“Financial Planning” has become a universally used term for salespeople. Unfortunately, when you are building a retirement portfolio, the last thing you need is to be “sold” anything. In an environment that encourages a buy-and-hold mentality, I’ve seen clients sit flat over decades. The Wall Street System has pampered advisors with lavish commissions while doing very little to actively manage the investments. The results have been dismal, with almost every mutual fund underperforming the SP500 while the fees keep Wall Street’s pockets lined. There are three primary pillars of great planning in the retirement market:
Tactical Market Growth
When you need to leave funds in the stock market, the approach should be simple: Find the best money managers on the planet and let them do their job. If they underperform, fire them. As a Registered Investment Advisor, my job is NOT to be the money manager…but to select the best investment tools with you and monitor the performance. I have a very exclusive relationship with Navellier, one of the top ranked ETF management systems in the world. Click here to see performance charts. Our goal together should be simple: Use the best people and pay the smallest fees.
Strategic Income Planning
According to Morningstar, folks who withdraw 6% annually from a stock/bond portfolio for income will run out of money over 50% of the time before life expectancy. Why?! Strategic Annuity designs can ensure that the appropriate amount of income is guaranteed for the entire life span of you AND your spouse. Stock market gurus who’d love to see the fees keep rolling in often criticize these products, but the proof is in the pudding. Most people would much rather have a guaranteed pool of funds than perpetual heartburn as the markets go up and down. The point is…. there is no shame in being conservative, and there is a time and place for a great annuity product in your portfolio.
Wealth Transfer
With almost 80% of the “Baby Boomer” wealth tucked away in IRA accounts, the IRS stands to make a monster profit on all those deferred income taxes. Your loved ones will pay the price if you don’t plan ahead. If you plan to leave money behind as a legacy, or know that you’ll never really spend through your IRA’s, I can show you a way to DOUBLE the inheritance and make it entirely TAX-FREE. Legacy planning is one of the most over-looked areas in our industry, but it yields the most phenomenal results on a guaranteed basis. Here’s the question:
“Would you rather pay taxes on the seed, or pay taxes on the harvest?”
Call Ms. Peters to schedule a consultation for investment discussion or partnership ideas at 888-800-8949.
