Planning for Today’s Retirements
This is not your father’s retirement. Gone are the days of working 35 years or more, only to enjoy just a few years of retirement before passing on. Today’s workers are enjoying 10, 20 and even 30 years of post-career life … making it an entirely different process to ensure they don’t run out of money along the way.
“Clients want to be sure they don’t outlive their money,” says Stephen Kelley, president of Safety First Financial Planners. “Retirement is a scary cliff to go over. We set our clients up for a soft landing.” …Read More
Safety, Security and Low Volatility Are Key
Marra Financial Group Sets Gold Standard for Retirement Income Planning
There is no one “best place” to put your retirement money, because each individual and couple has unique requirements and different tolerances for risk. Yet far too many people have all their retirement money in the market, according to Diane Marra, president and founder of Marra Financial Group. “That places them at high risk, especially in today’s exceedingly volatile economic and political climate.”
The Long Island- and Connecticut-based firm (it recently opened a New Jersey office as well) operates from the standpoint that in order to make sure a client’s money is in “the best place,” individual circumstances must be taken into consideration. This individualization is where Marra Financial Group excels. …Read More
Purpose-Driven Retirement Planning
Good retirement portfolios grow. Great ones grow strategically.
Gar Blake McCray, a financial advisor specializing in the senior market, is challenging traditional thought in retirement planning. He’s unscrambling the nest egg.
Most advisors traditionally use a client’s time horizon and other factors to create a portfolio that guides all investment recommendations into one asset allocation model. McCray contends clients should be dividing monies into separate categories to accomplish different purposes. …Read More
Your Financial Advisor Should Work for You
If you don’t know how much you’re paying for financial services, you’re probably paying too much.
“Unfortunately, finding out how much money you leave on the table is extremely difficult. Fees are often hidden, and brokers can be compensated with generous gifts, trips and other benefits you won’t find detailed anywhere on your statements,” explains Jim Cantrell, CFP®, founder and owner of Financial Strategies, Inc. in Brookfield, Wis., an area where an estimated 77 percent of SEC-registered Investment Adviser Representatives are brokers. “Brokers are employed by brokerage firms, not the investor.”
Cantrell is among a dedicated class of advisors whose compensation comes entirely from fees, not commissions or soft dollars. The 24-year veteran of the financial services industry is active in leadership with the National Association of Personal Financial Advisors (NAPFA), the largest organization of fee-only financial professionals in the world. …Read More
Putting the Pieces Together to
Create a Custom Fit for Clients
Jones & Associates Premier Financial Solutions
David Herstle Jones III sees today’s volatile financial world as a puzzle, one that he and his team are positioned to solve by building relationships, financial
solutions and security through honesty, integrity and service.
The team at Jones & Associates Premier Financial Solutions keeps the client at the center of the process, says Jones, the firm’s president and founder. …Read More
Financial Advice, One Business Family to Another
Financial advisor Regan Rohl’s clients inspire him. “We work primarily with entrepreneurs – risk takers who are energizing our economy,” he says. “It’s our job to help make sure they’re not taking unnecessary risks with their personal assets
and business plans.”
Rohl, who began his financial planning career 25 years ago, founded
Dakota Group Wealth Management and feels a special kinship with entrepreneurs. Growing up on a farm, he now operates his own farm and raises Arabian horses, giving him firsthand experience within the agricultural sector. In addition to Dakota Group, an investment practice with hundreds of millions of dollars in assets under management who clears through Wells Fargo Advisors Financial Network, Rohl and his family own several small businesses in the Upper Midwest. …Read More
Serious Investors Seek Stable Retirement Income
The specter of the economic crash of 2008 looms in the minds of investors approaching retirement. The real trick in retirement planning is navigating the transition from the accumulation phase to the preservation and distribution phases.
“A perfect storm is brewing. Higher taxes, higher interest rates and rising inflation appear inevitable and threaten the value of savings, CDs, managed accounts and annuities,” says advisor and financial investment practitioner Navi J. Dowty, CFA. “The question is not whether your retirement portfolio will experience another major crisis, or even when, but what to do about it.” …Read More
Local Advisor Helps Clients Invest Soundly, Plan Wisely
For pre-retirees and retirees in West Central Michigan who could use professional financial advice from a seasoned industry veteran, they need look no further than their own backyard.
Lynn Reed Jr., president of Reed Financial Services, Inc. and a proud native of this part of the state, has been immersed in the twin realms of investments and financial planning for the past three decades. He takes great pleasure in helping his neighbors bring order to their financial lives, recommending comprehensive, …Read More
A Customized Approach to
A retiring auto worker, in poor health, is offered a choice: keep his pension or accept a $700,000 buyout. Greg Hinkson, CFP®, advises the client to take the lump sum. With proper planning, it can provide the client and his wife a comfortable income and leave an inheritance for their children and grandchildren.
Another couple faces a similar choice. The $500,000 lump sum they are offered is tempting, but Hinkson advises them to keep their $50,000 annual pension because the lump sum is unlikely to generate the same level of income. …Read More
Historical Perspective Informs Investment Strategies
The history of Wall Street from the ’80s to today is rife with chaos (consider the crashes, bubble bursts and recessions of 1980, 1987, 1991, 1994, 1997, 2001 and 2008). This history is also replete with lessons for financial advisors who want to help investors capitalize on market growth and protect their gains in times of crisis.
Financial advisors Roxann Romano and Anthony Catalano, principal partners of the Romano-Catalano Wealth Management Group, have 25 and 30 years’ experience, respectively, in this arena. They’ve witnessed significant market turmoil and internalized its lessons. And they understand how deeply it affects investors. …Read More