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Retirement Planning

Moving from the accumulation phase of financial life (working) to the decumulation phase (retirement) can be very challenging. During the accumulation phase the focus is generating wealth while the decumulation phase requires converting wealth into cash.

Park Place Financial uses a well-constructed process.


1.

We identify the lifestyle spending of a client. This can be done by reviewing a client’s income tax return, or looking at actual spending. Inflation can be taken into account.

2.

Guaranteed income sources such as social security or pensions are analyzed to determine how to best optimize these income sources.


3.

If lifestyle spending exceeds guaranteed income sources, the difference must be satisfied from accumulated assets. Careful evaluation of the investment risk necessary to meet lifestyle spending must be assessed and monitored.


4.

Investments are selected based upon their ability, when combined with guaranteed income sources, to satisfy lifestyle spending.

Check the background of this firm/advisor on FINRA’s BrokerCheck.