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Showing posts from 2019

Day 7 for Debra. The last day working on her plan. I think you will be...

Day Six for Debra was a bad day. Tune in to see what exactly went wrong...

Day five of Debra's retirement plan. A pre-tax plan verses after-tax plan

Day four of Debra's retirement plan. We find out how much she has saved!

Day 3 of Debra's retirement plan. Let's see what we came up with toward...

Getting Debra Retired in 7 Days with a retirement plan from My Retiremen...

Creating a Retirement Plan for Debra. What happened on Day Two

Why I Popped The Retirement Question

I was creating a retirement plan for a client by the name of Ms. Smith the other day, and I popped the question to her. She said, well, I don't know. It depends on how I feel at that time. I said what do you mean how do you feel at that time, better yet how do you feel about it today. She said I feel pretty good about it today. I said I have been married for 23 years and have never proposed this question to my wife. She said you should; she would probably feel the same way I do about it. The question I had popped to Ms. Smith was, "If we could go back to November 2007, the "Great Recession" and her entire retirement portfolio was cut in half by 50% would she stick it out?" She said mainly she was in a different place financially and mentally at the time verse where she is now. I told her I get it, and she should be in two different areas in her life versus back then, but preparing retirement plans, I have to ask that question. Not because it's on my q

One Retirement Myth To Be Aware Of Today

I love talking retirement and rightfully so, as I have been working with clients and their portfolios for nearly 20 years. One thing that was hard for me to understand as a young life insurance agent was why I had to know everything about a client before I started writing their life policy. My manager would always tell me that you have to do confidential questionnaires. My thought as a young agent was why when they wanted insurance, and I want to sell it to them. This type of approach was a win-win for me trying to get a commission. As a veteran in the business for more than 35 years at the time, he said you young kids just do not get it. How do you go into a doctor and tell them your elbow hurt because you bruised it, and they give you some cream and send you on your way, only to discover that you have a fractured bone chip? Now that I am older and around the same age, he was when he started sharing his sage wisdom with me, I truly understand what he was talking about now that I am ol

What We Did in Response to the TD Ameritrade Announcement With Charles Schwab

As we look at recent developments in the news concerning the buy-out of TD Ameritrade by Charles Schwab. Sure, TD Ameritrade was paid a 17% premium for their outstanding shares, and Charles Schwab receives more assets under management to compete in an industry that has had more changes than a one-month-old newborn baby. If I were a betting man, I would say that there would be more consolidation in that space here in the next year or two. The client or customer is always left holding the bag in mergers and acquisitions, because when they sign up with companies that are who they have decided to partner with for the long term. We decided to launch retirementplansareus.com because the client still needs a place to go to get an unbiased direction concerning their retirement plan. Even though we have been planning retirement plans and retirement exits for nearly 20 years it was important to create a dedicated site to service clients looking for only a retirement plan. I had one state work