Will Your Nest Egg Survive Your Retirement?
Learn the risks and strategies to navigating your Golden Years.
Attend the Retirement Survival Workshop to check your retirement readiness.
If you have concerns about your nest egg surviving your retirement journey, you’re not alone.
“Today, 85% of Americans are worried about their retirement prospects.”
Source: USA Today: 5 Questions with Sen. Harkin on Retirement Crisis, 2/1/2014.
Why is this happening? For one, Americans are living longer! Gone are the days when you retire at 65 and pass by 72. Living in retirement for 25-30 years is now a reality for many.
Extended longevity is great, but it creates a range of economic risks, threats and challenges along the way that – if you’re not careful – can be devastating. Today’s lower interest rate environment doesn’t help either. So, what can be done?
Being the father of 3 Eagle Scouts, I champion the Boy Scout motto – Be Prepared. Attend our Retirement Survival Workshop where we help you do just that.
Have you prepared effectively to survive your retirement journey? If you’re well on your way, have you checked your road map lately? Do you see any unexpected potholes, sharp turns, or turbulence ahead?
If you’ve been on a detour, what are the course corrections needed to get back on track? Check to ensure your backpack is up-to-date with the right tips and tactics. Like any extended journey or expedition, it takes advanced risk assessment, planning and discipline to formulate the strategies that will allow you to reach your destination safely.
In an interactive, fun learning environment, we take you through the Retirement Survival Check Up, which asks participants 10 important economic preparedness questions. Our goal is one of education and helping others get on paths to financial peace because that’s what life and retirement is all about.
Make sure you have packed properly for the journey! Consider the following:
Protection From Unwanted Litigation – Do you have sufficient liability protection from unwanted litigation or a frivolous lawsuit?
Protection From a Catastrophic Illness and/or Long Term Care Expenses – Are your assets protected from a catastrophic illness and/or long-term care expenses?
Combat Increased Taxes & Inflation – Will your assets and income withstand the incoming wave of increased taxes & inflation?
Secure Guaranteed Lifetime Income – Do you have a guaranteed flow of income that cannot be outlived? What about Social Security?
Preserve Investment Capital / Earn Competitive Returns – Are your assets protected with effective capital preservation strategies while still earning a competitive rate of return?
Advanced Planning to Combat Survivorship Risk – Are you positioned to replace lost income when a spouse passes?
Prepare for Entitlement Erosion – Are you guarding yourself against the erosion of Social Security, Medicare and Medi-Cal benefits? Having a Plan B is important!
Intelligent Asset Transfer at Passing – Have you provided for an intelligent transfer of your assets at death? Are you structured properly?
Minimize Tax Liability to Heirs – Will your heirs pay an excessive tax liability due to your IRA, Annuity and/or Estate Taxes at your passing?
Enhance Personal Legacy – Have you thought about and/or provided for your personal legacy?
Being an active learner and participant in your financial life is essential for success. Abdication is not an option! Yes, our financial world is complicated, but it’s not too complicated if you have a teachable spirit.
Taking the Retirement Survival Check Up is a great start. Learn the financial strategies necessary to make your journey enjoyable and fun. Doing so will give you a more credible claim on financial peace. See you there!
Other Interesting Facts
“If you reach age 65 in good health, you’ve got a 50% chance of living to 85 (men) and 88 (women), and a 25% chance of living to 92 (men) or 95 (women).”
Source: Fidelity.com, How Much Do You Need To Retire? 1/30/2014.
“The biggest fear for pre and post retirees is they haven’t stocked enough away and they are fearful of running out of money in retirement.”
Source: You’ll Never Run Out of Money in Retirement, The Motley Fool, 2/22/2014.
“Nearly 3 in 4 cite ‘rising healthcare costs’ among their top retirement fears.” Source: Nationwide Financial Survey, 5/7/2012
“58% of workers and 44% of retirees report having a problem with their level of debt.” Source: 2014 Retirement Confidence Survey by EBRI, 3/2014
“70% of people over 65 will need some form of long-term care. For married couples, the chance that one spouse will need long-term care rises to 91%.”
Source: Money Morning. The Scariest Facts About America’s Retirement Crisis, 3/20/2013.
Do you know?
· How to deploy secure money strategies amidst market volatility?
· The strategies for mitigating the economic risks associated with retirement?
· How even if you have a Living Trust, you may still have to go through probate?
· How to win when the market is up, but protect yourself against market losses?
· Seven reasons why traditional Long Term Care insurance may be a poor choice for you?
· How you can make Life Insurance and Annuities pay for Long Term Care expenses tax free?
· The key strategies for combating the potential wave of inflation and increased taxes?
· The difference between various types of annuities, which may be appropriate for you and which you may want to stay away from?
Disclosure: Mark McKell’s Retirement Survival Workshop is a free guided discussion through 10 Checkpoints. It is not sponsored by any financial product and no products will be recommended or sold at this workshop. This material is designed to provide accurate and authoritative information with regards to the subject matter covered and is not rendering specific legal, accounting or tax advice. For answers to specific questions and before making any decisions please consult a qualified financial, tax or legal professional. Mark is the managing partner of McKell Partners and an insurance representative of American United Life Insurance Company® (AUL) and other insurance companies. Guarantees are subject to the claims paying ability of the issuing company.
Notes for Rob:
1. Use the same Do you know questions from last time
a. Have the Do You Know questions be on perhaps a packing checklist…
b. Make the Do You Know questions stand out a bit more
2. Eliminate the “951-237-2469” phone number at the bottom.
3. This is an evening seminar so change from Lunch to Dinner
4. Provide graphics to match the following theme:
a. Expedition, Hike, Survival, Backpacks, Check List, Road Map, Sign Posts, Trail, Excursion, Hiking Equipment/Gear, etc…
b. Also have more space on the left, article side for picture…
5. Use the “Other Interesting Facts” in a right column on the left page perhaps (separate from rest of article)
6. If space allows, add some graphics on the left page so the theming flows – similar to Boyd’s other articles
7. Mark’s profile picture may be removed if more space is needed. It’s on our back page ad too.