Safe Harbor

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Call us at (251) 625-1226 or
Toll Free at (877) 251-1984
Daphne, AL

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Safe Investing in the New Economy Radio Show 11/18/17

Each week, Jim Byrd and Biff Hamel provide valuable information about insuring your retirement finances. Tune in to the radio broadcasts or listen to the podcast here or on iTunes. Highlights of this week’s show:

Lots of people are coming into the office for their complimentary consultation because they heard us on the radio.

We have managed money and are partners with the world’s largest manager. Most of the large brokerage firms use them. Usually you have to have $25,000,000 or more to participate but with us you only need a few thousand.

We offer a risk-evaluation program to help you find your comfort zone. We then run an analysis on your portfolio. In most cases people have little risk tolerance and high risk investment despite what they have been told by their consultant. What can you do about it?

  • Trade in old life insurance policies and upgrade to include long term care with new policies you do not have to qualify for.
  • We talked about balance in your retirement portfolio. We offer several products used for balance:
    • Managed money- you choose the risk factor
    • Single premium life insurance- with no increase in premiums
    • Hybrid annuities- some that just accumulate and are liquid, some that are front load for lifetime income and some that provide long term care and lifetime income.

We also talked about some of the things we do around the community, such as the Veteran’s Day BBQ and the upcoming Christmas Toy collection at our office.

Happy Thanksgiving to all of you!

 

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Safe Investing Radio Show 11/11/17

Each week, Jim Byrd and Biff Hamel share their wisdom and recommendations about funding your retirement with their loyal radio audience. Listen each week for financial information you can use.

Community Trust Fund. Consider Donating.

Jim Byrd has set up a trust fund with both donations and his personal funds to help veterans get back into serving in society. Over $15,000 has been collected and donated through veterans organizations so far this year. If you’d like to donate too, please call the office at 251-625-1226.

Are Market Fluctuations Going to Spoil Your Retirement?

These are daily and hourly and risk is high. Many major organizations are recommending caution in case of wide fluctuations or a downturn in the market.

Safe Harbor Financial Products

The products that we offer help protect you from market losses. You participate in the market, but your investment is protected from major risk. Products variations abound. One of the newer products gives you more income in the early years of retirement but tapers off as you get older and your spending needs decrease.

Financial Planning for Young Families

We congratulate the younger clients we’ve met lately who understand the need to start saving for retirement early. We offer a free consultation and we will answer all your questions and concerns.

Complimentary Financial Consultation

Many people have absolutely no idea what their net rate of return is on their retirement portfolio. We can help you understand your portfolio risk and return so you can make an informed decision about how to fund your retirement. We will give you a second opinion, an honest opinion, on what you have and what you actually need. We start with your goals and dreams, develop the strategy options, and then discuss the products that will meet your goals.

Year-End Tax Strategies

We can also help you with year-end tax decisions. Charitable contributions need to be made before year’s end to help offset your income.

Strength in Teamwork at Safe Harbor Financial

Each of our team members has their own strengths and they work together to make things happen. See their individual bios here.

Educational Financial Seminars

This week the team will be at the Original Oyster House on Battleship Parkway on Thursday, November 16. There may be a few seats available. Call the office for your reservation.We talk about the 7 most common mistakes retirees make in planning their retirement. We offer a comprehensive overview of many retirement issues- taxes, estate planning, social security, health insurance, long term care insurance- and a team of experts to talk knowledgeably about them.

 

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Don’t Defer Tax Planning for 2018

View/Download PDF version

Between storm damage recovery and pre-existing infrastructure needs, the United States has a lot of rebuilding projects ahead. This means a lot of work for the construction industry, but the bad news is it will cost a lot of money. We believe this makes it unlikely Congress will pass major tax reform by next year. It also gives investors more reason to consider tax-deferred accounts before potential tax reform measures are implemented.

Overview

Perhaps you’ve had a similar dilemma with your household budget: How do you cut back expenses when your spending must increase? Tax reform, long touted as a hallmark of the Republican party platform, may be difficult to achieve with all the recent expenses the country has encountered.

When Donald Trump was first elected president, there was positive momentum in the stock market in anticipation of his pro-business, pro-tax reduction policies. These days, however, Congress appears to be looking for ways to pass legislation that looks like tax cuts but would actually help increase short-term revenues.

For example, some House Republicans have suggested rolling back the tax-deferred status of 401(k) plans. 1 This would put the 401(k) on the same level as a Roth IRA, only with higher annual contribution limits ($18,000; or $24,000 for those age 50 and up). While that would result in no taxes on distributions during retirement, investors would pay more  taxes on income while working. This may reduce the incentive to save with a 401(k), which is extremely important given the retirement income shortfalls many people are facing. [Read more…]

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Safe Investment Radio Show, October 21, 2017

In this week’s show, Jim Byrd and Biff Hamel get right into the income needs of many retirees:

  • Spending habits change during retirement.You’ll need about 70% of what you formerly earned during retirement, on average. The first 5 years or so usually require more income than the next 10 or 15. People initially spend more, perhaps take big vacations during the first few years, but as time goes on, they typically spend more time at home, often with the grandkids.
  • We have a new product that attempts to match those needs. It pays out more in the earlier years and lowers the payment in later years as expenses often decrease.
  • Could the stock market crash again? We don’t know, but it is important to be prepared for the possibility. With retirement already a fact or coming up soon, it’s important to know your risk and options to prepare for it.
  • Fixed index annuities are one option, and last year they averaged 14% with no risk. We all insure our houses and vehicles against the possibility of catastrophic damage. Wouldn’t it make sense to insure your retirement the same way?

Take advantage of our FREE consultation, and we’ll carefully analyze your current retirement plan and see if we can improve your retirement plans and lower your risk.

Call Safe Harbor Financial at 251-625-1226 to register or to schedule your free individualized consultation with Jim Byrd or Biff Hamel.Or simply fill out our Contact form and we’ll get back to you quickly.

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Safe Investing Radio Show, Sept 30, 2017

Jim Byrd and Biff Hamel host a weekly radio show to discuss current information of interest to people who are considering or are already in retirement. In this week’s episode, they discuss their upcoming seminars, the ins and outs of life insurance, plus safe and guaranteed investments for retirement income. Also, they explain their new risk measurement program that compares your risk tolerance with your current profile. Call Safe Harbor Financial at 251-625-1226 for a free individualized consultation or to sign up for the seminars this month.

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Our minds are programmed to ask the question, "what is this going to cost?" which is why we have built our business on delivering exceptional value.

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