Life throws a lot at us. We all have daily stressors, but sometimes we face life-altering experiences. This is certainly true in the case of chronic illness, the death of a spouse, or divorce. In each of these cases, in addition to the mental and physical strain, there are financial decisions to be made.

Patina Wealth has done retirement planning for clients who are several decades away from retirement and for new clients who are already in retirement. As you can imagine, most clients are trying to answer the same question: “Am I on the right track for my savings to outlast me.”

The U.S. stock market began the year how it ended 2023, with a steady climb upward absent any material pullbacks. In January and March, Federal Reserve Bank (“Fed”) minutes, along with public comments from Jerome Powell and others, confirmed that additional rate hikes were unlikely and that rate reductions were the probable next move.