What would happen if you or your spouse became incapacitated and unable to work with the Social Security Administration to claim/adjust benefits or to make a request or inquiry? Did you know that even though you may have a power of attorney that the Social Security administration will not accept it? Since powers of attorney are a state-specific document and the Social Security Administration is a federal agency, they have made the decision not to review and validate varying powers of … [Read more...]
What is your long term care plan?
Did you know that a majority of retirees are going to need some form of long-term care, whether at home, or in a facility? And the costs are going to range substantially, depending on the level of care. According to the 2018 Cost of Long-Term Care study by Genworth, homemaker services can cost up to $4,000 per month and a private room in a nursing home is $8,400 per month. Several years of these types of costs can make a huge dent in a retirement nest egg. Have you thought about where … [Read more...]
Should you stop contributing to your 401k in a bad market?
Have you ever had the experience of seeing all your 401(k) contributions go up in smoke during a bad market cycle? You look at your statement, and it seems like you've made no progress at all… Everything you contributed has been swallowed up by losses, and you feel as if your contributions aren't helping at all. Let me encourage you to look at what's happening in a different way so that you don't give up and throw in the towel. It's important to understand what is happening when you … [Read more...]
Reduce Taxation of Social Security Benefits
If there is a gap between when you stop working and when you intend to begin Social Security benefits, you have a unique opportunity to get even more benefits by reducing how much of your benefits you lose to taxes. Have questions about this video? Feel free to contact me. … [Read more...]
Are you afraid of running out of money?
Did you know that a retiree's greatest fear is running out of money? It's a legitimate concern… We saved less and were living longer. The markets are more volatile and uncertain than they've ever been. Some of us are faced with providing for ourselves and for aging parents, and Social Security certainly isn't replacing the paycheck we enjoyed while we were working. That's one of the greatest joys in my work… Seeing initial anxiety melt away after creating a realistic game plan that … [Read more...]
8.5% Yield?
I’ve always believed the saying….”if it sounds too good to be true….it probably is.” I've also believed that there is no such thing as a perfect investment. I will have to say that I was somewhat surprised after vetting the investment found in the following introduction video, and even more surprised when I learned that the company has no complaints against it, and to date no investor has lost a dollar of their investment. If you have investments that you would like to re-allocate out … [Read more...]
Eliminating Negative Returns In Retirement
Do you know about the sequence of return risk? If not, you need to watch our video below. It will give you an idea to make your money last longer AND take less risk: Would you like an illustration of this concept with your own unique information? If so, reply to this email with the subject line “Illustration” and I can provide you an example of how this works with your information. … [Read more...]
Excerpt From New Online Social Security Class
If you missed the announcement a few week ago, we have an online Maximizing Social Security course we rolled out recently. This week I’m including a example video module so that you can get an idea of what they are like: You can access all 21 modules for free by registering at the following link: https://stewardshipsolution.thinkific.com/ As more online courses become available, they will be posted there. Currently I am working to complete the Ready2Retire course that … [Read more...]
Fifth Purpose of Money – Legacy
Your retirement assets can be used for the following purposes: Liquidity - short term goals, upcoming emergencies Income gap - cover the income gap between your predictable income and expenses Protection - cover the risks that could derail your plan such as premature death or long term care event Growth - keep up with increases to your expenses due to inflation And the fifth purpose…..legacy...which we discuss today Did you know there is an “optimum” amount to allocate to … [Read more...]
New Proposed Social Security Legislation
There may be big changes coming to Social Security. They could positively affect benefit amounts, taxation, and more. Take a look at the initial proposed changes below: Link to article: Questions! Contact me! … [Read more...]
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