Robert Riedl Comments on Decision-Making to Simplify Debt Reduction for Retirement
On Tuesday, June 10, 2014, Robert Riedl CPA®, CFP®, AWMA®, Director of Wealth Management, at Endowment Wealth ManagementTM, was quoted in a Marketwatch.com article written by Cliff Goldstein.
Robert commented on the lifestyle decisions that impact the process of investing and what decisions can aid in decreasing the weight of debt while preparing for and living in retirement.
Rob’s contribution to the article included in the following paragraphs:
While much has been written about the impact of human behavior on the process of investing, emotions drive our spending habits as well. Robert Riedl, a wealth manager in Milwaukee, believes it’s a discussion well worth having—on a regular basis.
“It seems most debt options are lifestyle decisions which need to be revisited,” Riedl says. “Do I need the multiple vacation properties, cars and boats, or can I simplify my life and sell off some underutilized assets and reduce my debts? Identify your long-term needs versus wants, and determine what can you afford to maintain and will use in the future. Sell the assets that are too expensive to maintain and underutilized to reduce your retirement debt burden—and enjoy the rest.”
For more information or to set up a private, no-obligation wealth consultation, you can contact Rob directly at firstname.lastname@example.org.
To read the full article: www.marketwatch.com/story/a-realistic-debt-reduction-plan-for-retirement-2014-06-10
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