Government Shutdown – Key Financial Impacts

Presented by Marc Aarons

I hope you’re doing well. With the federal government now in a partial shutdown, I wanted to provide an overview of what’s happening and what financial impacts Americans may experience.

What is a government shutdown?

A government shutdown occurs when Congress fails to pass the necessary funding legislation to keep federal agencies fully operational. In a partial shutdown like the one we’re in now, some agencies remain funded and continue running while many “non-essential” services pause until a funding agreement is reached.

When will the government reopen?

Unfortunately, there’s no set timeline. A shutdown can last a few days or extend several weeks, depending on how quickly lawmakers reach a compromise. In the meantime, some federal services may experience delays or limited availability.

What financial impacts could Americans experience?

1. Essential financial benefits will continue: The good news is that many core federal services remain operational. Social Security, Medicare, and Medicaid benefits will continue to be distributed. Veterans’ benefits will also remain in place. The Supplemental Nutrition Assistance Program (SNAP) and the Special Supplemental Nutrition Program for Women, Infants, and Children (WIC) will continue as funds allow. Most IRS operations, including tax filings and refunds, are expected to proceed as well.
2. Delays are likely in some government services: Depending on the duration of the shutdown, the delivery of some government services may be delayed. These can include federal housing loan approvals through the Federal Housing Administration (FHA), the Department of Housing and Urban Development (HUD), and the United States Department of Agriculture (USDA). The processing and approving of new SBA 7(a) and CDC/504 loans are paused. Key federal data reports — such as those related to employment or inflation — could be postponed.
3. Federal employees may be affected: Many federal employees are currently furloughed or working without pay. While back pay is typically issued once funding is restored, the uncertainty and disruption can be difficult for those impacted.
4. Broader economic impact is possible: Short-term government shutdowns have historically had a limited impact on financial markets. However, a prolonged disruption can affect consumer confidence, delay economic data reports, and impact federally supported programs. Depending on shutdown length, this could be especially significant for the Federal Reserve, which meets at the end of October and relies on jobs and inflation reports to guide decisions on interest rates.

While these factors are unlikely to require immediate changes to most financial plans, it can be helpful for Americans to have this broader economic context.

If you have questions about how this may affect your financial plans or simply want to talk  through your investment strategy, please don’t hesitate to reach out. I am always here as a resource for you.

Please don’t hesitate to reach out with any questions or concerns.

Marc Aarons may be reached at 714-887-8000 or Email Marc

Money Managers inc. Website

Investment advisory and financial planning services are provided by Money Managers, Inc. a registered investment advisor.  Our CRD Number is 151602.  To access our most recent version of our Form ADV, Form ADV Part 2A and privacy policy, visit https://adviserinfo.sec.gov/. This information is for educational purposes only.  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.

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Spring Clean Your Finances

Presented by Marc Aarons

I hope you are doing well today. I am reaching out to remind you that now is the perfect time to give your finances a “spring clean.”

Here are a few simple ways to get started:

• Review and refresh your budget – Take a close look at your current budget. Have there been any changes in your income or expenses since your last review? Adjust your budget to reflect these changes and identify areas where you can save more.
• Declutter your expenses – Examine your monthly expenditures and identify non-essential items you can reduce or eliminate. This might include unused subscriptions, recurring memberships, or finding more affordable alternatives to them.
• Consider consolidation – If you have multiple credit card accounts, you may want to consider consolidating them. This can simplify the debt repayment process, reduce fees, and lower interest rates.
• Update your financial goals – Reflect on your short-term and long-term financial goals. Most likely, they have changed and grown over the last year. Adjust them as needed, and we can strategize ways to reach them.
• Check your credit report – Ensure your credit report is accurate and up-to-date. Report any discrepancies immediately with your credit bureau as soon as possible.

If you have any questions about this guidance, don’t hesitate to reach out – I’d be happy to help. And, of course, if you have questions or needs related to your investments or retirement plan, please feel free to give me a call or book an appointment on my calendar.

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.

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Easy Planning to Setup for a Successful Year

Presented by Marc Aarons

As we begin the new year, it’s the perfect time to take control of your financial affairs and set yourself up for success. By setting goals and tracking them, you can ensure that you stay on track and achieve your financial resolutions.

At Money Managers Inc., we understand the importance of financial planning and we are here to help you every step of the way. Whether you’re looking to save for a big purchase, pay off debt, or invest for the future, our team of experts can provide the guidance and support you need.

Here are a few tips to get started:

• Define Your Goals: Take some time to think about what you want to achieve financially this year. Whether it’s saving a certain amount of money, starting an emergency fund, or paying off a specific debt, clearly define your goals.
• Create a Budget: A budget is a powerful tool that can help you manage your finances effectively. Track your income and expenses, and allocate your money towards your goals.
• Automate Your Savings: Set up automatic transfers to your savings account to ensure that you consistently save money each month.
• Monitor Your Progress: Regularly review your financial goals and track your progress. This will help you stay motivated and make any necessary adjustments along the way.

If you have any questions or need further guidance, please don’t hesitate to reach out to us at Money Managers Inc. We are here to support you in achieving your financial goals.

Wishing you a prosperous and financially secure year ahead!

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.

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End of 2023 Financial Checklist

Presented by Marc Aarons

I hope you and yours are doing well! As the end of the year closes in, now is a great time to take inventory of your finances and make a list of steps you need to take to end the year on a strong financial note. (Not to mention, it gives you a few minutes away from a house full of holiday guests!)

To help, I thought I’d share a few tips on where to focus your efforts as you wrap up the year:

1. Review your financial goals – Take time to reflect on your financial goals and assess your progress. Have you met the goals you set at the beginning of the year? If not, what steps can you take now to catch up?
2. Assess your expenses – Review your spending habits over the past year; try using a budgeting software to see your actual expenses and identify areas where you need to cut back or adjust. Looking at the data will help you create a more efficient and realistic budget for the coming year.
3. Maximize retirement contributions –
   1. If you haven’t already done so, consider contributing the maximum amount allowable to your retirement accounts. This will reduce your taxable income and help you build a healthy retirement nest egg.
4. Take advantage of tax-saving strategies – Explore all available tax deductions and credits. You may want to consider making charitable donations before the end of the year to reduce your tax liability. Remember, it’s best to consult a tax professional for personalized advice.
5. Plan for tax season – Gather and organize all your financial and tax-related documents to make the tax-filing process smoother. Start researching potential tax changes that may affect you in the upcoming year.
6. Review insurance coverage – Evaluate your insurance policies, including health, home, auto, and life insurance. Let your agent know of any significant life events or adjustments to ensure you have appropriate coverage and aren’t paying for frivolous extras.
7. Set goals for the upcoming year – Whether saving for a down payment, paying off debt, building an emergency fund, or budgeting for a major purchase, having a plan will help you stay on track.

Remember, staying financially healthy is an ongoing process that requires regular monitoring and frequent adjustments. If you need help or have questions, I’m here to help however I can, so don’t hesitate to give me a call or shoot me an email.

Happy holidays!

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.

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Financial Tips for College Students

Presented by Marc Aarons

As a new school year begins, I wanted to reach out and provide some valuable financial tips and advice for college-bound kids.

Being financially responsible is an essential skill that can set students up for long-term success. Here are some foundational concepts to guide them:

What Every College-Bound Student Should Know About Budgeting and Finances

• A checking account balance isn’t an accurate representation of available funds. Relying solely on the account balance may lead to overspending and financial difficulties in the future.
• Budgeting is a crucial life skill that requires practice. Even with limited income, learning how to budget now lays a solid foundation for financial success in the long run.
• Utilize budgeting apps like Mint, YNAB, GoodBudget, and PocketGuard. These tools can help manage income and expenses, set savings goals, and stay on top of a budget – all from a smartphone.
• Establishing an emergency fund, no matter how modest, provides a safety net for unexpected expenses such as bills, medical costs, or vehicle repairs. Saving even a small amount each week can add up over time.
• While academics can be demanding, there are flexible part-time job opportunities available for college students. Consider options like pet sitting, babysitting, and housesitting.
• Encourage students to think about investing for the future. Small investments made early can yield significant returns over time. Use this compound interest calculator to see the potential results firsthand.

A Quick Word About Credit Cards

Credit cards can be powerful financial tools when used responsibly. Unfortunately, many college students sign up for credit cards without fully understanding how they work. It’s important to have a conversation about credit cards and offer these guidelines:

• Avoid impulsive purchases.
• Pay the credit card balance in full and on time to avoid interest charges and late fees.
• Keep credit card balances low.
• Regularly review credit card statements for any suspicious activity.

I hope you find these tips helpful. Feel free to share this information with anyone who may benefit from it. If you have any questions or need personalized advice, please don’t hesitate to reach out. I’m here to provide support in any way I can.

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.

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Planning Summer Travel on a Budget

Presented by Marc Aarons

I hope this email finds you well today. I know many of my friends and family have found 2023 to be very busy and very costly, given inflation’s compounding effect over the last several years.

In fact, I’ve talked with a few people who hadn’t planned a summer vacation because of a lack of time or money–but who have now decided they, quite simply, need a break.

With those recent talks in mind, I thought I would reach out with some vacation budgeting tips in case you or someone you know is in a similar boat:

1. Set a budget and stick to it. Determine how much you can afford to spend on your vacation, and make sure to include all expenses, from transportation to activities.
2. Travel during the off-season. Off-season travel can save you a lot of money as hotel prices and airfare tend to be lower. If you’re willing to swim upstream this summer, you can find inspiration for your next off-season destination spot here.
3. Use travel points and rewards. Make use of your credit card rewards, loyalty programs, and travel points to save money on flights, hotels, and activities. If you’re not currently earning travel rewards, check out Bankrate’s guidance on choosing a travel credit card.
4. Look for complimentary meals. Eating out every meal can quickly add up, so when planning, look for hotels that include breakfast, afternoon hors d’oeuvres, or a complimentary happy hour. Some hotels also offer packages that include an on-site restaurant credit.
5. Be flexible with dates. To maximize your savings, the Thrifty Traveler recommends letting flight prices determine your travel dates if you have the flexibility.

Remember, the goal is to create memories and have fun, not break the bank. Hopefully, these tips will help you do just that!

That said, I hope you and your family have a wonderful summer. Don’t hesitate to reach out if I can be of assistance. As always, I’m here to answer questions and share insights.

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

www.ocmoneymanagers.com

This communication is from Money Managers, Inc. is 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.

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A Cheat Sheet for Sending Your Kid to College

Presented by Marc Aarons

College marks a great milestone in a child’s life. It may be the first time he or she will live away from home. Dropping off your child at college may be an experience loaded with emotions, so here are a few tips for a smoother transition.

Accept that the Parent-Child Dynamic Has Changed

Your child is always your child, and will need you as much as ever. However, parents need to understand that their role has transitioned from “supervisor” to “mentor.”

Make the Move Simple

Do not bring the moving van. Not only will it embarrass your child, but dorm rooms just aren’t that large. Bring only what’s appropriate.

Consider pre-ordering essentials (soap, bedding, shower caddy, etc.) for pick-up at a location by the school. This will save space whether your trip is by car or plane.

Don’t Leave “The Talk” to the Drop-off

While college represents a gateway to many wonderful experiences, parents will want to have a serious conversation about safety, responsible behavior, finances, and expectations about staying in touch.

Do not leave it for the drop-off. It is sure to sour the moment and may rush a conversation that deserves more time and mutual dialogue.

Time to Learn Financial Responsibility

Your child will need spending money. You may want to provide a debit card attached to an account that has a set sum for the full semester, or one that’s refreshed with monthly deposits. College is a perfect time to learn budgeting.

Take the Lead from Your Child

Let your child have the discretion to make decisions about what to bring. However important you think a dust skirt for the bed is, try to avoid fights. Let your child make a mistake. It’s the best way to learn.

Your child will likely send signals when it’s time for you to go. Listen to them. It’s time for him or her to begin connecting with new roommates. Expect that final “good-bye dinner” to be canceled since your child may prefer an impromptu introductory dinner with the new roommate.

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

www.ocmoneymanagers.com

MMI disclosure: The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite is not affiliated with the named broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security. Copyright FMG Suite.

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Should You Prepare to Retire on 80% of Your Income?

Examining a long-held retirement assumption.

Provided by Marc Aarons

A classic retirement preparation rule states that you should retire on 80% of the income you earned in your last year of work. Is this old axiom still true, or does it need reconsidering?

Some new research suggests that retirees may not need that much annual income to keep up their standard of living.

The 80% rule is really just a guideline. It refers to 80% of a retiree’s final yearly gross income, rather than his or her net pay. The difference between gross income and wages after withholdings and taxes is significant to say the least.¹

The major financial challenge for the new retiree is how to replace his or her paycheck, not his or her gross income.

So concluded Texas Tech University professor Michael Finke, who analyzed the 80% rule and published his conclusions in Research, a magazine for financial services industry professionals. Finke noted four factors that the 80% rule does not recognize. One, retirees no longer need to direct part of their incomes into retirement accounts. Two, they no longer involuntarily contribute to Social Security and Medicare, as they did while working. Three, most retirees do not have a daily commute, nor the daily expenses that accompany it. Four, people often retire into a lower income tax bracket.¹

Given all these factors, Finke concluded that the typical retiree could probably sustain their lifestyle with no more than 77% of an end salary, or 60% of his or her average annual lifetime income.¹

Retirees need to determine the expenses that will diminish in retirement. That determination, rather than a simple rule of thumb, will help them realize the level of income they need.

Imagine two 60-year-old workers, both earning identical salaries at the same firm. One currently directs 25% of her pay into a workplace retirement strategy. The other directs just 5% of her pay into that strategy. The worker deferring 25% of her salary into retirement savings needs to replace a lower percentage of their pay in retirement than the worker deferring only 5% of hers. Relatively speaking, the more avid retirement saver is already used to living on less.

This is a hypothetical example used for illustrative purposes only. It is not representative of any specific investment or combination of investments.

New retirees may not necessarily find themselves living on less. The retirement experience differs for everyone, and so does retiree personal spending. A recent Employee Benefit Research Institute survey found that over a third of retirees report spending more than they had originally expected. Only 9% reported that they were spending less than they had expected.²

A timeline of typical retiree spending resembles a “smile.” A 2013 study from investment research firm Morningstar noted that a retiree household’s inflation-adjusted spending usually dips at the start of retirement, bottoms out in the middle of the retirement experience, and then increases toward the very end.³

A retirement budget is a very good idea. There will be some out-of-budget costs, of course, ranging from the pleasant to the unpleasant. Those financial exceptions aside, abiding by a monthly budget (with or without the use of free online tools) may help you to rein in any questionable spending.

Any retirement income strategy should be personalized. Your own strategy should be based on an accurate, detailed assessment of your income needs and your available income resources. That information will help you discern just how much income you will need when retired.

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

www.ocmoneymanagers.com

MMI Disclosure: This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. This information has been derived from sources believed to be accurate. Please note – investing involves risk, and past performance is no guarantee of future results. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is neither a solicitation nor recommendation to purchase or sell any investment or insurance product or service, and should not be relied upon as such. All indices are unmanaged and are not illustrative of any particular investment.

^Citations.

^{1 – http://www.michaelfinke.com/research.html [2022]}

^{2 – https://www.ebri.org/retirement/retirement-confidence-survey [2022]}

^{3 – https://www.thestreet.com/retirement/want-to-be-rich-in-retirement-plan-better-save-more [2/23/22]}

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Rehearsing for Retirement

Try living as a “retiree” for a month or two before you commit to leaving your career.

Provided by Marc Aarons

Imagine if you could preview your retirement in advance. In a sense, you can. Financially and mentally, you can “rehearse” for the third act of your life, while still enjoying the second.

Pretend you are retired for a month or two. Take two steps to act out your rehearsal – one having to do with your budget, the other with your expectations.

Draw up a retirement budget & live on it for one, two, or three months. Make a list of essential expenses (groceries, gas, utilities, mortgage, medicines), and then a list of discretionary expenses (such as movie tickets, dinners out, spa treatments). This may reveal that you can live handily on less than what you currently spend each month.

Next, list your income sources for retirement. They might include Social Security benefits (depending on when you want to claim them), retirement plans, pension checks, dividends, freelance or consulting payments, or other revenue streams. Investment income is also in the mix here, so check with a financial professional to determine a withdrawal rate from those accounts that you can safely maintain through your retirement. (It might differ slightly from the long-recommended 4%.) When you have your list, stack the projected total income up against your essential expenses and see how much you have left over.

Try living off of that level of monthly income for a month or more while you are still working. If it covers your necessary monthly expenses and not much else, then some adjustments in your retirement strategy might be needed – a housing change, a change in your retirement date.

See how it feels to retire. Before you conclude your career, try to arrange some “previews” of your retirement lifestyle. If you want to serve your community, volunteer avidly for a month or two to get a taste of what daily volunteer work is like. If you see yourself traveling enthusiastically at the start of retirement, take a dream vacation or even a couple of consecutive trips (if your schedule allows) to see how they truly fit into your financial picture.

Your “rehearsal” need not be last-minute. If you think you will retire at 65, you could try doing this at 63, 60, or even before then. The earlier your attempt, the more time you have to alter your retirement strategy if needed.

What else should you consider as you rehearse? Besides income, expenses, and the day-to-day retirement experience, there are a few other factors to gauge.

How much cash do you have on hand? Starting retirement with a strong cash position provides you with some insulation if you happen to retire during a market downturn. The possibility of a bear market coinciding with your entry into retirement may make you want to revisit your portfolio allocations as well.

Take a second look at your projected monthly income. Will it be consistent? If it will vary, you will want to address that. If you are in line for a pension, you will face a major, likely irrevocable, financial decision: should it be single life, or joint-and-survivor? The latter option may reduce your pension income in retirement, but give your spouse 50% or more of your pension payments after you die. Your employer might also offer you a lump-sum pension buyout; if that turns out to be the case, you might want to consult with a financial professional who can help you to decide if the lump sum constitutes the better deal versus a lifelong income stream.¹

How about your entry into Medicare? You may enroll in it at medicare.gov within a window of your 65th birthday (that is, beginning three months prior to your birthday month and ending three months after it). If you sign up before your birthday, you will be covered beginning on the first day of your birthday month. Sign up following your 65th birthday, and you may have to wait for coverage to begin.²

If you expect to stay on the job after 65, consider signing up for Medicare Part A (the part that pays for hospital care) within the usual window. It will not cost you anything to do so, and sometimes Part A makes up for shortcomings in employer-sponsored health plans. You can enroll in Part B and other Medicare component parts later – within eight months of your retirement, to be precise. You will want to pay attention to that 8-month deadline, as your premiums will jump 10% for every 12-month period afterward that you refrain from enrolling. If you pay for your own insurance, you will still need to enroll in Medicare when you are eligible (Medicare will make that coverage superfluous, so you can anticipate dropping it).³

Rehearsing for retirement can be very insightful. Some new retirees leave work abruptly only to have their financial and lifestyle assumptions jarred. As you want to make a smooth retirement transition to a future that corresponds to your expectations, test-driving your retirement before it begins is only wise.

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

ocmoneymanagers.com

MMI Disclosure: This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. This information has been derived from sources believed to be accurate. Please note – investing involves risk, and past performance is no guarantee of future results. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is neither a solicitation nor recommendation to purchase or sell any investment or insurance product or service, and should not be relied upon as such. All indices are unmanaged and are not illustrative of any particular investment.

^Citations.

^{1 – TheBalance.com, December 13, 2021}

^{2 – Medicare.gov, 2022}

^{3 – CMS.gov, 2022}

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Creating a strategy for success.

 Provided by Marc Aarons at Money Managers, Inc. 

 Run the numbers. There is a rule of thumb for retirees suggesting that retirement income has a target of 70-80% of the household’s end salary, though this can certainly vary. So, years before leaving work, sit down (perhaps with the financial professional you know and trust) and take a look at your household’s monthly expenses.¹

The closer your household gets to retirement, the more exact you will want to be about your income needs. You first want to look for changing expenses: housing costs that might decrease or increase, health care costs, certain taxes, travel expenses, and so on. Next, look at your probable income sources: Social Security, your assorted retirement savings accounts, your portfolio.

Priorities. Next, think about what you want to do with your retirement. You may have envisioned travel, spending more time pursuing activities and hobbies, or even moving closer to family or close friends. While you may not be able to live extravagantly in retirement, finding your priorities will be an important part of how you approach your budget; you have to not only know how to take care of your basic needs of your household, but also have things you can look forward to enjoying.

It’s also important to remember that priorities change in life, and ideas that you are fixed on before retirement may change after a few years. Budgeting can offer your household the flexibility needed to shift gears, as your needs and desires change.

Road blocks. Having a budget in place can offer your household flexibility, but sometimes there are situations that come up that will challenge even the most careful retirees. A good budget will take health care costs in mind, and also be able to change over time, should they become more pressing. If you have a family, be mindful that gifts and loans don’t overwhelm your budget. Instead, consider creating a rainy day fund to call on, allowing you to set aside money especially for unforeseen expenses.

Budget well and live wisely. Creating a retirement budget for your household can be a big help in easing the transition from the daily grind to the golden years. For help with budgeting for retirement, speak to a qualified financial professional.

Marc Aarons may be reached at (714)887-8000 or Marc@OCMoneyManagers.com 

^{This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. This information has been derived from sources believed to be accurate. Please note – investing involves risk, and past performance is no guarantee of future results. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is neither a solicitation nor recommendation to purchase or sell any investment or insurance product or service, and should not be relied upon as such. All indices are unmanaged and are not illustrative of any particular investment.}

  ^{MMI Disclosure}

^{Citations.
1 – fool.com/retirement/2018/09/07/how-much-income-will-you-really-need-in-retirement.aspx [9/7/18]}

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