Retirement the Machiavellian Way

Retirement the Machiavellian Way

When someone says “Machiavellian,” you might think of a lying schemer, a power-hungry politician, or ruthless individual who believes the ends justify the means. But this characterization isn’t quite fair to the political philosopher Niccolo Machiavelli. He gave practical advice to the prince of Florence about how to rule, and was concerned with him being successful, not evil. Possibly his most important piece of advice was to focus on what you can control, not on matters of chance.

We can spend too much time worrying about factors out of our control, like how much money we have to work with, and not enough on figuring out how to best use what we have. When it comes to retirement planning, Americans spend time worrying about the future of Social Security, tax rates, and the market. These are things that would fall under Machiavelli’s category of “fortune,” which people cannot control. The way to win he says, is to focus on “prowess,” and using foresight to protect against bad fortune.

For example, there’s panic about the state of Social Security as its trust funds are expected to be depleted by the year 2034. Learning how to maximize your Social Security benefit, rather than worry about the program’s solvency, can help you in retirement. Deciding when is the best time to take benefits, calculating a spousal benefit, and minimizing taxes are all important parts of a retirement strategy.

The markets are even more unpredictable than Congress, and market downturns can have a particularly devastating effect on those nearing or in retirement. Rather than leave your investments to chance, you can shift to a lower-risk portfolio before you retire. An advisor can help you decide on an appropriate level of risk to help protect and grow your nest egg, whether you decide to invest in stocks, ETFs, Real Estate, or alternative investments.

Part of mastering the Machiavellian method is realizing that you have more control than you might think you do: While you can’t control the future, sometimes you can predict it. We know that right now taxes are relatively low, meaning that they will go up in the future. While you can’t do much to stop this, you can create a retirement plan that takes advantage of this knowledge, by using income planning strategies, Roth conversions, and estate planning to minimize your tax burden in retirement.

Here at Peak Financial Freedom Group, we want you to have a solid plan for retirement that leaves nothing up to chance. We can help you create a comprehensive retirement plan that takes Social Security maximization, tax minimization, and asset protection into account. Click here to schedule your no cost, no obligation financial review today.

Comments (5)

  • Center For Alcohol And Drug Treatment http://aaa-rehab.com Drug Rehab http://aaa-rehab.com Alcohol Recovery Programs

  • Thanks for another informative website. The place else could I get that kind of information written in such a perfect way? I’ve a challenge that I’m just now operating on, and I have been at the look out for such info.

  • Incredible! This blog looks just like my old one! It’s on a completely different subject but it has pretty much the same page layout and design. Wonderful choice of colors!

Leave a Reply

Your email address will not be published.

Peak Financial Freedom Group
2520 Douglas Boulevard, Suite 110
Roseville, CA 95661

DISCLOSURE: All presentation data is provided and intended to be used for general educational purposes only and is not intended as a solicitation for you to buy or sell any financial product. None of the material in this presentation is intended to give you, nor are the presenters engaged in giving you, specific tax, investment, real estate, legal, estate, retirement, or financial advice, but rather to serve as an educational platform to deliver information; nor is it intended to show you how the strategies presented can specifically apply to your own tax, investment, estate, financial, or retirement position, but rather to offer an idea of how these principles generally may apply.

Stocks, bonds, or mutual funds have risks and can lose principal, even with a stop loss, and there is no guarantees of gains, as past performance is not indicative of future positive investment results. The sale or liquidation of any stock, bond, IRA, certificate of deposit, mutual fund, annuity, or other asset to fund a new portfolio and/or annuity may have tax consequences, early withdrawal penalties, or other costs and penalties as a result of the sale or liquidation. You can’t invest directly into a stock market index. A fixed index annuity with an income rider can protect your savings from losses and provide you guaranteed lifetime income, but you could incur surrender charges, gains aren’t guaranteed, you’ll pay a fee, and guarantees are backed by the financial strength claims paying ability of the issuing annuity company.

Illustrations/projections displayed within this presentation are hypothetical in nature and should not serve as the sole determining factor in making financial decisions. Consult with a qualified investment, tax, legal, and/or retirement advisor before making any decisions. By contacting Peak Financial Freedom Group, you may be offered additional information regarding the purchase of financial products. Seminars, radio shows, TV productions, book releases, magazine and book promotions are sponsored, promoted and paid for by Peak Financial Freedom Group, LLC. If you place assets under management with our firm, we are paid an advisory fee, and if you purchase an annuity from our firm, we are paid commissions from an insurance company.

Investment Advisor Representatives of and Advisory Services offered through Fiduciary Solutions, LLC, a Registered Investment Advisor. Peak Financial Freedom Group LLC is primarily a fixed insurance sales organization and provides no Advisory Services. PFFG Insurance Agency LLC, CA License #0N14103, is a licensed insurance agency and provides no Advisory Services. Peak Financial Freedom Group LLC, PFFG Insurance Agency LLC, and Fiduciary Solutions LLC are separate affiliated entities. Insurance products and services provided by PFFG Insurance Agency LLC and independent agents.

Jim Files CA Insurance License #0F06511 Dan Ahmad CA Insurance License #0732913

© 2020 Peak Financial Freedom Group