David Beck Financial Services

Prior to any advisory work conducted outside Oregon, David Beck Financial Services LLC would become registered in that jurisdiction or qualify for an exemption or exclusion to the registration. Conventional Planning asks: How much income will you need in retirement? Traditional financial planning asks you how much you will need to spend in retireme... nt or will assume a certain percentage of your pre-retirement income. If that estimate is wrong by only as much as 10%, you will receive bad advice for how much to save, how to invest the savings, and how much life insurance is needed. And when you think about it, why are you being asked to set the target anyway? Isn't this what you pay the advisor for? The REAL QUESTION is: How much should you be saving? If you think about it, it's clear that the real need is to have a smooth living standard per family member through time. You want a smooth transition between working and retirement. You don't want to starve now to splurge tomorrow or splurge now to starve tomorrow. I use a method called 'consumption smoothing' to mathematically derive how much you can spend each year while maintaining a consistent living standard throughout your life. We all have our own living standard number; most of us just don't know what it is. IT GETS BETTER!Read More