Your Retirement Belongs To You

The bull market has raged since the financial crisis of 2008. The return on your investments have been exciting since then. Now it is a question of how often the market will fluctuate during your retirement, increasing your chance for financial ruin the longer you live. Will you continue to pay your adviser while your principal investment is lost?

The Everest Issue

Retirement goals are like reaching the summit of Mount Everest. Once You reach the top, well, now you need to come down.

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Captains Announcement

Captain of the plane announces that there will be heavy turbulence, with high winds during flight with only a 43% chance of landing. Would you stay on that flight?

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Mailbox Money

Receiving multiple sources of income is vital to a successful retirement. Regardless of how the market is preforming wouldn't be nice to know that you will receive your money?

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Protected Income

Prioritize Income

Consistent Cash Flow

Over Exposed

H.R. 1994 - The SECURE Act

What is the SECURE Act?

The SECURE Act (Setting Every Community Up for Retirement Enhancement) is federal legislation that was signed into law on Dec. 20, 2019 and that went into effect on January 1, 2020. The major elements of the bill that impact individuals with retirement savings include:

Raising the minimum age for Required Minimum Distributions from 70½ years of age to 72 years of age.
Eliminating the so-called IRA “stretch” option by requiring non-spouse beneficiaries of inherited IRAs to withdraw and pay taxes on all distributions from inherited accounts within 10 years.
Allowing workers to contribute to traditional IRAs after turning 70½ years of age.
Allowing individuals to use 529 plans to repay student loans.
Making it easier for 401(k) administrators to offer annuities.

Learn More

The full act can been read here.

New Times Call For New Measures

Last year, at a summit for Thinkadvisor, Ted Benna, the "father of the 401(K)", said "I think the next one will be worse. It's a scary time. In this country, we're in worse condition financially than we were pre-2008.".

3-Step Formula for a Successful, Stress-Free Retirement.
1. Build An Asset & Income Inventory List
2. Create a Retirement Spending Budget
3. Maximize Your Protected Income
What Is The Best Way To Build An Asset & Income Inventory List?

While there are many ways to catalog your assests we have simplified the process. By downloading our Wealth Assessment (HERE) you not only have a comprehensive inventory list but you may also email it to us and we will provide you with a personalized retirement analysis for you to use.
What Is Meant By Protected Income?
3 Characteristics of Protected Income
1. Guaranteed for Life*
2. Does not reduce due to unfavorable stock market conditions
3. Systematic payments (mailbox money)
*Based on claims paying ability of provider
What Kind of Protected Income Should I Have?
The 3 primary sources of Protected Income are
1. Social Security
2. Pensions
3. Annuities

According to the U.S. DEPARTMENT OF THE TREASURY website "As boomers approach retirement and life expextancies increase, income annuities can be an important planning tool for a secure retirement," said J. mark Iwry, Senior Advisor to the Secretary of the Treasury and Deputy Assistant Secretary for Retirement and Health Policy. "Treasury is working to expand the availability of retirement income options for working families. By encouraging the use of income annuities, today's guidance can help retirees protect themselves from outliving their income."

You might be surprised to learn that from 1980 through 2015, participants in defined benefit pension plans fell from 38% to 15%.*

Your Social Security benefits are not intended to be your only source of income when you retire. On average, it will only account for about 40% of your annual pre-retirement earnings. Savings, investments, pensions, or retirement accounts will need to make up the shortfall to ensure you have enough to live comfortably when you retire.

Planning for the long game is essential for a successful retirement. The longevity risk factor increases as you grow older and the potential for outliving your retirement income becomes more of a concern. Establishing the proper protected income cash flow now can eliminate the stresses of having enough as you age.

*Bureau of Labor Statistics