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1021223-00006-00
Jeffery Palmer, ChFC®
Financial Planner
CA Insurance Lic. #0F60729
Cathy Davis
Client Service Specialist
Phone: 828-333-4748
Christina Palmer
Client Service Specialist
Phone: 828-333-4747
christina.palmer@prudential.com
Gaylen Allen
Client Service Specialist
Phone: 828-575-1250
Jaclyn Schmitz
Client Service Specialist
Phone: 828-333-4139
The Palmer Group
603 Alliance Court
Asheville, NC 28806
Phone: 828-687-8818
Fax: 828-687-4482
Website: jeffpalmergroup.com
July/August 2026
Mid-Year Retirement Check Up
As summer arrives, it's a good time to review your retirement savings strategy and make adjustments if needed. Here's a look at some important areas to evaluate:
Your Goals
Consider whether your retirement date, health, and expected spending in retirement have changed. You might be willing to accept a lower standard of living to retire sooner. Alternatively, you may plan to travel more in retirement, which could require additional savings or a later retirement. If your goals are flexible, your strategy should adapt accordingly.Your Contributions
How much are you putting away toward retirement? Is the amount sufficient to help you reach your financial goals in retirement? If you are coming up short, contribute a little extra to your retirement plan. In 2026, you may contribute up to $24,500 annually, plus an extra $8,000 if you are at least age 50. And if you contribute to a 401(k) plan, your contributions are tax-deferred.Your Investment Mix
Many near-retirees take a more conservative approach with their investments as they get closer to their target date. You might want to consult a financial professional to ensure your investment strategy aligns with your goals, risk tolerance, and timeline.Your Debt
One effective way to boost your disposable retirement income is to eliminate as much debt as possible before your big day, starting with credit card balances. If you're accustomed to buying a new vehicle every few years, consider keeping it longer after paying it off. The money you save can be used to pay down other debts.Your Retirement Income
How much you save for retirement and how much you can spend are two different things. That's because taxes can significantly impact your disposable income. Downsizing your home or even renting can reduce the real estate taxes you'll pay. If you're open to moving, you might consider states with favorable tax policies on retirement income and Social Security payments. Or, if you qualify by income, think about opening a Roth IRA with tax-free withdrawals in retirement.1096658
Jeffrey Palmer is a Financial Planner with, and offers securities and investment advisory services through LPL Enterprise (LPLE), a Registered Investment Advisor, Member FINRA/SIPC, and an affiliate of LPL Financial.
LPLE and LPL Financial are not affiliated with The Palmer Group.
This newsletter is general educational information provided by a Prudential Financial Professional and is not intended to market or sell any specific products and services, but rather provide general information about the subject matter covered only.
The Palmer Group and LTM Marketing Specialists LLC are unrelated companies. This publication was prepared for the publication’s provider by LTM Client Marketing, an unrelated third party. Articles are not written or produced by the named representative.
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