Smart Retirement

Investment Adviser Representative

My name is Patricia Cathey and I specialize in taking the confusion out of Retirement Planning strategies.

Why do we now need Retirement Income Plans?

It’s unusual, today, for most workers to have a defined benefit pension where they know exactly what their income will be at retirement. More likely, you have been contributing to either an IRA or a 401K plan as well as accumulating other assets along the way. You have been investing for growth.

Unlike the prior generation you now face new issues such as:

Longevity Risk – You may live longer and are likely to need retirement income for 20 or 30 years.
Guaranteed income for life. A 401K or IRA Plan may not guarantee a lifetime monthly income.
Current CD interest rates that have tanked and bond yields that are equally low.
How to take Required Minimum Distributions.
Tax diversification and tax efficiency.

To deal with this, we show you multiple “if this... then that” scenarios to help illustrate important financial concepts that greatly impact the beginning of retirement, such as:

Sequence of returns
Order of withdrawals
Longevity credits

Once you have chosen the scenario that is right for you, we structure an income plan from multiple sources, many you may not know about.

One of our key strengths at Smart Retirement is communication. Our clients participate in a unique and proprietary system with a step by step process that enables us to determine which solution or service they may need in order to help achieve their financial goals. We want clients to understand the steps in the planning process and stay informed along the way. Creating a two-way street paves the way to success for both of us.

I welcome the opportunity to work together with you in order to develop a creative and conservative approach to retirement.

Effective June 9, 2017, all individuals who provide advice to retirement plans, including Individual Retirement Accounts (IRAs), must abide by the fiduciary standard. What does the fiduciary standard mean? This means that your adviser must put your interests first before their own or that of the firm, make prudent recommendations, charge reasonable compensation and make no misrepresentations to you regarding recommended investments. The recommendations made by your adviser must be based upon your specific investment needs and objectives. The fiduciary standard is applicable to any recommendations that your adviser makes to you, the client, for your retirement account. Please note the firm does have policies and procedures in place to monitor this level of fiduciary responsibility for our clients.

Guarantees provided are based on the claims paying ability of the issuing company.