Securing a Stable Retirement: 6 Key Priorities for Health Care Professionals and everyone else!
Alan Porter,
Certified Financial Fiduciary, Certified Tax & Business Advisor, Emphasizing, TAX & HEALTH COST savings, Guaranteed Income & Asset Protection. Retired Military, Blackhawk Instructor Pilot
The Transition from Accumulator to Spender
When it comes to retirement, everyone's journey is unique. And as a financial advisor I've noted six common priorities most people focus on.
Firstly,?income?or?cash flow?- your role transitions from an accumulator during your working years to a spender in retirement. Your hard-earned wealth now serves a new purpose, providing a stable income or cash flow to meet your expenses not covered by Social Security, pensions, or other sources.
Embracing Growth & Risk
Growth, the second priority, seeks to ensure your portfolio appreciates in value over time. Remember, though, potential growth does carry the potential risk of loss. Many individuals in retirement tend to dial down market risk, but growth remains a priority to counteract inflation. People need to understand it is not about return on your investment in retirement, it is about distribution of assets, and the older you are the larger the distribution rate is in products I promote.
Preservation: The Return OF Your Money
Next up is?preservation, characterized succinctly by Will Rogers, "I am more concerned with the return of my money than a return on my money." Simply put, it means you're unwilling to accept a loss in exchange for a higher rate of return. Clients who prioritize preservation focus on guaranteed principal assets.? I can show you how to have a guaranteed income in retirement even though you have run out of assets.? I can even show you how to just take a portion of a stock portfolio and give you the same amount of income that is guaranteed for life.? A STOCK PORTFOLIO CANNOT DO THAT!
Liquidity: The Power of Ready Cash
Liquidity?ensures you have a sum of money readily accessible at a moment's notice. Think of it as a safety net, an amount of cash available for immediate use, like household emergencies or unforeseen expenses. The level of liquidity one needs varies from person to person, but it's essential for everyone.
Leaving a Legacy for Heirs & Beneficiaries
The fifth priority,?Heirs & Beneficiaries?concerns what you intend to leave behind for your loved ones. Younger families typically prioritize this higher. Older clients, especially those with special needs children or legacy objectives, also place a strong focus on maximizing what stays within the family.
Debt: The Silent Wealth Destroyer
Last, but certainly not least, is managing?debt. It's no secret that alongside taxes, debt is a formidable wealth destroyer. Hence, crafting a plan to eliminate personal debt swiftly can significantly boost your wealth-creation process.? I specialize in reducing and possibly eliminating both debt and taxes and provide you with more spendable income compounding interest for yourself and not the financial institutions.
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I want to show you how to take advantage of our progressive tax system, turn forever taxable money into never taxable money, protect you from lawsuits, liens, and judgements, provide you with TAX-FREE income in retirement and before.? Not only that eliminate probate, protect you from the taxation of Social Security and the Means Testing for Medicare Pt B, which will be in thousands per year, become your own bank borrowing from yourself compounding your money for you and not the financial institutions, provide you with Long Term Care Options TAX-FREE and create a TAX-FREE legacy for your beneficiaries! And finally protect you from the number 1 risk in retirement RUNNING OUT OF MONEY BEFORE YOU RUN OUT OF LIFE, plus many other risks!
As a healthcare professional, you've dedicated your life to caring for others. As your financial advisor, it's my job to care for you, helping you navigate your unique retirement journey. After all, a stable and secure retirement isn't just a goal; it's a reward for your years of service.? It is time to think outside the box of Conventional Financial Planning and stop listening to the propaganda of Wall Street about the outdated and ineffective theory of the 60/40 stock split in retirement.
Do not let your hard-earned money be at the mercy of unpredictable markets and excessive taxation.?Schedule a free 15-minute call?with me today?to explore the possibilities to secure a more comfortable retirement.?It is time to?THINK OUTSIDE THE BOX OF CONVENTIONAL FINANCIAL PLANNING!
In addition to scheduling a 15-minute call with me, you will receive a copy of my groundbreaking book:??
ALAN PORTER??To schedule an appointment go to:?????https://go.oncehub.com/AlanPorter
DEBT FREE FOR LIFE WEBSITE:??debtfree4lifeamerica.com
Retired US Army?
Cell 910-551-1046 Email:?[email protected]?
Life /Annuities/Health Insurance Sales, Certified Financial FiduciaryLearn the strategies for TAX-FREE Retirement Income & Distributions