Time is our most precious resource and I thank you for allowing me to get a few minutes of your time each week. I hope you find the blog helpful and informative. Send me an email if there is ever a topic you would be interested in learning more about. I will research it and write a future blog about it.
As your advisor we are a walking talking insurance plan hired to protect one of the largest assets you own, your retirement nest egg. The difference being that unlike most insurance plans we protect you before a disaster strikes, not after the damage has been done.
In a society that has basically turned outperformance into a religion, the average investor is not only underperforming the markets, he is consistently underperforming his own investments!
Every single day each one of us is inundated and sometimes overwhelmed by the tsunami of noise from the 24 hour "news" cycle. Much of it centers around timing of the market and the perfect selection of funds. The "experts" say things like "Big correction coming soon!" or "Here's the three next big technology stocks to jumpstart your portfolio!" and "Inflation is coming, buy gold now!" on and on and on.
Every night in the news or in any news article we read we hear about the government spending trillions of dollars on some new bill that's going to change the world. As our national debt snowballs it makes one wonder, will it affect your investments at some point?
Considering early retirement? Here are two options that can make that a reality.
If you are retiring soon or just exploring a relationship with a financial advisor, be sure to ask these 10 questions during the interview process.
So you are closing in on retirement, and you are faced with a difficult choice regarding your defined-benefit pension plan: Should you accept the traditional, lifetime monthly annuity payments or take the lump sum distribution?
Are you certain that your retirement income today will buy your favorite box of cereal 30 years from now?
In the age of the 24 hour news cycle it's easy to lose sight of things that matter because we're often distracted by things that don't. When it comes to retirement, chasing performance or beating an index does not guarantee a successful retirement outcome. Only planning can do that.
Retirement has two doors. One leads to a chance of success. One leads to certain failure.
The long answer is stock prices are the world's way of appraising the value of the company in which they own stock. The most consistent and reliable signals of a companies value are the level and trends of it's earnings over time.
There are obvious benefits for every person to have an identity in life. By knowing your identity you are not only able to accomplish your goals, but you also have a sense of wholeness. This remains true during your retirement years when your career is no longer your identity. By knowing who you are and what you want to accomplish in life, you'll gain a sense of confidence and pride and your life will be more meaningful and fulfilled. Let's discuss a few ways to discover your new identity in retirement.
One of the most underused, overlooked and unappreciated practices in investing is rebalancing your portfolio on a yearly basis. There's an old saying that there is no such thing as a free lunch. Disciplined rebalancing, however, is as close as you can get to a free lunch. Let's explore why.
It’s 2021 and interest rates are at historic lows. This means your NRECA R&S Lump Sum Pension Amounts are at all time highs. This means if you have thought about retiring from your cooperative this could be the year to do it. However, you are running out of time!
I was talking to someone the other day and they asked what I did for a living. I said I'm a financial planner and I specialize in retirement planning. I help people create their retirement income and investment plans.
The secret to investing is complex. There is no silver bullet, there is no pill to take, there is no hot new stock, etc. Everyday we are bombarded by advertisers trying to sell us quick fixes to complex problems.
So let's say you are pondering retirement from your cooperative. Most cooperatives that participate in the NRECA plan provide you with an annuity option, lump sum option or some variation of both options via your R&S pension plan. If you are not familiar with annuities and their payment options the choices can be a bit confusing. I'm going to list the options with plain definitions that are easy to understand in hopes that it can help you make an informed decision.
A nonsmoking couple of average retirement age, which is 62, has a joint life expectancy today of 30 years. That means there is a good chance one of you is living to age 92 and will be in retirement for 30 years.
High Blood Pressure is often referred to as the silent killer of human beings. It has no obvious symptoms to indicate something is wrong. Many people don't even know they have it. It develops slowly over time and although it can't be cured but it can be managed. Your retirement plan has a similar killer...inflation.
At 80/20 Financial Services, our mission is to increase your time, money and peace of mind by helping you create a retirement income and investment plan that aligns with your goals and guide you through the completion of that plan year after year.
