The Financial Lab

The guy who invented the concept of the “4% percent” rule thinks it’s too early to cut the withdrawal rate to 3% because of today’s volatile markets.   Bill Bengen feels it would take a “catastrophic” set of circumstances before people reduce their withdrawal rate. David and Travis share their message about how much to take from retirement accounts during this economy, and how to protect and grow your money the right way!

Call today for your customized Financial Lab!  

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President Biden says the economy is "strong as hell" and inflation is worldwide and we have it better in the USA then the rest of the world. Inflation is very much still top of mind for many, and of course we have seen ALOT of market volatility, hear how Travis and Shepherd Wealth Solutions helps people preserve, protect and grow their income in retirement!  

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How diversified should a portfolio be in these volatile times?  One study found that most believe it takes only 30 holdings to be diversified.  But one chief investment officer recently said it should be more like 200 stocks!  So, what’s a diversified portfolio look like to you and your clients? 

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While many Hollywood stars are richer than most of us, there’s one way they’re the same – they have mortgages.  Theirs is just much bigger.  For example, even though Beyonce and her husband Jay Z are worth $1.8 billion, they still took out a $53 million loan for their Bel Air mansion.  That’s a monthly payment of $227 grand!  Now, some approaching retirement may want to pay off their mortgage beforehand.  When is that a smart thing to do?  

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What are the chances we could fall into recession in the next year?  Economists with Bloomberg say it’s 100% certain.  And it might hit sooner than later.  Hear how David and Travis can help you survive and thrive in an uncertain economy! 

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Even the rich can get bad advice. Listen to what happened to media mogul Tyler Perry when his accountants steered him through an IRS audit that proved a HUGE mistake.  What would you do with a financial advisor if they made a serious mistake in someone’s retirement plan?  

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We’ve talked before about the tax advantages of converting your 401(k) money over to a Roth. One article says those best suited for a conversion are: 

• Retired.
• Years away from the RMD age of 72.
• Married couples with a large age gap.
• Those not yet taking Social Security.

Why are these factors an advantage?

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Actor/Comedian Bill Murray joins the show and says being a famous Hollywood celebrity says saving for retirement is only half of the equation. The other half is deciding how you want to spend your time.  David and Travis describe their process when working with people just like you get to and through retirement while checking off items on your bucket list!  

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Fidelity says the number of people who have 1 million dollars in their 401(k) accounts is down almost 30%.  People who have a million dollars are probably close to retirement, so this brings up the topic of risk management.  David and Travis explain how they help their clients “de-risk” their 401(k) so they aren’t just going up and down with the stock market.

Plus, Americans are trying to stretch their dollars amid high inflation, but they might be overlooking money they already have – gift cards! Check your wallets!  A new survey (by CreditCards.com) found the average person has $175 in unused gift cards.  And if you don’t remember to cash them in, you’re leaving money on the table.  When it comes to retirement planning, what are some of the ways to prevent leaving money on the table? 

Call David and Travis today for your Financial Lab! 

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The stock market is trying to continue its rally.  And prices – especially gas – have been coming down.  But economist Nancy Lazar tells Fox Business that we’re not out of the woods yet, she believes future interest rate hikes by the Fed to fight inflation will push us that way.  Hear David and Travis explain how their Financial Lab can help you develop a plan that can help both protect and grow your income - recession or not!  

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