Retire Texas Style!

Question:  Do you think you pay too much in taxes … or too little?  That’s a trick question because we all pay too much!  But IRA expert Ed Slott tells The Motley Fool that’s our own fault! Bottom line, "the more you plan, the more you keep.” Steve explains how he helps clients minimize taxes in retirement and how a tax free retirement IS POSSIBLE!

Then, the so-called “five-second rule” is apparently alive and well.  A new survey (by OnePoll) shows more than 40% of Americans will eat things off the floor if they can pick it up immediately.  And they do it an average of four times a month.  In the world of retirement, we have something called the 4% rule (by withdrawing 4% of your financial assets each year, you could adequately fund your retirement.)  Are you a believer in this approach?  If not, what do you base withdrawal rates on, especially when the number one concern of retirees is running out of money? 

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A Princeton Professor did a study asking retirees which approach they preferred to fund their retirement.  Dr. Wade Pfau found one third liked living off the growth and income of their portfolios, another third preferred the safety of annuities, while the remaining third was split between bonds and a hybrid of all three strategies.  Where do you see your clients on these choices?

If someone comes into the office and you were to ask them…what do you want your money to do?

They might say:

• I want my money to grow
• I want to have access to my money
• I want protection if the market goes down
• I want the money to go to my family if I die

When I tell them, you’ve just described an annuity…they might be shocked. Because everything they’ve heard about annuities is negative. Don’t focus on the name of the tool, focus on what the tool does FOR YOU AND YOUR MONEY! 

Call Steve Today for an Income X-Ray! 

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Are we in a recession now? If not – is one coming?  That’s the big question as the Fed raises interest rates again to fight 9.1% inflation. Steve explains what pre-retirees and retirees can do now to prepare for a recession if and when it hits to both protect and grow your income and most importantly not run our money. See how Steve can help YOU create a customized income plan!

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Steve talks about creating generational wealth and discuss the list of 50 things every 50 something should know about retirement!

Call Steve today for a complimentary Portfolio Review! 

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I came across a post on the blogging website Reddit that struck a nerve.  It was people talking about childhood friends they assumed were rich – and why they assumed that.  It’s a good reminder that “wealth” is often in the eyes of the beholder. Hear Steve explain how he can help you achieve what wealth looks like for you in retirement and what the first time meeting is with Steve! 

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Do you feel like your 401(k) is now more like a ‘301(k)’ because of all the market declines?  Hear how Steve is helping clients preserve their retirement savings during such a volatile time.  During all the volatility in the stock market, we’ve heard one financial term being tossed around a lot – bear market.  Is the stock market in a bear market right now, and will that lead to a recession? Steve shares his thoughts and much more! 

Call Steve today for your Market Protection Plan! 

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You know all those stories about Social Security going broke in 2034?  Well, here’s some good news!  Uncle Sam had a good year, so they’ve pushed the “go-broke” date back by one year to 2035.  Not too exciting, right?  Recently, we sat down for an exclusive interview with former Vice President Mike Pence.  He told us the government must do everything to keep Social Security. Hear Steve share his position on the future of SS and where it falls in the retirement mix. 

Then, if you mention annuities as a part of retirement planning, you’re going to get a variety of reactions.  Some love them, some hate them.  An article in Market Watch declares “they are neither good nor bad.”  So now I’m really confused.  How do you know if an annuity might be right for you? 

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Let’s say you’re only a few years away from retirement and you haven’t paid off your mortgage yet.  Is that a problem? Steve weighs in on this and you'll hear questions from our audience! 

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What's the difference between a Traditional IRA and Roth IRA? Steve talks about the best time to do a Roth conversion and how to pass down your Roth IRA tax efficiently! 

Call Steve today for a Portfolio Review!  

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Having an emergency fund is CRUCIAL both in your working years and during retirement. But, how can you stretch the pennies to build it while fighting inflation day to day? Hear Steve discuss how he helps his clients with this and how he can help YOU.  Then, the Motley Fool financial website says there’s no single “right way” to plan for retirement.  But there are plenty of “wrong ways.”  And one of them is forgetting about how taxes are going to affect your post-career income.  Why are taxes such an important part of retirement planning?  

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