Walnut Creek, CA (PRWEB) February 22, 2015
Pat Vitucci, a Bay Area Independent Financial Advisor, suggests that there are three main financial dangers facing boomers today.
"The first danger is that people are simply living much longer than in years past," said Vitucci.
"It's no longer retire at age 65...go on a cruise at 66 and die at 67. So if people live into their 90s or even 100, will their 401K or other retirement investments last a lifetime?"
"Secondly, an inheritance from parents isn't as common because parents are living much longer as well and they will need the money. They earned it."
"And finally, of course, the big elephant in the room is healthcare. Those costs can cripple a retirement plan in a hurry, so boomers should have some sort of a plan for that," continued Vitucci.
Pat Vitucci hosts "YOUR FINANCIAL LIFE" , an hour long radio program heard throughout the Bay Area on Saturdays, 8-9am on KKSF Talk 910 in San Francisco, KSRO 1350AM in Santa Rosa and KDOW 1220AM in Fremont. The program is also heard on Mondays at 6PM on KDOW.
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About Pat Vitucci
Independent financial advisor Pat Vitucci has appeared on several radio and television stations in the greater San Francisco Bay Area for over 20 years, providing financial education. He also conducts seminars with well known media personalities and other specialists in the financial industry.. Pat has also lectured at many organizations, both civic and fraternal, and at numerous corporate-sponsored events.
Pat’s mantra—“Don’t Invest And Forget”™—is not only the title of his book, but it is also the foundation of Vitucci & Associates Insurance Services. Additionally, it’s a reflection of how he manages his investments with an active asset allocation method of continually evaluating and redeploying clients’ portfolios based upon changing market conditions.
Pat Vitucci has been an active leader in the financial services industry for more than 30 years. He has served in various capacities in his corporate life, including being President of Broker Relations and President of a subsidiary of a major financial corporation. He lives in Alamo and studied at Monmouth University in New Jersey, where he earned a Bachelor of Science degree in Economics.
He is President and CEO of Vitucci & Associates, with headquarters in Walnut Creek and other offices throughout the Bay area.
Securities and advisory services offered through National Planning Corporation (NPC), member FINRA, SIPC, and a Registered Investment Advisor. Pasquale Vitucci, CA Insurance Lic. # 0758212, is an Endorsed Agent of Vitucci & Associates Insurance Services CA Insurance Lic. # 0I06319. Vitucci & Associates Insurance Services and NPC are separate and unrelated companies. . 93042