Larry Stein

Background

About Larry Stein

Featured in CNBC, WALL STREET JOURNAL and NEW YORK TIMES - Twice-Published Book Author - CHICAGO AMBASSADOR for National CFP Board- Manage Risk & Make Your Money Last – Planning your retirement is much more complex than in the past: Stock price volatility has risen significantly as historic pillars of stability have been weakened by rule changes. The Q4 2018 decline may be an example of future drops We’re living longer. If you’re affluent, research suggests you should add about 10% to the mortality tables, and that’s just the median. To make your money last, the days of “shooting from the hip” are over. It's time to get serious. Here are three strategies that will be critical to your success, but may seem counter-intuitive: Create a financial plan based on what you envision your life to be – not how it is now. Your life will change and so will your costs. Living costs are likely to be the key lever in your financial plan. Manage risk judiciously. Dalbar research shows that individual investors earn much lower returns than they should. They overtrade and succumb to fear. Pick your spots and go counter to the headlines. Customize your portfolio withdrawal strategy. Don’t blindly follow the 4% rule, you may leave too much money on the table. This is a dynamic process that requires high-level planning. Whether you’re a business owner thinking of retirement, a retiree in the thick of retirement, or a divorcee or widow planning your future, making your money last will soon become mission critical. If you’re considering these challenges, let's have a conversation. Whether or not we decide to do business together, I'm confident that our call will be full of insights and actionable steps you can use to improve your investing and make your money last. Here's a link to my calendar: https://calendly.com/larrystein – please pick a time that works best for you. Contact me at (847) 602-6485 or Larry@Disciplined-Investment.com