Pier Financial Advisors

03/14/2025

Source: J.P. Morgan Asset Management. 2025. Guide to Retirement.

Getting started: Start with emergency savings to weather spending and income shocks throughout the year and make sure to take advantage of employer matching funds if they are available. An HSA offers triple tax benefits if used for qualified medical expenses in retirement.

1. This assumes that a diversified portfolio may earn 7.25% over the long term. Actual returns may be higher or lower. Generally, consider making additional payments on loans with a higher interest rate than your long-term expected investment return.
2. Must have a high-deductible health insurance plan that is eligible to be paired with an HSA. Those taking Social Security benefits age 65 or older and those who are on Medicare are ineligible. Tax penalties apply for non-qualified distributions prior to age 65; consult IRS Publication 502 or your tax professional.
3. Income limits may apply for IRAs. If ineligible for these, consider a non-deductible IRA or an after-tax 401(k) contribution. Individual situations will vary; consult your tax professional.

Not intended to be a personal financial plan.

03/13/2025

Source: J.P. Morgan Asset Management. (2025). Guide to Retirement.

Tax diversification: Managing taxes over a lifetime requires balancing your current and future tax pictures. Make income-tax diversification a priority to have more flexibility and control in retirement.
General Rule: Contribute to a Roth early in your career if you expect upward wage trajectory, and shift to a Traditional account as your income increases. Consider the exceptions if wealth is concentrated in tax-deferred accounts.

1.If eligible to make a deductible contribution (based on your MAGI = Modified Adjusted Gross Income).
2. SECURE 2.0 increased the starting age for RMD (Required Minimum Distributions) from 72 to 75 depending upon year of birth. The illustration reflects savings options into Traditional and Roth IRA accounts, as well as into pre-tax and Roth 401(k) accounts. RMDs are typically due no later than April 1 following the year the owner turns their distribution age (72-75) and are calculated every year based on the year-end retirement account value and the owner/plan participant’s life expectancy using the IRS Uniform or Joint Life Expectancy Table. If the employer contributions are pre-tax, they are subject to tax upon distribution. The above example is for illustrative purposes only. This is not intended to be individual tax advice; consult your tax professional.

03/12/2025

Source: J.P. Morgan Asset Management. (2025). Guide to Retirement.

This chart is for illustrative purposes only and must not be relied upon to make investment decisions. Discuss your individual circumstances and objectives with a qualified financial professional.

Model assumptions:
- Goal is to maintain an equivalent lifestyle in retirement
- Income is assumed to be gross income (before taxes and savings).
- Annual gross savings rate: 10%
- Pre-retirement portfolio: 60/40 equity/bond diversified portfolio
- Post-retirement portfolio: 40/60 equity/bond diversified portfolio
- Inflation rate: 2.4%
- Retirement age: 65
- Years in retirement: 35
- Based on proprietary Long-Term Capital Market Assumptions returns and an 80% confidence level

03/11/2025

Retire to a passion, not from a profession.

To make the most of your retirement years, using time to “PUSH” may improve your outlook and life satisfaction:

Purpose - Create a reason to get up in the morning
Use time to work, help others, go to events and activities
Socialize with friends & family; spend time with others
Health - Foster healthy behaviors

Source: J.P. Morgan Asset Management. 2025. Guide to Retirement.

03/10/2025

Source: J.P. Morgan Asset Management.

08/16/2023

https://apple.news/AKPKp0swiRQ2dwJ82Vhi2Ag

Medicare can be confusing—so many choices, so much jargon. But it pays to do a little homework and pick the plan that’s right for you.

06/01/2023

Men and women may see life after career differently and have conflicting retirement goals requiring candid conversations and informed advice.

05/26/2023

https://vimeo.com/830653471/75d85ec1f5

Watch this week's PCIA market update with Clayton Allison. During this quick video, he uncovers the current state of the market and what's ahead!

05/20/2023

Mortgage brokers, loan officers and real estate agents are sales people, so you'll need to do some research and vet the information you rely on.

02/27/2023

Planning your retirement? Here are some things you should focus on.

Source: The Importance of Being Earnest, J.P. Morgan Asset Management, 2013

11/11/2022

PCIA Weekly Market Update - 11/11/2022
Watch this week's PCIA market update with Clayton Allison. During this quick video, he uncovers the current state of the market and what's ahead!

09/28/2022

https://am.jpmorgan.com/us/en/asset-management/adv/insights/market-insights/market-updates/on-the-minds-of-investors/is-there-a-role-for-private-real-estate-in-my-portfolio0/

What has not come into question is whether investors will need alternative sources of income and diversification. As such, it seems increasingly likely that private real estate will be part of the broader investment conversation in the years to come.