Mark Fricks - The Road Less Traveled

Join Mark Fricks and Jeff Roediger as we continue on this financial journey.  In this session we address these important issues

    • Planning right means taking into consideration all the risk factors that affect your retirement savings including longevity, inflation, taxes, health care, personal events and spousal  continuation.

    • The three aspects of any investment include liquidity, safety,  and return. You can choose to maximize any two against  the third. Or you can use strategies that combine Yellow,  Green and Red Money investment tools designed for today’s  retirees and work with a financial professional. With the  right tools and strategies, it is possible to achieve aspects of  all three, Liquidity, Safety and Return.

    • Choosing to maximize liquidity alone can be an expensive  option because the sooner you need your money back, the  less you can leverage it for safety and return.  • To plan for a successful retirement in today’s economy requires a creative use of strategies and today’s financial tools.

Join Mark and Jeff as we discuss the following:   

After Social Security and your additional income is accounted for, the amount that’s still needed to meet your needs is called the Income Gap. It’s important to consider future expense when planning for your income needs because most retirees will live longer than their parents did.  

• Many retirees struggle to find the right investment tools during their retirement years. Typical interest rates on Yellow Money assets don’t earn enough to keep pace with inflation and taxes, while money left in the market can potentially devastate your retirement income.  

• Today’s new annuities are designed to protect your retirement savings in any market. Annuities with income riders are designed to give you lifetime income. That income can go up in value as you wait to trigger a monthly check.  

• Although an annuity is an income-producing asset that does not subject your income to market risk, it still has the opportunity to grow. An FIA is a Fixed Indexed Annuity, previously known as an EIA or Equity Indexed Annuity, is a special type of annuity that is keyed to the performance of the stock market. It offers growth with a guaranteed safety of your principal. 

• The benefits of an FIA include: guarantee of principal, a minimum guaranteed cash value, no fees, access to your money, potential bonus money, tax deferral, and a guaranteed lifetime income. • Be sure you understand the features, benefits, costs and fees associated with any annuity product before you invest.

Here is what Mark and Jeff Discuss in this session:

Outliving their money is what retirees fear the most. Build your retirement income from the sound foundation of Green Money, or Know So Money. The foundation of a retirement strategy depends on knowing how much money you need and when you need it.

• Identify how much of your income you need now, and how much you need later. Once you have your current Need Now income needs supplied, it’s crucial to the longevity of your income to plan for Need Later Money. This offers another opportunity to look at Red Money investments for growth.

• Working with a Registered Investment Advisor will help you compose a clear and concise inventory of your assets, and learn how much they are worth, what rules apply to them, and how they are structured for risk.

Over the course of your lifetime, it is likely that you have acquired a variety of assets. Assets can range from money that you have in a savings account or a 401(k), to a pension or an IRA. You have earned money and have made financial decisions based on the best information you had at the time. When viewed as a whole, however, you might not have an overall strategy for the management of your assets. As we have seen, it’s more important than ever to know which of your assets are at risk. High market volatility and low treasury rates make for challenging financial topography. Navigating this financial landscape starts with planful asset management that takes into account your specific needs and options.

"The U.S. has developed a new weapon that destroys people but leaves buildings standing. It’s called the stock market.”

Just like planning for a vacation or a trip, your retirement

Federal Employees - The Retirement Road Less Traveled with Financial Adviser and Federal Employee Advocate Mark Fricks.