HOW YOUR FINANCIAL PLANNER FAILED YOU – YOUR RETIREMENT INCOME PLANNING ESSENTIALS
The AARP reports show that an average of 10,000 baby boomers in the U.S. are turning 65 daily. This creates a need and demand on the financial services industry to adopt effective methods of helping them transition into the distribution phase of retirement. Being that we shape opinions about money, investing and financial goals throughout our working years, the challenge of this transition to retirement can be burdensome. Oftentimes, these acquired attitudes can contradict the needed solutions to create a successful retirement. In service of this philosophy, Michael has developed this book as a proprietary retirement system; which allows clients to truly define their goals, map out their future, and properly track their progress.
The Wealth Puzzle: A Fiduciary’s Guide to Proper Retirement Planning
Your wealth is more than the sum total of your assets: it is also a reflection of you because your personal values and experiences directly impact how much money you have, how you choose to invest it and how you use it. In other words, just like the currency it concerns, wealth is two-sided, with the numbers on one side and the individual on the other. Michael’s goal for this book was to help readers begin to transition their thought process from the accumulation phase to the distribution phase of retirement investment and income planning.
Avoiding a retirement lemon
Money represents more than the paper it’s printed on. It may be the embodiment of your time, your talents, and your commitments. It buys the food you eat, the house you sleep in, the car you drive, and the clothes you wear. It also helps provide you with the lifestyle you want to live once
you retire. You have spent a lifetime earning it, spending it, and hopefully, accumulating it. When the time comes for retirement, you want your money to provide you with a comfortable lifestyle and stable income after your working days are done. You might also have other desires, such as traveling, purchasing property, or moving to be closer to your family (or farther away). You may also want your assets to provide for your loved ones after you are gone. The truth is that it takes more than just money to fulfill those needs and desires. Your income, your plans for retirement, your future healthcare expenses, and the continued accumulation of your assets after you stop working and drawing a paycheck all rely on one thing: You!