Smart financial advice from local experts.. Dollars & ense Tools Are Great for Father's Day-and for Investors If you're a dad, you may well be pleased to unwrap some tools as Father's Day gifts. Of course, it might be a stereotype that all men are handy at repairs; wom- en certainly can be every bit as good when it comes to building and fixing things. In fact, the construction process is valuable for anyone to learn- and the same skills that go in to creating and mending physical ob- jects also can be applied to financial projects-such as working toward a comfortable retirement carry out that strategy. These in- Diagnosing the challenge vestments include those youve A good craftsperson knows placed in your IRA your 401(k) that the first step toward ac or other employersponsored complishing any outcome is to retirement plan, and those held outside your formal retirement Here are a fewofthose skills: assess the chalenge. So, for ex ample, if you want to build some accounts. Ideally, you want a bookshelves right into the wall diversified mix of investments you'l need to locate the wall capable of providing growth studs, detemmine if you have potential over time, within the adequate space for the shelv context of your individual risk ing you want and allow room tolerance. for future expansion. Similarly, if you want to retire at a certain age, you need to consider the bookshelf, you occasionally key variables: your current and may need to make some mi- future income (How much can nor adjustments or repairs in Review your work Once you've finished your you count on from your retire- ment plans? where you'll live other issues that can develop- (Will you downsize or relocate? over time. As an investor, you Will you rent or own a house or also may need to tweak your condominium?) And what you'l financial strategy periodical- do as a retiree (Will you trav ly and adjust your inwestment el extensively or stick close to home? Will you do some type something is broken, but to ac of work for pay or pursue your commodate changes in your hobbies and volunteer Assembling the right tools and materials To put together your book tolerance may change, and this shelf, you will need the right needs to be reflected in your ar- tools-saw, hammer dril, sander rayof investments and so on-and the right build- ing materials plywood, nails, an annual portfolio review screws, glue, brackets, mold with your financial professional ings and so on. And to work to- should be a priority ward a comfortable retirement you'll also need the right tool-in Day, But the construction-relat- the form ofa long-term financial ed tasks they represent, phys- strategy, based on your specific icaly and symbolically, go be- retirement goals, risk tolerance yond any one holiday and can and time horizon along with be used by anyone interested in the appropriste materials- the working toward a solid financial mix of investments you use to future. response to slippage, cracks or mix not necessarily because life, such as a new job, new fam- ily situation and new goas. Fur thermore, over time, your risk Consequently conducting Tools are a big dealon Father's Joe Peacock, AAMS® Financial Advisor www.edwardjones.com Member SPC 453 First Street Menominee, Mi 49858 906-863-7870 Edward Jones MAKING SENSE OF NVESTING Smart financial advice from local experts.. Dollars & ense Tools Are Great for Father's Day-and for Investors If you're a dad, you may well be pleased to unwrap some tools as Father's Day gifts. Of course, it might be a stereotype that all men are handy at repairs; wom- en certainly can be every bit as good when it comes to building and fixing things. In fact, the construction process is valuable for anyone to learn- and the same skills that go in to creating and mending physical ob- jects also can be applied to financial projects-such as working toward a comfortable retirement carry out that strategy. These in- Diagnosing the challenge vestments include those youve A good craftsperson knows placed in your IRA your 401(k) that the first step toward ac or other employersponsored complishing any outcome is to retirement plan, and those held outside your formal retirement Here are a fewofthose skills: assess the chalenge. So, for ex ample, if you want to build some accounts. Ideally, you want a bookshelves right into the wall diversified mix of investments you'l need to locate the wall capable of providing growth studs, detemmine if you have potential over time, within the adequate space for the shelv context of your individual risk ing you want and allow room tolerance. for future expansion. Similarly, if you want to retire at a certain age, you need to consider the bookshelf, you occasionally key variables: your current and may need to make some mi- future income (How much can nor adjustments or repairs in Review your work Once you've finished your you count on from your retire- ment plans? where you'll live other issues that can develop- (Will you downsize or relocate? over time. As an investor, you Will you rent or own a house or also may need to tweak your condominium?) And what you'l financial strategy periodical- do as a retiree (Will you trav ly and adjust your inwestment el extensively or stick close to home? Will you do some type something is broken, but to ac of work for pay or pursue your commodate changes in your hobbies and volunteer Assembling the right tools and materials To put together your book tolerance may change, and this shelf, you will need the right needs to be reflected in your ar- tools-saw, hammer dril, sander rayof investments and so on-and the right build- ing materials plywood, nails, an annual portfolio review screws, glue, brackets, mold with your financial professional ings and so on. And to work to- should be a priority ward a comfortable retirement you'll also need the right tool-in Day, But the construction-relat- the form ofa long-term financial ed tasks they represent, phys- strategy, based on your specific icaly and symbolically, go be- retirement goals, risk tolerance yond any one holiday and can and time horizon along with be used by anyone interested in the appropriste materials- the working toward a solid financial mix of investments you use to future. response to slippage, cracks or mix not necessarily because life, such as a new job, new fam- ily situation and new goas. Fur thermore, over time, your risk Consequently conducting Tools are a big dealon Father's Joe Peacock, AAMS® Financial Advisor www.edwardjones.com Member SPC 453 First Street Menominee, Mi 49858 906-863-7870 Edward Jones MAKING SENSE OF NVESTING