Getting to your Retirement Exit was created out of a passion to share information on how to properly prepare everyday people for their retirement. It was created because one of the most important decisions that would last over the next 20+ years would often be made in less than 24 hours without direction or coaching. Visit our website at www.myretirementexit.com for more information.
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How Playing House Became Real.
How Playing House Became Real.
I never thought this day would
come. Waking up in the hospital bed with one kidney gone and the other
kidney in disarray, how could life had been so unfair was the question that
first came to mind. Heavily medicated, I heard the doctor tell my wife,
“If his other kidney does not wake up in the next 8-10 hours, then he will be
on dialysis for the rest of his life,” and my wife began to cry over my bed.
It was 2011, and playing house had just
gotten real. All I remembered at that time was did I pay the life
insurance premium? Would my wife and kids be okay? Did I prepare my
family financially to run the house in my absence? The only check box I
could make at the time was I had paid the insurance premium, but I could not
say I had answered all the other questions.
My name is Jenny Jones and I am a
Financial Advisor/Survivor. You may be asking what a Financial Advisor/Survivor is. It is a person who is licensed and registered as a Financial Advisor, passionate and zealous about finances, yet who
has escape death twice to live another day to tell because his work is not done yet. This blog will share real and raw
life experiences about finances, and will shed light on real issues surrounding retirement and preparing for it. As a former insurance agent,
stockbroker, college professor, Yahoo! Finance columnist, army veteran, cancer survivor, stewardship
instructor, son, father, and most important, husband I have experienced a great
deal concerning finances over the last two decades. I will share them all here in the blog in hopes that it would help someone else. I was trying to figure out a
way to introduce and share a national crises about retirement planning to more than just my friends and family and I was all out of ideas until someone said start a blog and share the information there. If you were trying to figure out some successful tips to
retirement, this would be a great place to visit often. Thank you for
visiting and see you back soon.
How much money do you actually need to retire? Some retirement calculators say it takes an estimated 1 million dollar retirement nest egg to bring in an average of $40,000 a year as a retirement income. But, in fact, just last month, through research from a science journal published by the Max Planck Insititute for Demographics , the probability of living to 110 years has just increased significantly. Nevertheless, what does that have to do with you, and how much do you actually need to retire? I will address my opening statement first. I have been helping people plan for retirement for over two decades, and I must admit that while most have saved for retirement, less than 15% have amassed a million-dollar retirement portfolio. Does that mean that the existing 85% will live below the poverty line in retirement? I am unsure that this will be the case as some still have pensions, annuities, and untapped real estate wealth not primarily counted on for retirement that may help fill mont
I love talking retirement and rightfully so, as I have been working with clients and their portfolios for nearly 20 years. One thing that was hard for me to understand as a young life insurance agent was why I had to know everything about a client before I started writing their life policy. My manager would always tell me that you have to do confidential questionnaires. My thought as a young agent was why when they wanted insurance, and I want to sell it to them. This type of approach was a win-win for me trying to get a commission. As a veteran in the business for more than 35 years at the time, he said you young kids just do not get it. How do you go into a doctor and tell them your elbow hurt because you bruised it, and they give you some cream and send you on your way, only to discover that you have a fractured bone chip? Now that I am older and around the same age, he was when he started sharing his sage wisdom with me, I truly understand what he was talking about now that I am ol