Early Retirement? Are You Prepared to Act Quickly?

Have you ever heard of an accumulation strategist? How about a distribution strategist? Those are two phrases used when talking about saving for retirement.

Most of us talk about financial planners in general, they're all over the place - serving many different financial issues. But what makes me unique as a financial planner is how we work with our clients.

Let me share with you a story of an accumulation client, turned distribution client. He has been fortunate to have chosen to retire from General Motors after 37 years of employment as a salaried employee. He made that decision very quickly, in fact within a period of two weeks. What prompted him to act so quickly was that General Motors was changing the interest rate of future pension payouts.? Because of the interest rate change, he was going to have less money in his pension if he didn't act quickly.?

He had been planning his retirement savings along the way (accumulation phase), but was able to act quickly when he heard this news and compared his pension payout now or one year from now.?

Because he was over 65, he already had his Medicare Part A, but he needed to immediately get his Medicare Part B going, and he had to move quickly.? The second thing he had to do was look at what was left in his 401k and get ready to move that, both pre tax Roth and after tax. Each one of those have a distinguishing factor - taxable as you use it - or tax free when you use it, and they each need to be accounted for separately.?

Finally, he had to decide whether he would take the General Motors pension or a pension buyout. He needed to see where he would get the most for not only himself, but also his spouse and children.? I am happy to say he was able to get more of a monthly payout for his life as well as that of his wife.? He's on his way to Florida to live a happy retirement.? He was able to do this and feel good about it? because he planned ahead of time, and was able to design a distribution strategy at the time he needed to do so.

He got to the top of that retirement mountain with what he needed to financially make the decision to retire. Now that he is in the distribution phase, he's a very happy person, and he would be happy to tell you that.?

To be sure you have the right amount of financial products to get you successfully into retirement, give me a call to confirm you too are using the best strategies for you and your family.

Whether you're retiring in 2-weeks, 5-months, 3-years, 10-years or even 30-years, today is the day to make a design strategy. Let’s make one that works for you and your family, one where you can measure 3-years, 5-years, 15-years, or 30-years from now, because we don't really know where we're going to be 30 years from now.?

When you wake up 30 years from now, do you want to be in a better position than you are today; or in a position where you're forced to make decisions, because you didn't plan early on?

Your call to action today is to take a look at what you are planning for retirement income. Give me a call and let me help you walk through some of the important factors that will make a difference by acting now.

Schedule a call at https://go.oncehub.com/GinaWells!? You will be glad you did!

Investment Advisory Services offered through Retirement Wealth Advisors, Inc. (RWA) an SEC Registered Investment Advisor.? Gina Wells, Advanced Capital Group d/b/a Financial Design Strategies, Brookstone Capital? and RWA are not affiliated. Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. Past performance does not guarantee future results. Consult your financial professional before making any investment decision.?