
(May 28, 2024)
Tristan Pacleb works for Revolution Financial Management, a nationwide financial educational and advisory company headquartered in Nashville, TN, focused on helping working-class families, an underserved marketplace. His office is in Gardena. Many middle-class people have insufficient knowledge on managing short-term and long-term savings, insurance protection, debt solutions and wealth preservation. People need sound strategies on saving money for future financial success, reducing debt, protecting what is most valuable to them, and helping entrepreneurs create income streams.
Retirement support is shifting away from employer-provided pensions and more towards Social Security and personal savings. After paying for living expenses, taxes and debt management, saving enough for retirement is difficult for middle-class people. Managing your money involves more than just making and following a budget. A well-structured insurance strategy can help protect your family from financial consequences of unexpected events. It’s important to strike an appropriate balance between work and leisure, and consider steps to potentially accumulate the money you’ll need for the future.
He described the rule of 72, the number which can be divided by the annual return in percent to calculate the number of years needed for an investment to double its value. Investment returns of course fluctuate, and investing also involves risk including potential loss of principal. Also consider the effect of tax categories on saving: taxed annually, tax-deferred until withdrawal, or tax-advantaged during accumulation and distribution. Estate management includes personal affairs while you're alive as well as control of the distribution of wealth upon your death.
To take a serious look at your present and future financial situation, make an appointment with a financial-management associate. Tristan Pacleb is available at TristanPacleb@gmail.com or (310) 897-1367 (located at 1515 W 190th St, Gardena). The company website is https://www.financialrevolution.com/tristanpacleb. It has online financial information resources including finance calculators and investment and tax information.