The Utter Financial Group on Retirement Goals – LIVING WELL Magazine

Second Half Goals

Courtesy The Utter Financial Group, Texoma LIVING WELL Magazine

What do you want to accomplish in the second part of your life?  It’s becoming more and more common for people to completely change directions, going back to school, training for a marathon, exploring new career options, or starting a business.

You can enjoy stories of people who have achieved significant accomplishments during the second half of their lives on our website at www.utterfinancial.wfadv.com. There you’ll see that Wells Fargo Advisors has developed a Second-Half Champions® recognition program.  It features videos about a teacher who, at age 58, swam from Alcatraz to San Francisco in her first ever open water swim.  And the career medical transcriptionist who is now advocating for nursing home residents.

When it comes to realizing your dreams in the second half of your life, planning and prioritizing become especially important.  If you want to get started on your “second half goal” before you retire, you may need to have additional savings outside of your retirement account.  If you want to wait until after you retire, then you want to make sure you have enough in your retirement savings to help you implement those important plans.

Our Envision® Plan is a popular planning tool, designed to help you identify and prioritize goals and establish a roadmap with personalized milestones to help you discover what your options may look like.  It begins with a conversation where we can help you identify, clarify and prioritize your financial goals.  We’ll define what your “ideal” scenario might be, and also an acceptable scenario that serves as an alternative to what you might consider “perfect.”

Envision tracks how well your investments are helping you reach your goals, showing your progress with a “dot” on a graph.  At any time, you can see where your dot is, tracking online or in your quarterly statements.  It helps answer the question, “How am I doing?”  If your dot moves out of the target zone or your situation changes, we’ll help you review and adjust your prioritized goals.

For the third consecutive year, Senior Financial Advisor Gail Utter has have been named to Barron’s Top 100 Women Financial Advisors and Barron’s Top 1,000 Financial Advisors lists.  It’s an acknowledgement of our team’s hard work and also, we hope, indicative of our thoughtful customer attention.  Whatever your goals for the second part of your life, it would be our privilege to help you achieve them.  Contact us at 903-893-6227 or 800-876-8221.

(Criteria for the Barron’s Top-100 Women Financial Advisors were based on quantitative and qualitative criteria as well as by examining regulatory records and talking with peers, supervisors, clients and all the advisors themselves.  Portfolio performance is not a criterion because most advisors do not have audited track records.  The Barron’s Top-1000 Advisors ranking are based on data provided by over 4,000 advisors. Among the factors included in the rankings were assets under management, revenue produced for the firm and quality of the practice.  Institutional assets are given less weight in the scoring.  Investment performance isn’t an explicit component.  Wells Fargo Advisors is not a tax or legal advisor.

The projections or other information generated by Envision regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results.  Results may vary with each use and over time.

Based on accepted statistical methods, the Envision tool uses a simulation model to test your Ideal, Acceptable and Recommended Investment Plans.  The simulation model uses assumptions about inflation, financial market returns and the relationships among these variables.  These assumptions were derived from analysis of historical data.  Using Monte Carlo simulation, the Envision tool simulates 1,000 different potential outcomes over a lifetime of investing varying historical risk, return, and correlation amongst the assets.  Some of these scenarios will assume strong financial market returns, similar to the best periods of history for investors.  Others will be similar to the worst periods in investing history.  Most scenarios will fall somewhere in between.  Elements of this report’s presentations and simulation results are under license from Financeware, Inc. ©2001-2010 Financeware, Inc. U.S. Patents 7,562,040, 7,650,303 and 7,765,138.  Other U.S. and international patents pending.  All Rights Reserved.  Financeware, Inc. is a separate entity and is not directly affiliated with Wells Fargo Advisors, LLC. 

Investments in securities and insurance products are: NOT FDIC-INSURED/NOT BANK-GUARANTEED/MAY LOSE VALUE.  Wells Fargo Advisors, LLC, Member SIPC, is a registered broker-dealer and a separate non-bank affiliate of Wells Fargo & Company.)