Entrepreneur, John Cothrine, has decided to open a new location for his financial services and retirement solutions firm at 810 West U.S. 50, O’Fallon, IL that will focus on serving the clients throughout IL & MO.
Cothrine’s newly expanded agency, Cothrine & Associates will help current & future retirees position themselves to protect and grow their assets using the appropriate financial services.
“I’m honored and excited to expand our offices here in O’Fallon, IL and to continue to serve the community. Over the past 3 years we have hosted nearly 100 free financial education events and bought dinner for nearly 4000 retirees in this community. This office expansion will allow me to protect more families and educate more people than ever before on ‘Following The Green Line’” said Cothrine.
Times are changing and in order to comfortably retire, a person needs to not only grow their assets while they are working, but also protect their money when they retire. During the retirement years, retirees are usually moving away from risking everything to grow their nest egg to a more conservative approach. This philosophy is the cornerstone of Cothrine’s “Follow The Green Line” mantra.
America’s richest generation is recovering from the 2007 financial crisis, and business leaders and major publications are talking about it.
Kevin Knapp, chief financial officer at Career Builder, said in an article for US News & World Report, “We sense that both American households and businesses are more conscientious than ever about their bottom lines, and are consequently looking to skilled professionals to achieve their respective financial goals.”
A story on Bloomberg stated, “Baby boomers started turning 65 in 2011, marking the unofficial beginning of their retirement years. The timing could not have been better for older boomers, who are already part of the wealthiest generation in U.S. history. Since then, the broad S&P 500-stock index is up 91 percent.”
As a recent study in the Journal of Financial Planning shows, wealthy retirees can be very cautious about spending down their savings. This instinct, along with the stock market’s new record, suggests that many boomers are likely to end up with far more money than they know what to do with.
The demand for retirement advice and financial services is growing due to the recovering economy, which has allowed more baby boomers to recover their losses from the 2007 financial crisis. This has cause a large number of retirees to seek a more conservative approach, and the expanded Cothrine & Associates will service that need.
“I have a special place in my heart for the St Louis Area. It is my home and these are my neighbors. It’s my responsibility to help them. Expansion is the only way to do more good for more good people.”