Skip to main content

Fred came to us for his retirement wants and wishes. Could we pull it off?

Comments

Popular posts from this blog

4 Retirement Tools for Planning

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

One Retirement Myth To Be Aware Of Today

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