Safe Money Radio Episode: Don't Outlive Your Money
It is as simple as math. If you have a million dollars, take out 4% a year and then experience a massive market loss, you will have to withdrawal a much larger percentage of your funds to keep the same amount of income. A 4% withdrawal could easily turn into an 8% withdrawal and then a 12% withdrawal because of market losses.
Once you experience a significant loss, it is almost impossible to recover. It’s kind of like tipping over dominos. You can’t undue dominos falling once the first one tips over.
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If Shaquille O'Neal, Hall of Fame NBA Star and now empowered Entrepreneur has no-market risk income planning in his financial plan, shouldn't you?
Listen to this episode.
Highlights:
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About 95% of all financial professionals practice spend-down income planning.
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Unfortunately, financial planners don't usually explain the foundational theories behind their strategies.
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No financial planner that sells or recommends risk-base accounts illustrate you losing money or getting no growth.
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Our income planning is not based on a reasonable change, but rather a guaranteed outcome.
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Is it not better to know what is going to happen instead of hoping for a positive outcome from the process of guessing?
You can withdraw MORE from your retirement account and NEVER outlive your income!
If you like to learn more, schedule a suitability review appointment with me. Call me at 808-468-0552 or schedule a time by clicking the button below.
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Let's work together to take income uncertainty out of retirement so you can enjoy the golden years without financial stress. Once we talk, I must determine if I can significantly help you and then we can schedule to meet.
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