Momentum - Business to Business Online Magazine October 2018 | Page 25

and everything will look great, but it might be in the advisor’s best interest, not the client’s. (More assets for the advisor.) Sometimes, it might be best to work an extra year or two, but it’s a lot better than having to go back to work as a contractor or as a consultant in two years and making a third of the amount of money you were making while working full time. If you want to retire at 64, for example, that's different, but if you want to retire at 56, you need to remember that it might be up to nine years before you can even touch Social Security or Medicare and have those benefits. Another thing to know about some credit card debt is that if you have 16% on a credit card balance and you paid it off, it's just like earning 16% for a year from the stock market. We don't ever expect investors to earn 16% in a year— 5 to 7% is about what we expect to average for our clients and we build that into the planning. Some people think if they have a $1 million portfolio that's enough to live on in retirement if you follow the 4% withdrawal. Well, that’s only $40,000 a year if you follow that rule. Of course, you can handle 4% if you don't have any debt. If you retire with $1 million and you're trying to service mortgage debt, two cars, your kid’s student loan debt, then obviously 4% is not going to cut it. This article was written and prepared by the Burrows Auttonberry & Agol Investment Group and S. LeBlanc & Company (760. 929.134); email: [email protected]. The Burrows Auttonberry & Agol Investment Group, which is a marketing name for a group of registered representatives within Hilltop Securities Inc., a member of NYSE, FINRA, and SIPC and a registered broker dealer and registered investment adviser that does not provide tax or legal advice, with headquarters at 1201 Elm Street, Suite 3500, Dallas, TX 75270, 214.859.1800. Though information provided in this article was prepared by sources believed reliable, Hilltop Securities Inc. does not guarantee its accuracy or its completeness. This article is a paid advertisement for the Burrows Auttonberry & Agol Investment Group of Hilltop Securities Inc., and may not be duplicated or redistributed without the prior consent of Hilltop Securities Inc. S. LeBlanc & Company is not affiliated with Hilltop Securities Inc. Don’t be left hanging for the holidays. Reserve space EARLY for your company party at South Shore Harbour Resort. Let us handle the details, from the facilities to food and staff for your holiday gathering for 100-600 guests. You don’t lift a finger – we decorate, cook and clean up while you enjoy the holiday cheer. Reserve holiday party dates now before the rush! It’s the hottest time of the year to book your holiday office party, dinner, reception, gift exchange or lunch. Get ‘em while it’s HOT . . . Dates are filling up fast! Call London Endres at 281-334-1000 now! Small is the new big. For small office gatherings consider a party with a view in the Paradise Reef Restaurant or Lighthouse Bar & Bistro. Economical, elegant, memorable moments for groups from 10 to tremendous. 25 0 0 S O U T H S H O R E B O U L E VA R D | L E A G U E C I T Y | S S H R .C O M | 281- 3 3 4 -10 0 0 24 MOMENTUM / October 2018