Justin Jacobs, Financial Advisor at Morgan Stanley

"A simple retirement planning truth"

Retirement planning isn't an age. It's a math problem with emotions.

The math: income needs, taxes, inflation, longevity.
The emotions: fear of running out, guilt about spending, uncertainty about timing.

Good planning respects both.

If you're within 10 years of retirement, the question isn't "How aggressive should I be?"
It's: "How many different ways can this plan succeed?"

"3 numbers worth knowing this quarter"

Three numbers I like clients to keep handy (and why):
1. Savings rate (what you control)
2. Emergency runway (how resilient you are)
3. Required spending (what your plan must cover)

Markets move. Life moves faster.

If you know these three, you make better decisions under pressure

"Rock bottom became the solid foundation in which I rebuilt my life." — J.K. Rowling

WEBINAR: The Fundamentals of Investing

Learning the Basics of Creating Your Portfolio
Investing can be complicated and overwhelming. Understanding the fundamentals of investing can help you make sense of the risks and opportunities associated with investing so you can make more informed – and more confident – decisions about your portfolio.

Join us for an informative webinar, where we will explore:
• The major asset classes
• The basic tenets of investing
• The importance of asset allocation and diversification
• How to bring it all together in a portfolio that helps you achieve your financial goals

Date: May 19th, 2026
Time: 3pm EST

US equities gained Wednesday on renewed hope of an end to the US-Iran conflict. Read more in the 1% Move report.

The 1% Move: May 20, 2026 morganstanley.com