Wealth Management San Diego

The White Paper You MUST Read!

8 Things Really Smart People Have to Say About Retirement, PART 2

Financial Advisor San Diego, PART 1

Lesson # 3: A Good Plan Will Help You Prosper

Wealth planning for retirement is essential and neglecting to do so could prove disastrous for San Diego residents and their families. As an LPL financial advisor, I have seen the consequences of a lack of adequate planning and the results are tragic. Nowadays, a good retirement could last 20 years, if not longer and you’ve got to make provision for the unpleasant, such as illness and incapacity.

“It doesn’t matter how young you are. Sit down with pen and paper and draft a plan for yourself: a plan that outlines how you wish to live in order to establish and build wealth for life. People who don’t follow a plan rarely achieve great heights of success; they make do with what they end up with. If you work on developing those goals and plotting a course of action to achieve them, you’ll help yourself along your trajectory to success.”

- Grant Stallenberg, San Diego JKL Wealth Management client, 48

Having a clearer idea of your own goals and ambitions also helps your LPL financial advisor and wealth manager understand your unique picture, so start planning!

Lesson # 4: Start Early


The earlier San Diego residents start saving for retirement, the better. Why? Well, in addition to having more time to save, they will also benefit from greater interest!

Consider the following: if you invest $5,000 at the age of 25, by the time you are ready to retire (without any additions to this initial amount) you will be sitting with a whopping $140,512! This is, assuming you’re benefitting from 10% interest, which is pretty standard in a good savings account. If you only start thinking of saving for retirement at the age of 45, you’ve got to invest a considerably greater sum of $33,638 in order to achieve exactly the same results!

The lesson here is clear: while retirement might seem a long way off when you’re in your 20’s, the benefits of early wealth management are incredible and you stand to gain a whole lot more wealth. San Diego residents with teenagers and/or young adults might wish to speak to their kids about this…

For More Things Smart People Have to Say about Retirement:

Financial Planning San Diego, PART 3
Retirement Planning San Diego, 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 San Diego, California

San Diego – nicknamed the “City in Motion” – is the second biggest city in the whole of California and it lies in the southern part of the state. Not only is San Diego known to be the original birthplace of California, but it is also well known for its deep-water harbor, including shipbuilding and submarine yards, and its long time connection with the famous U.S. Navy. San Diego’s deep-water harbor port is a main driver of the city’s economy bringing money and business into the area. Sunshine is in big supply in San Diego, with rainfall and winter chills being on the rare side. However, with the many hills, canyons, mountains and the ocean present here, the climate varies over short environmental spaces, with each area having its own microclimate.