Planning For Retirement

Most people concentrate on when they want to retire. But a more important factor to consider is how you'll be able to retire -- and that takes planning. The MidFirst Investment Center* can help you plan and also has software to help you analyze your alternatives and set up a plan. Everyone has personal goals for retirement - yours may include:

• Financial independence to cover basic living expenses
• Flexible income for travel, hobbies, extended vacations, volunteering, or having an interesting part-time job
• Estate planning to create a legacy for children and grandchildren, or contributions to charities and other organizations

When considering your retirement income strategy, the first step is to look at the risks you face, including:

• Inflation
• Fluctuating investment returns
• Rising health care costs
• Outliving your assets
• Taxes and tax law changes

To determine what your retirement paycheck will look like, the three typical sources of income include Social Security payments from the government, any pension distribution from your employer, and your own personal investments. Let MidFirst help you estimate how much income each source may provide and then lay out a plan for establishing an income stream that meets your retirement goals.

Then, work with a MidFirst Investment Representative, who are registered representatives of INVEST Financial Corporation, to do the following:

• Assess your situation by setting your goals and determining your sources of income.
• Consider the risks.
• Evaluate strategies and determine a plan for investing your assets and drawing your income.
• Put your plan into action.
• Review your plan on a regular basis to determine whether you're on track.

Before meeting with your representative to discuss retirement plans, you'll want to consider your goals and gather some basic information on your current financial situation. If you need direction on how to accomplish this, feel free to call (513) 420-5808 to schedule an over-the-phone or in-person initial meeting with a MidFirst Investment Representative who can help you. Your Investment Representative will help to tailor a retirement income plan to meet your personal situation.

*MidFirst Financial Services, LLC provides access to investments through INVEST Financial Corporation (INVEST), member FINRA, SIPC. INVEST is not affiliated with MidFirst Financial Services, LLC or MidFirst Credit Union. Securities advisory services and certain insurance products offered through INVEST and affiliated insurance agencies are: *not FDIC/NCUA insured *not guaranteed by a Bank or Credit Union *may lose value.

This website may contain concepts that have legal, accounting and tax implications. It is not intended to provide legal, accounting, or tax advice. You may wish to consult an attorney, tax advisor, or accountant regarding your specific situation. No representations are made as to the accuracy of the information contained herein or any information contained in any link provided herein.

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