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In this episode we discuss the staple of retirement planning: the search for your number.

Doing the Math

• Changing plans: at what age will it run out?
• Should you increase savings from 10% to 15%?
• Should you decrease retirement income from 75% to 70%?
• Should you delay retirement another two years to accomplish your goals?

Fine-Tuning

We can go over your numbers to fine tune and provide you with a clearer picture.

Availability

• If you are saving for retirement in a 401K (or something like it) you will be limited to the menu options presented. You might be forced to have a taxable account.
• Did you know that you can hold virtually anything in a IRA except life insurance and certain collectibles?

Tax Magnitude

Did you know that some REITS may be tax inefficient with relatively high dividends that might be fully taxable as ordinary income?

Passive Investments Plagued by Momentum

Pros find value stocks and purchase. They sell the idea to Prime Brokers then researchers report positive things about companies. Investment banks would raise expectations to a “buy.” While all this pumping up of portfolios is happening, the big boys are dumping those cheap stocks on the unsuspecting public.
Everyone wins except the public.

S&P/Dow Jones indices reports 88% of large cap mutual funds trailed their benchmark indexes over the past five years. Have you checked your portfolio, and if not, why not? Have you been called by your advisor, and if not, why not?

Did you know equities are richly valued? There has been a downturn in economic growth despite what the news says.

Political uncertainty. The answer is to reduce exposure

David Stockman, former advisor to Ronald Reagan, believes stocks will crash 30% to 40% this year.

Money Market reports that there are up to 17 different fees in 401ks and other retirement plans.

Sign up for our next retirement seminar July 18th at Jessie’s and July 20th at the Half Shell Oyster House.

In this week’s episode:

• Death Tax Liability — it’s not just estate taxes but also tax on IRAs, 401Ks, pensions, etc.
• REITs (Real Estate Investment Trusts) — liquid REITs are traded like stocks; some are good and some are awful! Non-liquid REITs are traded on the secondary markets, which may take years to get out of (if you want to get out you may only get 10 to 20 cents on the dollar).
• Tax Returns — it’s important to bring your last year’s tax returns in for a full and complete analysis. There are often losses that need to be accounted for when creating a comprehensive financial plan. If your financial advisor has not addressed this you need to find someone who will!

Long Term Care

If you served in the military you should make sure to check all your VA benefits. Your spouse may not be included in the coverage and might be in for a surprise (this, too, should be covered in a comprehensive analysis). If you don’t plan properly, your children could be taking care of you at some point, includingc changing your bedpan! We have plans that include Long Term Care for which you don’t have to qualify or pay nosebleed premiums.

Income Plan

Do you want “maybe” or “guaranteed” income? The choice is yours. Too many people have debt going into retirement. We can help you plan in advance so that you don’t have this burden. Trade in your old outdated whole life policies and upgrade to include long term care.

Our Upcoming Seminars: Roadmap to Retirement

• July 18^th Jessie’s in Magnolia Springs
• July 20^th The Half Shell in Mobile

In this week’s episode:

• Three separate articles (from the DailyWire, Iconic Investor Rogers: Biggest Crash in My Lifetime Within the Next Two Years; from  Marketwatch, There are only two other times in History when stocks were more expensive than today, and Bill Gross warns US market risk is at highest since 2008 crisis) are all in agreement the we are in for a healthy correction. Although nobody knows when it will happen, exactly, or how big it is going to be, some are calling for it to be as bad as 1929.
• The large wire houses are anticipating a correction, so they are already educating their clients that it is OK to have a 30% or 40% correction in your retirement plan in hopes that they will not panic. In my book, that big of a correction is never OK.
• Upgrade your old life insurance policies to include Long Term Care. Long term care on the average in the state of Alabama is $72,000.00 per year.
• We recently had three clients pass away. Hear at Safe Harbor Financial, you are family. We are here through thick and thin. We are here to help.