Revisiting Retirement Plans in 2024

Presented by Marc Aarons

I hope you’re doing well as we begin the new year. I wanted to check in on how you’re doing and quickly highlight the importance of keeping your retirement plan current.

The start of the year is a great opportunity to look back on any and all changes that occurred in 2023 that may affect your retirement plan. Here’s a quick checklist of factors that may warrant a plan review:

• Life Changes – Significant life changes, such as marriage, divorce, the arrival of a new family member, or alterations in your income, can have a profound impact on your financial goals. It’s essential to assess your retirement plan and make any necessary adjustments to align it with your evolving circumstances.
• Risk Tolerance Shifts – Different stages of life bring different levels of risk tolerance, and changes in overall goals may cause changes to your risk tolerance as well. With that in mind, it’s a good idea to regularly evaluate your risk tolerance in relation to your retirement plan.
• Tax Implications – Tax laws and regulations can undergo annual changes, affecting the financial aspects of your retirement plan. If your financial situation has evolved, it’s important to evaluate how these changes may influence your retirement strategy.

With this brief overview noted, please know that I am more than happy to provide a thorough review of your existing retirement plan, engage in discussions about any pertinent financial considerations, and address any questions or concerns you may have.

Feel free to reply to this post or give me a call to set up a review meeting.

Marc Aarons may be reached at 714-887-8000 or marc@ocmoneymanagers.com

www.ocmoneymanagers.com

This communication is from Money Managers, Inc.; a Securities and Exchange Commission registered investment advisor.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any securities, and past performance is not indicative of future results.  Investments involve risk and are not guaranteed.  Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed here.