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Brian Korienek Discusses 5 Smart Steps in Developing a Secure Retirement Plan

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Picture of Brian Korienek, Vice President of Wealth Management at Goldstone Financial Group

Brian Korienek is a fiduciary advisor who holds a Series 7 and 66 license as well as an Illinois life and health insurance license. He is the vice president of wealth management at Goldstone Financial Group and a partner. Korienek has made appearances on the Securing Your Financial Future radio show on WLS 890AM and Fox 32 Chicago. Before assuming his current job as Vice President of Wealth Management at Goldstone Financial Group, Korienek worked there for more than nine years as a Senior Associate Advisor. Before working at Goldstone Financial Group, he was a financial counselor at McAdam Financial Group and an analyst at the Chicago Board of Trade.

5 Smart Steps in Developing a Secure Retirement Plan:

Step 1 in creating a secure retirement plan is finding the right advisor. This person should be someone who you trust and can talk to about your money. A good advisor will help you come up with the best plan for your retirement, like helping you decide how much money to save and how to invest it. They should also understand the laws that protect your investments, so they can help make sure your money is safe. Finding an experienced advisor with proper licensure that works with a company that follows strict rules can also give you peace of mind.

Step 2 in creating a secure retirement plan is to set a retirement goal. This will help you determine how much money you need for your desired lifestyle, and when you want to retire by. You should also consider whether you would be able to continue working part-time or if taking Social Security benefits at age 62 would make more sense. If needed, work with your advisor to come up with the most beneficial goal and timeline tailored specifically for you.

Step 3 in developing a secure retirement plan is assessing all sources of income available in retirement. These might include Social Security, pensions, annuities, and investments. Your advisor can help you determine the best option for your given situation, so work with them to make an informed decision for your retirement plan.

Step 4 is reviewing all accounts that will be used in retirement. This includes 401Ks, IRAs, Roth IRAs, annuities, and other taxable accounts. Your advisor can help you decide which accounts are most beneficial for you, and how you should position them to maximize their value for your retirement portfolio.

Step 5 in creating a secure retirement plan is to review your plan and make adjustments. This means checking your investments, income sources, and accounts every year to make sure they are still working for you. If something changes in your life, like getting a new job or having a baby, you should talk to your advisor about how that affects your plan. The goal is to keep growing your money while keeping it safe so that you can have enough when it’s time to retire.

For anyone wanting to plan for a secure and fulfilling retirement, they should start by finding the right advisor. Next create a retirement goal, assess all sources of income available at retirement, go through a thorough review of all accounts that will be used in retirement, and lastly, review the plan created and make any necessary adjustments.

Brian Korienek began his work in a role requiring numerical analysis in relation to commodities pricing after getting his Bachelor of Business Management from Depaul University. Korienek liked what he did, but he knew he would be more productive in a position where he could talk to clients directly. He needed to work for a company that would provide him the autonomy and resources he required to provide the best service to his clients. Because they act as Registered Investment Advisors at Goldstone Financial Group, the consultants are held to a higher threshold of accountability than non-fiduciary advisors (RIAs). Law mandates them to give clients’ needs priority above adhering to a set list of corporate goals. To help their clients achieve their objectives they must make use of all financial resources. Brian Korienek assists his clients in creating strategies for a rewarding retirement and achieving financial independence by focusing on risk management and wealth preservation. To learn more about retirement planning, please visit: https://goldstonefinancialgroup.com/

Disrupt Magazine features many helpful articles on financial planning and the business community. Some others you might find interesting are:

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Sabrina is an LA-based blogger who writes about interesting entrepreneurs with unique business ideas. She is a graduate of San Francisco State University with a major in Marketing.

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