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2013-09-19T00:00:00.000Z

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Wrong Dennis DeGidio?

Dennis DeGidio

Senior Advanced and Retmt Consultant

Thrivent Financial

Direct Phone: (612) ***-****       

Email: d***@***.com

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Thrivent Financial

Background Information

Employment History

Regional Sales Consultant

Thrivent Financial

Web References (5 Total References)


According to Dennis DeGidio, ...

www.thrivent.com [cached]

According to Dennis DeGidio, Thrivent Financial regional sales consultant, most retirees should put the money they absolutely need over the next three to five years in investments designed to protect capital and produce income (generally between 20 and 40 percent of an investment portfolio).

...
Once you've determined your conservative investments, DeGidio says, the remaining 60 to 80 percent of your total portfolio belongs in investments aimed at growth and income.Stocks, bonds or real estate fall under this description.
DeGidio emphasizes the importance of sticking with the risk level that makes you comfortable."Get some professional advice on how much risk you can take based on your income needs," he says."But stay in the range that's right for you.Maybe you can take more risk, but that doesn't mean you should take more risk," he says.


Unfortunately, this option is also the ...

www.thrivent.com [cached]

Unfortunately, this option is also the least politically and economically feasible, says Thrivent Financial regional sales consultant Dennis DeGidio.

"There's a limit to how much we can raise taxes.You can only take so much out of the income stream and still have a viable economy," he notes.
Instead, it's likely that the age at which future retirees can access either full or partial Social Security benefits will rise.And tomorrow's full benefit may be less than what you might expect.
Now more than ever before, investors should plan to supplement their Social Security income with their own personal investing strategy.To get started, DeGidio suggests that you answer a series of questions: How many years of retirement can you reasonably expect to enjoy? How will you spend your retirement dollars?Traveling and buying a boat will cost more than staying home and gardening. What provision will you make for long-term care expenses or insurance?"If you think long-term care insurance premiums are expensive, you should try paying for custodial care without insurance," says DeGidio.


Thrivent Financial for Lutherans - Planning: Tools and Services - Education Center

www.aal.org [cached]

Now with retirement approaching, says Dennis DeGidio, Thrivent Financial regional sales consultant, you should consider whether your investing strategy matches your future needs.

According to DeGidio, most retirees should put the money they absolutely need over the next three to five years in investments designed to protect capital and produce income.DeGidio says that it's generally between 20 and 40 percent of an investment portfolio.
...
Once you've determined your conservative investments, DeGidio says, the remaining 60 to 80 percent of your total portfolio belongs in investments aimed at growth and income.These might include stocks, bonds, mutual funds or real estate.DeGidio emphasizes the importance of sticking with the risk level that makes you comfortable."Get some professional advice on how much risk you can take based on your income needs," he says."But stay in the range that's right for you.Maybe you can take more risk, but that doesn't mean you should take more risk," he says.


Thrivent Financial for Lutherans - Thrivent Magazine

www.thrivent.com [cached]

"Your company-sponsored plan is a bulletproof tax deduction," says Dennis De Gidio, regional sales consultant for Thrivent Financial.

...
De Gidio warns that if employees change jobs or are downsized, 401(k) loans may be and most often are due in full. That creates an expensive problem if funds aren't available to pay off the loan or make the payments. Since the loan is then considered a premature withdrawal, taxes and penalties are assessed if the employee is under age 591/2.
401k chart "The most important factor in 401(k) investing is making sure your investment decisions complement your overall asset allocation strategy," says De Gidio. "Take a hard look at the investment options in the plan to see how they fit with your risk tolerance and time frame. Then ask yourself: ,Can I sleep at night with the choices I've made?'"
Your Thrivent Financial representative has the expertise to look at all the pieces of your financial puzzle to make sure they mesh with your 401(k) investment choices. Then he or she can recommend IRAs, education savings plans, tax-deferred annuities or other vehicles to meet your long- and short-term savings goals. "This is not a do-it-yourself task," notes De Gidio.
...
De Gidio stresses the importance of seeking the help of your Thrivent Financial representative. "Now, more than ever, employees need to make sure their employee benefit package meshes with their overall financial objectives," says De Gidio.


Thrivent Financial for Lutherans - Planning: Tools and Services - Education Center

www.aal.org [cached]

"If you have $100,000 in your traditional IRA with a hypothetical return rate of 8 percent, compounding interest would generate about $581,000 in required minimum distributions (RMD) for a surviving child based on life expectancy," says Dennis De Gidio, regional sales consultant for Thrivent Financial for Lutherans.

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