Often you hear that you will need 70% to 80% of your pre-retirement income, but it is not uncommon to need 100% or more.
Approximately 40 percent of the 65-and-over population will eventually need long-term care, with an average stay of 2.5 years at a cost ranging from $30,000-$65,000 annually (source: Partnership for Long Term Care, University of Maryland Center on Aging, October 2002)
What you invest in will depend on how long you have until you retire — as you near retirement, you might consider moving from aggressive, growth-focused investments into more conservative, income-producing investments.
Call Jeff to find out more about securing your future.
Jeffrey Schwartz is a Registered Representative of and offers securities products and services through Park Avenue Securities LLC (PAS), 1550 W. Colorado Blvd., Pasadena, CA 91105 (323) 255-8800. Financial Representative, The Guardian Life Insurance Company of America (Guardian), New York, NY. PAS is an indirect, wholly owned subsidiary of Guardian. Guardian / Executive Benefits Insurance and Financial Services is not an affiliate or subsidiary of PAS or Guardian. Jeffrey Schwartz is licensed to sell insurance in the states of California, Washington, Arizona, Florida, and Oklahoma. California Insurance License No. 0647683
The Registered Representative is securities licensed in Arizona, California, Florida, and Washington and is strictly intended for individuals residing in those states. No offers may be made or accepted from any resident outside these specified states.
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