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The COVID-19 pandemic has definitely caused those near retirement to rethink their investment portfolio, a Williamsport-based retirement specialist and investment specialist said.
"I think more people are more concerned with the pandemic," said James O. Moff III, of Moff and Associates, 130 Court St., Suite 205.
The firm's clients are "trying to lower volatility and ease their concerns," Moff said.
"They are asking, 'How can I preserve my investment and turn growth stocks into income to produce and to live on?'" Moff said.
Moff said he can ensure them there will be a "check in the mailbox every week."
Whether through a mixture of bonds producing dividends and interest from those bonds, those who become the associates' clients can afford to be a "little less concerned with the stock market," Moff said.
For 37 years, Moff and his team have helped individuals to reach their retirement and income planning goals.
Since 1984, Moff said he has been committed to providing expert, yet personalized advice for each client's financial, retirement, and income planning.
"We have and always will continue to provide the highest quality of service," Moff said.
"People get too nervous," Moff said.
"I tell them it may be time to get into growth stocks which is always good no matter what economy we run into."
Many of Moff and Associates clients are retired or about to retire.
"We want them to be able to have enough money to live on the rest of their lives," he said. "We show them how to have a nice financial profile with defined benefits."
Since 1998, Moff, also, has ventured into teaching financial strategies. He calls these "Successful Retirement" seminars and teaches them at colleges in Williamsport, Bloomsburg, Towanda, and Mansfield.
"The seminars have been highly praised for their effectiveness and useful information," Moff said.
As a retirement income specialist, he can show how the planning process works from the inside out.
By demystifying the process, Moff empowers clients with the knowledge to plan for a financially independent tomorrow.
Moff makes it his first priority to ensure customers understand the basics of money management.
He will show how investing in a 401(k) or pension funds into tax-advantaged investment vehicles can help protect and build nest eggs.
"You will never have to worry about outliving your money," he said.
"A new client is a friend we haven't met yet."