Debbie Craig, CFP®, MBA, CRPS®
Debbie lives in Northern Michigan with her husband, Neal. Passions outside of my working hours include riding with Neal in classic cars that he has restored, travelling with her son, Chris on adventures important to him (including Alaska, Netherlands, Baltics, St. Petersburg Russia) and attending a book club with dear friends for the past 10 years. Investments of my time and talent in the not-for-profit sector include our area’s clean water initiatives (Three Lakes Association) and National Association of Mental Health.
In the Detroit neighborhood where I grew up in the 70s, it seemed like everyone else’s parents were set for life with pensions from their jobs with the Big Three. My dad, though, was a small business owner—an independent insurance adjuster, with four branches in Michigan—so he did not have a pension to look forward to. I was always well aware that there was not going to be anybody waiting with a check for him every month at the other end of his career.
About 80 percent of Americans now work for small businesses with fewer than 100 employees. Today, 50 percent of working Americans have no pension, or defined benefits plan. Pensions are now the exception, not the rule. Generally the only people with pensions today are municipal workers—and even this situation is changing.
Most of us working Americans today have to save the money for our retirement on our own. We have to design our own paycheck in retirement. We aim to get to the end of working life with—we hope—a nest egg. But how do we create a “pension” for ourselves with this money for the rest of our life? How can we feel sure that our little nest egg will last as long as we do?
To help my clients answer these questions, I have developed and refined a process that helps remove the anxiety of retirement with anticipation: My Piece by Piece™ retirement income model.
In Piece by Piece™ A Commonsense Approach to a Secure Retirement, I unveil my process for retirement planning in language anyone can understand. The Piece by Piece™ model divides your nest egg into three parts, each with a distinct goal. By knowing there is a plan and understanding the commonsense approach upholding it, you can enjoy you retirement passions and live the life you’ve dreamed.
I invite you to join the Piece by Piece family.
Debbie Craig is the President of Craig Wealth Advisors LLC in Michigan. She obtained her BA in economics from Kalamazoo College and MBA from Northwestern University (JL Kellogg School of Management) and attended the International Institute in Madrid, Spain. She spent 15 years at General Motors and, since 2000, she has been an independent financial advisor holding designations as a CERTIFIED FINANCIAL PLANNER™, a Chartered Retirement Plans Specialist™ and a Retirement Income Certified Professional® (RICP®).