What Is Your Number?
Jerry Davidse describes the process of 'finding your number,' the financial resources needed to support your goals across a range of market conditions. He walks through how Presilium brings together investments, income, Social Security, and other resources, then stress tests the resulting plan so it can withstand different economic environments.
Jerry Davidse describes the process of 'finding your number,' the financial resources needed to support your goals across a range of market conditions. He walks through how Presilium brings together investments, income, Social Security, and other resources, then stress tests the resulting plan so it can withstand different economic environments.
Key takeaways
- Finding your number starts with a conversation about your vision for retirement, family gifts, charitable giving, and other long-term goals.
- The process brings together investments, income, savings, Social Security, pensions, real estate, and taxes into one overall picture.
- Stress testing the plan against a range of market and economic conditions helps evaluate its flexibility and resilience.
- Finding your number is about identifying what is enough to support your goals, not about accumulating as much money as possible.
Hi friends. One of the most valuable things we do for our clients is determine how much they need to confidently achieve all of their financial goals. We call this finding your number. Your number represents the financial resources needed to support the life you want to live and accomplish the goals that matter most to you across a variety of potential market conditions.
Finding your number begins with a conversation about your vision for the future. For many people, that means maintaining the lifestyle they enjoy throughout retirement. It may also include helping children or grandchildren, making meaningful gifts to family, supporting charitable organizations, purchasing a second home, traveling, or leaving a lasting legacy.
Once we understand your goals, we estimate how much they may cost, when the money may be needed, and how inflation could affect those costs over time. We then bring together every part of your financial life, including your investments, income, savings, Social Security, pensions, real estate, and taxes to create a clear picture of where you stand today and the path ahead.
Next, we stress test your plan across a wide range of market and economic conditions. This allows us to see how your strategy may perform during strong markets, periods of volatility, changing inflation, and a long retirement. The goal is to build a plan with the flexibility and resilience to keep you moving forward as circumstances change.
Once we've identified your number, we evaluate the most effective ways to help you reach it while managing taxes and investment risk. Finding your number is not about accumulating as much money as possible. It's about knowing what is enough to support the life you envision and creating a thoughtful strategy to make that vision a reality.
When you know your number, you gain more than a financial target. You gain clarity about where you are going, confidence in the decisions you make, and the freedom to focus on what matters most to you and your family. Thank you, and I look forward to talking with you next Friday morning.
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