Preparing for retirement should create excitement, not concern. Yet for many, that's not necessarily the case.

According to a recent study, among pre-retirees, 62% are uncertain whether their retirement savings will last forever, and a majority remain wary of the rising cost of health care and what portion of their income will be covered by Social Security.¹

That's where we come in. We use insurance products, such as fixed annuities, and a variety of investment products to help you build financial strategies. From tax-efficient strategies to investment advice to protecting some of your assets, we'll cover as many bases as possible to help you create a strategy that supports your retirement lifestyle and long-term financial goals.

The traditional "withdraw 4% a year and your money should last" rule of thumb just doesn't cut it anymore. Planning for retirement today is much more complicated and, for many, necessitates keeping some assets invested in securities, throughout retirement, in order to provide long-term inflation protection.

What happens simultaneously with taking withdrawals to satisfy your income needs? The answer is often described as a "double whammy," when the account loses value due to distributions and a market decline. Not only can this plausible scenario take place, but it can also take place many times throughout your retirement. Mitigating the "double whammy" effect requires slowing down the distributions and receiving less income or slowing down the market decline by selling out and locking in the losses. Neither of these actions should be part of a long-term retirement plan.

Nye Wealth Management subscribes to a multi-asset management style that preaches a "few eggs in all baskets" approach to investing. Specifically, Nye Wealth Management follows the teachings of Craig Israelsen, Ph.D., who holds a doctorate in family resource management, and his "7Twelve®" philosophy. Craig describes his asset management style as a "diversified investment portfolio with a plan."

The "7Twelve®" philosophy seeks to:

• Produce long-term, equity-like returns with less volatility than an equities-only portfolio
• Minimize frequency and magnitude of losses (compared to an equities-only portfolio)
• Deliver more consistent performance than an equities-only portfolio over rolling three-year periods
• Maintain a consistent portfolio philosophy of broad diversification
• Promote prudent investment behavior by avoiding fads and performance chasing
• Each different mutual fund adds an important dimension to the portfolio because each fund has the potential to behave differently from other funds from year to year. Designing a low correlation portfolio is vitally important in meeting your long-term investment objectives
• Rebalancing regularly is a vitally important element of any multi-asset class portfolio. Very simply, rebalancing is the process of bringing each separate component of the portfolio back to its allotted allocation

Combined with a retirement income plan designed to minimize income risk, Nye Wealth Management's approach to portfolio management can help retirees achieve a greater level of retirement security.