Retire Texas Style!

How much money do you waste a month? Did you know the average baby boomers spends $680+ a month on nonessentials? That’s a $1 here, $5 here and only $10 next time, well it adds up!  Did you ever think that you were wasting money or leaving money on the table? Do you REALLY need that new iPhone? Or Starbucks every day? What if you could take that extra cash and put it towards something more rewarding – your retirement! When you meet with Steve, he can show you where you’re leaving money on the table, where you’re “throwing money down the drain,” and help you redefine your budget to make room for your retirement plan.  Steve can make sure you never run out of income, but you have to make sure you never run out of money!

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Steve discusses why its so important to be proactive with your financial plan and if your married, why both spouses need to be on the same page. Then some analyst say we are headed into a bull market while other say we're going into a recession - how do we know who to believe and how can we protect our money? Plus, what you need to know about your first meeting with Steve! 

Call to schedule a FREE Portfolio Review with Steve over the phone, ZOOM or in person! 

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Reuters is reporting a rush on estate planning appointments, because of fears about how the rules might change if Joe Biden wins the election.  Are there steps  we could take now that would benefit us in the event that the rules do change? Steve talks about taking control of your money! 

Schedule a Complimentary Consultation with Steve TODAY! 

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How many different income streams or buckets of money do you think you need? Hear how Steve says planning for retirement is like a symphony!

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The biggest fear of planning for retirement, is running out money. Make sense, right? You have received a paycheck you're working life, so where does the paycheck come when you leave the working world for retirement? That's were Steve comes in! Steve can show you how he can create income you can't outlive and give you that added peace of mind.

Have you thought about what you will do in retirement? What about creating a bucket list? Do you want to travel, work with a non-profit, take the grandkids to Disney? Whatever the case may be, you have to make sure your income plan support this bucket plan? 

Then, Steve explains the one thing you can do everyday for 30 minutes that can help your financial future. 

Call Steve today to setup a complimentary financial review! 

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Democratic presidential nominee Joe Biden wants to change the way the tax code treats 401(k) contributions.  Investing strategist Matthew Sommer tells CNBC that Biden wants to convert the tax deductibility of contributions to a 26% refundable tax credit. It sounds like he's saying this would be good for low-income savers, but bad for everyone else.  Is that accurate and – if so – how would you advise clients to respond to this potential change? 

Call Steve today for your Complimentary Portfolio Review! 

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Was 2020 your year to retire? Has the pandemic and market volatility caused you to change your mind? Is it still possible to retire in 2020? 

Hear how Steve helps people just like you comb through the many income options and decisions and puts a plan together that works specifically for YOU. 

Call Steve today for a Complimentary Portfolio Review! This is a great time to see if you are on the right track on your financial road to retirement! 

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Steve welcomes teammate Derrick to the show! Derrick talks about what makes Hoyl Financial stand out among other financial advisors, what makes Steve so special as an advisor and how they focus on creating and building a relationship as a foundation with clients. Plus, hear some great client stories !

Is Steve a fit for you? Is Hoyl Financial a fit for you? Find out! 

If you have questions, concerns or FEARS about planning for your retirement, call Steve and the team today for your Complimentary Portfolio Review! 

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It’s probably the most asked question to any financial advisor, “how much money do I need? Is there a magic number?” First, everyone’s situation is different so everyone’s “magic number” will be different. There is no one standard that says once you have saved "X" amount of money you can retire. You actually need various types of income, that's where you hear about saving in different buckets of money. In this episode, Steve discusses those buckets of money, his process and how he treats his clients like family.

Retirement Fun Facts from The Motley Fool:

• The average American retires at age 63.
• The average retirement lasts 18 years, but many last much longer. Plus, who knows what the retirement life expectancy will be by the time you get there? I recommend that you err on the side of caution and plan on a 30-year retirement.
• You'll need $1,060,751 in savings if you expect to draw $5,000 per month for 30 years, assuming 6% annual investment returns and 2% inflation. Depending on how much income you expect from your savings, adjust this amount higher or lower to come up with your retirement "number."

 Americans know they won't have enough money, but still won't saveThe vast majority of those in the prime of their careers are aware they have a problem with their retirement savings. They're right.

• The average 50 year old has $42,797 saved. If you look at the retirement "number" from the previous section, it's easy to see that this isn't even close.
• The average net worth (assets minus debts) of a 55-64 year old is $45,447.
• 45% of Americans have saved nothing for retirement, including 40% of Baby Boomers.
• 38% don't actively save for retirement at all.
• 20% of Americans tap into their 401(k) assets early, either through a loan or withdrawal.
• 80% of Americans between the ages of 30 and 54 believe they will not have enough saved for retirement.

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What would you be willing to sacrifice in exchange for retiring ten years sooner than planned?  According to a new Finance-Buzzsurvey, a third (32%) of Americans would give up shopping for two years.  A fourth (26%) would agree to quarantine for an additional six months.  And 8% would even give up the family pet!  What does it take to be able to retire early? 

Then, CNBC says leaving a 401(k) behind at an old job is like putting money in a box under your bed and forgetting that it’s there.  But the idea of doing a rollover is a little intimidating to some people.  Steve explains his easy and simply way to walking you through the process. 

Call Steve Today for your Complimentary Portfolio Review! 

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