Professionally Speaking
Retirement Income Planning Is an Ongoing Process
A couple retiring at 65 years of age has a 50 percent chance of at least one spouse living to 90. The prospect of a 25-year or longer retirement makes planning an ongoing process, and setting things up correctly early can have significant benefits, says Raymond James Director of Private Client Group Planning Shannon Reid in this edition of Professionally Speaking hosted by Larry Pugliese.
Understanding the differences between needs and wants – and recognizing the nuances of each – is an important first step. “Advisors and their clients who have already had the savings and accumulation conversation know the next phase is how to take those assets and translate them into a sustainable income stream,” says Shannon.
If you would like to discuss the content of this edition of Professionally Speaking, or if you have questions about your portfolio or the markets, please contact a Raymond James financial advisor.
Shannon Reid
Director, PCG Planning
Raymond James & Associates
In her current role, Ms. Reid is responsible for the strategic development, marketing and management of initiatives and projects that support the goals and objectives of clients and advisors of Raymond James Private Client Group. Ms. Reid leads a small, tightly-focused group as it targets new business opportunities, manages cross-divisional issues and opportunities, and evaluates new products and business models.
Ms. Reid joined Raymond James in June 2007 as Director, Lending and Cash Management and led the complete redevelopment of Raymond James cash management services which included the introduction of a new Raymond James credit card.
Prior to joining Raymond James in 2007, Ms. Reid was a vice president with Goldman Sachs' Investment Management Division and co-managed the Southeast region of the wealth management business. She has experience in wealth management operations and strategy as well as in the development of wealth management solutions for high net worth clients. She has also worked in a variety of operations, strategy and communications roles with International Paper and as a lobbyist with Direct Impact, a leader in grassroots marketing in Washington, D.C.
Ms. Reid holds a M.B.A from Columbia Business School and earned her B.A. in political science and economics from Duke University. She currently lives in Tampa, FL with her husband and four-year old twins.
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Posted November 12, 2010
Recording time: 12:08
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