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Evaluating Your Finances as Retirement Draws Nigh BY STEVE BARRETT WHE THER IT'S A SOURCE OF JUBIL ATION OR DRE AD, RE TIREMENT MAY ARRIVE SOONER THAN YOU THINK. RE VISITING YOUR FINANCIAL PL ANS AT CERTAIN INTERVALS CAN MAKE THAT E VENTUALIT Y MORE CHEERFUL AND LESS MENACING. E XPERTS OFFER TIP S for the re-evaluation. Ten years before their expected retirement, physicians should ensure they have a diverse asset portfolio, Rebekah Barsch, Vice President of Planning and Sales for Northwestern Mutual, recommends in an article on medical news website mdlinx.com. Among other advantages, this enhances tax flexibility, according to Barsch. At five years out, physicians should boost the portion of their portfolios devoted to bonds as a way to reduce risk related to market downturns, she adds. Further, access to assets such as permanent life insurance cash values may prevent a physician from having to sell during a downturn. At one year out, physicians ought to sit down with a financial planner to review their asset allocation, Anthony Criscuolo, Certified Financial Planner at Palisades Hudson Financial Group, says in the mdlinx.com article. An extremely conservative approach is often assumed to be the most sensible path at retirement, Criscuolo notes, but that is not necessarily the case, as a physician may have decades left to live. n 059990054_FIN2 copy.indd 1 6/5/19 10:45 AM We don't bank an industry until we can specialize in it. That is why our Amegy Private Banking team meets regularly with healthcare experts to stay on top of issues that can affect your practice. And because no healthcare professional or practice is the same, we offer flexible healthcare-specific products* that cover everything from everyday banking for your practice and doctors to commercial real estate and construction loans. Here, you grow. Rob Lindley, SVP (210) 343-4526 Denise Smith, VP (210) 343-4502 Karen Leckie, SVP (210) 343-4558 Jeanne Bennett, EVP (210) 343-4556 CALL OUR PRIVATE BANKING HEALTHCARE TEAM TODAY Look to the local bank that is focused on your financial well-being. Amegy Bank ® specializes in the healthcare industry. MEDICAL OFFICE BUILDING FINANCING *Product terms and conditions apply. Loans subject to credit approval, restrictions apply. See banker for details. A division of Zions Bancorporation, N.A. Member FDIC. © 2019 Zions Bancorporation, N.A. TA32852_MDNewsHealthcareHeroes_6.875x4.25_v2.indd 1 2/14/18 3:09 PM M D N E W S . C O M /// M D N E W S S A N A N T O N i O ■ 2 019 F i N A N C E ❰❰❰❰❰ 0 5