Asset Management Rancho Santa Fe

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Asset Management Professionals to Rancho Santa Fe Residents: Plans You Should Be Making Today for Your Retirement, PART 2

Retirement Planning Rancho Santa Fe, PART 1

Welcome to the second installment of this four-part series on what Rancho Santa Fe residents should be doing today to ensure that they make proper provision for themselves and their families throughout their retirement years.

Planning for Retirement: Step # 2

The next step Rancho Santa Fe residents need to take towards creating a sound financial plan is to examine your monthly expenses – what you need to live on every month – and what your monthly lifestyle expenses are. It’s no good calculating what you need to put aside for retirement without allocating a portion of that to having fun and travelling. Good asset management is crucial! Next, calculate your total monthly income, taking into account any pension benefits, rental money received from tenants and social security. If you plan on taking on any part-time work, be sure to factor this in too.

Planning for Retirement: Step # 3

The third step of planning for your retirement is to compare your income versus your expenses. If the former is less than the latter, then you will need to make adjustments to your saving and investment strategy today. Putting it off only puts greater distance between yourself and your retirement goals. Things you can do to adjust would be to examine your expenses and see if there’s anything you can eliminate in order to level your debt faster. You should also speak to your Rancho Santa Fe asset management expert or LPL financial advisor about your investment strategy.

“Saving for retirement can be challenging, but it should be a priority; like sending your kids to school and feeding your family,” say asset management experts. “Rancho Santa Fe residents shouldn’t put it on hold because they’d rather spend the money on eating out at a fancy restaurant or having a shopping spree at Gucci. Always be aware of your goals and adjust them as need be. And always be aware of any potential downfalls of your portfolio, especially when it comes to investing.”

For More Retirement Planning Advice, Read the Next in the Series:
Financial Advisor Poway, PART 4

Contact us!
If you want to get started on your journey today or would like individualized investment/financial advice from LPL financial advisor, John Lohrenz, please contact JKL Wealth Management at:

Phone: (858) 535-1705
Fax: (858) 535-1701
Email: john.lohrenz@lpl.com

Alternatively, fill out the Contact Form and we’ll get back to you shortly.

Physical Address
731 S. Hwy 101, Suite 2K, Solana Beach CA 92075

Securities and Advisory services offered through LPL Financial, a registered investment Advisor. Member FINRA/SIPC.


About Rancho Santa Fe, San Diego

Rancho Santa Fe – a CDP or census designated place – can be found at on the map positioned at 33°1′26″N 117°12′0″W in San Diego County. The name “Rancho Santa Fe” can refer back to the initial planned community now known as “the Covenant”. Other communities near this region include Cielo and Santa Fe Hills, among others. Communities within Rancho Santa Fe include Rancho Santa Fe Covenant and the popular Fairbanks Ranch. Being one of the top wealthiest ZIP codes to live in, most of the neighborhoods and large homes within this CDP are very sought-after. As an exclusive area, Rancho Santa Fe tends to have a low profile and privacy is cherished.