Retirement is less about a single number and more about steady, reliable cash flow you can count on. Depending on your situation, here are some of the main ways retirees can create lifetime income.
Modera is pleased to announce that Principals and Wealth Managers Gordon Bernhardt, CFP®, Solon Vlasto, CFP®, and Tim Koehl, CFP®, AAMS® have been recognized in Northern Virginia Magazine’s “Top Financial Professionals” listing.
As many investors learned during the tumultuous year of 2020 and the difficult markets of 2022, reliable financial and market advice has never been more valuable. And yet, when the markets are experiencing wild swings such as those we saw during the pandemic or falling into doldrums as they did last year, the headlines in the financial news media can make it hard to know which information is helpful and which you would be better off ignoring. Certainly, in an atmosphere of financial uncertainty, investors tend to be more concerned about their investments and what to do. This makes it vital to have confidence in your financial advisor.
Tax-Loss Harvesting in a Down Market Cycle
In ranching country, experienced livestock raisers know that periods of drought are inevitable. Not only that, but they know that there are certain things that need to be done during the dry times in order to be able to take maximum advantage of the rains when they begin to fall again in the future. Knowledgeable ranchers will utilize drought cycles to make sure their water reservoirs are in good shape; sometimes they will dig new ones. They’ll give special attention to their pasturing plan, being certain to make the most use of their available resources in order to keep their pastures healthy and ready for the next rains.