The Zelniker Dorfman Carr & Heritage Group, UBS Financial Services, Inc., 941-364-7271

In the December 2021 edition of SRQ Magazine, we interviewed Scott D. Zelniker, CRPC®, CRPS® Senior Vice President–Wealth Management Private Wealth Advisor Senior Portfolio Manager at The Zelniker Dorfman Carr & Heritage Group, UBS Financial Services Inc. Private Wealth Management. Below is an excerpt published in the In Conversation marketing feature in which Scott shares his insight with SRQ readers on the financial strategies of planning for retirement.

For those people who do have a retirement portfolio with you, what is the conversation like when it comes to risk? 

There are three buckets of peoples' money. There's liquidity, there's longevity, and there's legacy. So using those three buckets, we'll say to people, "In your liquidity bucket, you can't put in a retirement plan because you're not going to be able to access that money penalty free until 59 and a half. So we want you to have enough money outside of a retirement plan where you could still grow it for retirement, but we want to keep it available to you for your liquidity needs. When we talk about your longevity, money you're going to need after retirement, that longevity bucket is what we want to grow for that time frame when there’s not a paycheck anymore. Then people reach a third stage where we start talking about legacy. Is the goal to leave all your money to your kids if you have kids? Is your goal to leave some money to the kids, some to charity? Do you have philanthropic intent now versus when you're no longer here? We try to get people thinking of those three buckets because each one has a distinct strategy as to what we're going to be doing with it. 

The Zelniker Dorfman Carr & Heritage Group, UBS Financial Services, Inc., 941-364-7271

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