long-term investments suitable for retirement
        1. What will I be doing?                                                     funding and are subject to market fluctuations and investment risk.
          • Do I plan to continue working past age 65 or   4. What barriers are keeping me from investing?  Investment and Insurance Products are:
            after I reach my full retirement age? Full   • I have nothing extra to invest.  • Not Insured by the FDIC or Any Federal
            time or part time?                   • I have education loans or other debt.  Government Agency
          • Are there hobbies I want to pursue that will   • I don’t know how to start an investment plan.  • Not a Deposit or Other Obligation of, or
            either cost money or make money?                                           Guaranteed by, the Bank or Any Bank Affiliate
                                                 • I have time to start saving later.  • Subject to Investment Risks, Including Possible
          • Is there volunteer work that may also have
            costs associated?                  Next steps                              Loss of the Principal Amount Invested
          • Do I plan to travel? Where?                                              Wells Fargo Advisors is a trade name used by Wells Fargo
                                               Prepare rather than panic. Create an outline   Clearing Services, LLC, Member SIPC, a registered broker-deal-
          • Are there things I enjoy that have related   from your answers to these questions. It should   er and non-bank affiliate of Wells Fargo & Company. This
                                                                                     advertisement was written by Wells Fargo Advisors and provided
            costs?                             give you the framework to calculate the income   to you by Brandon A. Kuhn.
                                               you may need to support your retirement lifestyle.  ©2022 Wells Fargo Clearing Services, LLC.
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