videos Archives

Total Fees – You Are Probably Paying Lot More Than 1% Per Year

Written on August 23, 2021.

Do you really know the total fees you’re paying to have your assets managed? 1 percent is the typical advisor fee. An additional 1 percent is the typical money manager fee to manage your assets.

According to the New York Times, 1.23 percent is an average mutual fund expense…. you can find it listed in your prospectus. Add to this a 1.44 percent average mutual fund trading cost, which is, according to Forbes, a hidden cost at the mutual fund level, incurred when each mutual fund manager buys and sells stocks and/or bonds in the portfolio.

Have You Had A Risk Stress Test Performed On Your Portfolio?

Written on August 2, 2021.

You can’t suffer a big loss to your savings now you’re retired or nearing retirement, you might not make it up, and you could run out of money. Most retirees we meet with are taking far more risk than they thought and could lose twenty to fifty percent of their savings. Even if you have a diversified portfolio, you could lose a lot, so you should have a risk stress test on your portfolio. You need to know how much risk you’re taking right now before you suffer a big loss because then it would be too late.

The Most Important Thing About Retirement Success

Written on July 26, 2021.

The single most important way to achieve retirement success is to have an actual written plan. You can’t buy a home, get a mortgage, buy a car, open a bank account, get health insurance, or even get married without having all the details in writing. So why would you let your advisor invest 1 million dollars or more of your money without everything in writing?

It’s because your advisor said don’t worry, everything will be OK. Why would you take someone’s word for this? You can’t know for certain everything will be OK unless you have an actual comprehensive written plan. Your statements don’t count.

7 Rules for Business Owners to Have a Successful Retirement

Written on June 7, 2021.

Business owners work day and night for a long time to build their business and make it successful. The business generated you a considerable amount of income every year, but, at some point, you know you’ll make an “Exit.” So the big question is how to turn the sales proceeds from your business and savings into dependable retirement monthly paychecks that will last for as long as you live so you don’t have to worry about running out of money? All you have to do is follow 7 Simple Rules.

Have You Ever Had Your Entire Portfolio Analyzed?

Written on April 26, 2021.

No matter how much you’ve saved for retirement, whether on your own or with an advisor, you can never be completely confident of your finances without having your entire portfolio analyzed. You may have stocks, mutual funds, maybe some bonds, and perhaps you’ve even been told you’re diversified and don’t have too many risks.

But, do you know for certain, 100 percent, that your portfolio will be okay if the stock market crashes? Unless you’ve had your entire portfolio analyzed, the answer is most likely no. The best way for you to be confident of your portfolio is to place it under a microscope and have a total portfolio audit. A total portfolio audit will:

Warning Signs About Your Money

Written on April 19, 2021.

Most retirees who have saved a significant amount of money for retirement rely on a financial professional to help them make the best decisions with their money. What your advisor does, and says, will tell you if you should feel confident with his/her advice. Here are some telltale warning signs:

#1- You don’t have a comprehensive written retirement income plan, nothing is in writing.

#2- You are told to “Ride It Out” or “Hang In There” when you are suffering through large losses.

#3- Your advisor acts like your dad, he/she acts like your money is their money.

Are You Blind to Your Own Possible Financial Future?

Written on April 12, 2021.

Have you been led to believe that everything is great in your finances? Maybe you trust your advisor who says everything is okay. Perhaps you believe the news that everything is okay because the stock market keeps hitting all-time highs? Maybe you’re an optimist and just believe things will work out somehow and nothing bad will happen?

Here is your wake-up call: You can’t plan and handle your retirement finances this way. You’re putting your finances, and your family’s finances in jeopardy by hoping that you’ll get lucky.

Your Advisor is Not Your Friend

Written on March 22, 2021.

One of the biggest mistakes one can make is thinking of your financial advisor as your friend, instead of looking at it as a business relationship to provide you with sound financial advice.

A friend would actually listen to you when you say you want to take less risk.

A friend wouldn’t put in writing how much risk you’re really taking.

A friend wouldn’t put in writing, how much you could lose in the next stock market crash.

A friend wouldn’t tell you not to worry and ride out all stock market losses.

A friend wouldn’t put all the fees you pay in writing, even the hidden ones.

Are You Having to Handle Money All By Yourself?

Written on March 15, 2021.

Whether you are divorced, widowed, or a lifelong single person, planning your retirement finances and having to handle money all by yourself can be extremely challenging when you only have yourself to rely on. You only have one Social Security, maybe a pension, and the assets you as an individual have saved.

Establishing a written plan is crucial to ensuring your future financial success. A solid written financial plan should include the following:

An Income Plan detailing how much income you will receive each year and where each income source comes from so that you can be confident knowing your income will not run out.
A Risk Analysis stating how much risk you’re taking currently and how you plan on eliminating or managing any possible large losses to your savings.
A Fee Analysis showing how much you’re paying in fees, both direct and hidden, as well as a way to reduce them.

How To Reduce Your Fears About Your Money & Retirement

Written on March 8, 2021.

If you’re retired or near retirement, we can help reduce your fears about your money and retirement.

We can create a written retirement income plan for you that will serve as a roadmap, like navigation in your car, to make sure you don’t get lost during retirement.

We can help eliminate your fear of running out of money by helping you create dependable income guaranteed for life.

We can help you protect and grow your assets without taking excessive risks, by using multiple, conservative asset strategies, making sure you don’t lose what you’ve worked so hard for.