Ready, Set, Retire!

The Social Security Administration has announced its cost-of-living adjustment (COLA) for 2023.  It’s 8.7% - the highest in 40 years.  Is that something you warn clients about?

Then, there’s a guy in Brazil who can count all the companies he’s worked for on one finger.  Walter Orthmann is 100 years old and recently set a new world record for longest career at the same company – 84 years!  He has no plans to retire.  Can you tell us about any clients who’ve put off retirement because they’re so devoted to their job even in their 70s, 80s or even 90s?  

Call Steve today for a SS Analysis! 

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Let’s pretend that time travel was possible.  What decade of your life would you choose to experience all over again?  A new survey of seniors found their number one answer was their 30s.  Many described that decade as their best and happiest.  So, what financial advice would you tell your younger self? 

Call Steve today for that Comprehensive Retirement Plan, its never too late to start financial planning! 

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One of the biggest chains for breakfast in America is Waffle House (located in 25 states).  But what customers don’t realize is the cooks use an elaborate “marking system” that helps them get the order right.  So, they’re using something they see, but we don’t.  Isn’t that the same when it comes to a portfolio or 401(k)? When you review them, what do you often see that we don’t? 

Then, he’s been the voice of Darth Vader for nearly 50 years and at 91-years-old, James Earl Jones wants to retire.  So, he’s signed away the rights to his voice so that the franchise can re-create it using artificial intelligence.  Jones is probably making a nice residual from it all.  Isn’t that another example of an income stream that can supplement a retirement plan?  

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Sometimes a rocky economy is like a football game.  Market volatility, high inflation and the threat of recession can tackle even a good retirement plan and throw it for a huge loss.  So, is there a tool that can withstand these threats?

Then, a recent survey (by GOBanking Rates) shows that many Americans are in desperate need of retirement information.  More than half wish they had more education on how to invest.  But only 7% said they got their answers from a financial advisor.  How would you help someone in this situation?  What are their most common questions? 

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A website called TheBalance.com warns that a big mistake too many married couples make is they think about their retirement future based on “my money, your money.”  But if they look at the picture jointly, their money may last longer.  What problems have you seen couples encounter?  Do you insist on involving both spouses in their retirement planning? 

Call Steve today for your customized retirement plan! 

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What is an annuity? They provide a steady stream of guaranteed income in retirement.  Annuity advocate Sheryl Moore with WinkIntel.com recommends looking into annuities but be careful if you start to feel pressure. Hear Steve explain the different types of annuities, how to know if it's a fit for you and the red flags to avoid! 

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Inflation remains high, and things are still more expensive.  So, people need more guaranteed income in retirement because bonds aren’t getting it done.  That’s where annuities can help fill the need.  But many still hesitate.  Steve explains the benefits of an annuity and how he can help you achieve income for LIFE!    

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Airline staffing issues have led to a shortage of baggage handlers.  The result?  The number of unclaimed bags has soared.  After 90 days, much of this luggage heads to the Unclaimed Baggage Store in Scottsboro, Alabama. The same thing applies to ‘lost’ retirement funds.  People forget about 401(k)s and pensions when they change jobs or leave their retirement account in an old employer’s plan.  So, is there a ‘store’ where we can check to see if we left any money behind?  And if we did, what should we do with it? 

Call Steve today for a Customized Income Review! 

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Planning for retirement doesn't have to be stressful - Steve make's it easy, simple and FUN!

Here's something most retired couples don’t think about:  When one of you passes, one of your monthly Social Security checks will go away.  That can mean a substantial drop in income for the surviving spouse.  Steve explains how how he helps his clients decide on a social security claiming strategy and more! 

Call Steve today for a SS Analysis! 

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On today's episode, new research (by the Transamerica Center for Retirement Studies) says millions of workers have made a dangerous mistake with their retirement savings.  More than a third say they’ve taken a loan from a retirement plan – or even worse – took an early withdrawal.  Steve explains how to avoid financial mistakes and creating income for life! 

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