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The Distribution Phase...
Considering the hiccup caused by the pandemic and its destructive affect of the shut downs of certain sectors of our economy, many are wondering if their advisors recommendation of using bonds for a conservative balance is really the way to go. Also, defining the difference between saving and investing conservatively has become a subject many advisors want to avoid.
These issues have thrown a wrench in the works of the "income portfolio (the old four percent withdrawal strategy adjusted for inflation) concept" that is commonly used by retirees and conservative investors for current expenses. You can imagine a financial salesperson on the phone with Grandma telling her to hang in there when she has resorted to a decision between food and medicine.
The prevailing wisdom has espoused that ones asset allocation should gradually become more conservative as we approach the end of our working years. The type of savings or investment vehicles we use will often change along with our risk tolerance. While the choices for a safe guaranteed way to grow our savings may seem limited there are some viable alternatives that are often overlooked. Just as there have been advances in the medical and technology sectors of our economy, there also have been improvements and changes in the financial/insurance arena as well.
Other Considerations...
Fee vs. Commission, Pension Plans, 401k Plans, Self Directed Investing, Asset Allocation, Risk Tolerance, Opinions of Media Personalities, An Expert in Your Corner...
The Three Major Financial Battles...
The quickest way to get ahead is to win the three major financial battles. One might be surprised to know that only seven out of a hundred people are successful at providing for themselves financially age at age sixty five, having a choice of if they want to work or not. Most of these folks had good jobs making good money, they didn’t plan to fail, they just failed to plan.
Bank on Yourself...
A famous man once said, “Compound interest is the eighth wonder of the world… He who understands it, earns it, and he who doesn't, pays it”, that man was Albert Einstein. Sometimes we need to take a second look at what we think we see, or do a "second take" regardless of what we might have heard elsewhere.
Medicare Supplements and Long Term Care...
One thing that I have noticed during the decades in my profession is that most people have a tendency to procrastinate on matters when it is not an immediate need, like contingency planning for an extended illness or disability, or long term care. Most peoples eyes glaze over when statistics are mentioned, and the statistics really are insignificant unless you or a loved one needs these services, that will be paid for one way or another.
About Us
A note from Bill...
What makes you different? Approaching my third decade in my profession I had to ask myself that question. It's something that helps to define yourself to others as well as focusing efforts on was has worked for you in the past. While the choices for a safe guaranteed way to grow our savings may seem limited there are some viable alternatives that are often overlooked.
A big way my practice is different is that we generally focus on those who are approaching the end of their working years, are in touch with their risk tolerance, and know they want to take steps to systematically adjust their asset allocation to a more conservative stance to protect what they have. They do not want to lose ground but they still want a decent rate of return.
Committed to Service
Every successful strategy starts with a client relationship. Our mission is to exceed our client’s every expectation. If you would like to visit, and go through the fact finding process we can suggest valuable strategies that will help you reach your goals and secure your vision of the future.