Paul Pent & Associates - Retirement Advice Blog

Financial Insight Blog

How to order your “Online Financial Second Opinion”

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How to order your free online financial second opinion..see an example of our safe and proven way to fund retirement.

See our video by clicking here: "Retiring for Half: Example Financial Second Opinion"

Increase Your Income in Retirement:  Report

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From the Wall Street Journal 03/01/2013

by: Kelly Greene

Conventional wisdom says you can take 4% from your savings the first year of retirement, and then that amount plus more to account for inflation each year, without running out of money for at least three decades.

This so-called 4% rule was devised in the 1990s by California financial planner William Bengen and later refined by other retirement-planning academics. Mr. Bengen analyzed historical returns of stocks and bonds and found that portfolios with 60% of their holdings in large-company stocks and 40% in intermediate-term U.S. bonds could sustain withdrawal rates starting at 4.15%, and adjusted each year for inflation, for every 30-year span going back to 1926-55.

Well, it was beautiful while it lasted. In recent years, the 4% rule has been thrown into doubt, thanks to an unexpected hazard: the risk of a prolonged market rout the first two, or even three, years of your retirement. In other words, timing is everything. If your nest egg loses 25% of its value just as you start using it, the 4% may no longer hold, and the danger of running out of money increases.

If you had retired Jan. 1, 2000, with an initial 4% withdrawal rate and a portfolio of 55% stocks and 45% bonds rebalanced each month, with the first year's withdrawal amount increased by 3% a year for inflation, your portfolio would have fallen by a third through 2010, according to investment firm T. Rowe Price Group. And you would be left with only a 29% chance of making it through three decades, the firm estimates.

That sort of scenario has left many baby boomers who are in the midst of retiring riddled with angst. "The mind-blowing aspect of retiring is all these years you're accumulating and accumulating, and then you need to start drawing down, and you have no idea how to do that," says Al Starzyk, a 66-year-old retired printing executive in Williamsburg, Va.

So, if you can't safely withdraw at least 4% a year from a balanced portfolio of equity and bond funds, what do you do? ...

Our Answer: It may be counterintuitive to some but it has been proven time and time again that withdrawal rates can be much higher if there is no risk in your retirement accounts.

To see how you can withdraw 4,5,6,7 and 8% in retirement and continually give yourself a raise to cover inflation, e-mail .(JavaScript must be enabled to view this email address) for a free report. To call and receive your report...1-877-797-7285

It's free, secure, and there is no obligation.

Is Your Broker Playing The Shell Game?

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I was exploring some highly touted and "inexpensive" indexed funds on a top companies website. Over the last ten years it seems that they have some good returns. Unfortunately they ignore one simple math problem. They quote the average return over a time period NOT the actual return.

Most of their customers probably don’t know that any time a negative return or loss is posted, the average can be very mis-leading. Does anybody remember the losses of 2001 or 2008? Look at this simple example and see for yourself...

Assume you have $100,000 and you place it in an account that has a 50% loss in year one...how much do you have?

A: $100,000 X .50 = $50,000

Now assume that your account goes up 50% in year 2...how much do you have?

A: $50,000 X 1.5 = $75,000

Here’s where it gets misleading when the average is what companies use to induce their customers into buying or staying with them. The average return over the two year period is 0%. But when there is a negative or loss involved, the average will never be the actual return. In this case your actual return is -25% and an account value of $75,000. This is why companies don’t advertise actual returns.

Give us a call to get an illustration on “ACTUAL” returns and see how you can save for retirement without market losses.

“This is the worst time for investors” John Bogle

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This article came out last year but I just stumbled upon it today. Fortunately the grim look on life taken by investors, who roll the dice on the market, doesn't have to be a way of life for our clients. When I read articles like this I wonder when people will wake up and finally see the difference between income and retirment planning vs letting someone else invest your money to try and get a high return.

Click here for the article.

Surviving the Next Market Crash

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Join us for this free one hour workshop and discover how to use annuities with no sales charges to sidestep the next market crash for any savings, retirement plan, or IRA.  
With every brokerage firm offering annuities for retirement, have you ever wondered which ones are the best? Now you can see them compared side by side by an independent and licensed agent. Complimentary lunch provided by Chic-Fil-A 
 Other Topics: 
1. How to get out of low interest or risky retirement accounts. 
2. How to turn your IRA into a tax-free gift to your heirs. 
3. Why a volatile market should work in your favor and not leave you full of anxiety.
4. How to trade your existing annuity for something better.
5. The realities of market risk and why it's never in your favor. 
May 15th at 12 pm
Pinnacle Financial Building 
7792 Belfort Parkway 
Jacksonville, Fl. 32256
Call or e-mail to reserve your seat: 904-460-1100
.(JavaScript must be enabled to view this email address)

How to Survive ObamaCare: Workshop

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Thursday, April 18th at 11am, Paul Pent & Associates will be hosting a 60 minute workshop packed full of great insight and information for those that want to survive the coming tidal wave of Obama Care.

 

Many people who bought long term care insurance were shocked when they found out their premiums were going up. To make it worse, industry insiders acted like it was okay. See this article from Kiplinger.com.

Fortunately there is a much better alternative...

A Better Alternative to Long Term Care Insurance

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I don't likelong term care insurance. It's expensive and it may never be needed or used. On top of that, did you know that the premiums of any long term care policy can go up if the state deems it necessary? Yikes.

There is a much better way. Call us today at 1-877-797-7285. We will send you a free illustration showing how you can designate a small  portion of your assets to cover all of your assets from the exesive costs of health care in later years. 

A couple of high points: This type of coverage is 100% liquid and if you never use the coverage it doesn't cost a dime.

Call us today at 1-877-797-7285

or you can e-mail me for a quote: .(JavaScript must be enabled to view this email address)

Sincerley 

Philip Pent

There are two parts to your pension. 

  1. State 
  2. Federal

The state part of your pension, which is meant to provide about 40% of your retirement needs is automatic but the federal part, which is intended to fill in retirement income gaps, is not. 

Many teachers don't know that for every $100 deferred from your take home pay and placed into a 403(b), $133 is saved in your name and on your behalf in a retirement account of your choosing. (example is based on the most common 25% tax bracket)

Now what? It's easy.

403(b)'s are set up at no cost to you through a third party administrator. That's where we come in. Call or e-mail us to start the process and we will explain to you your options for the federal part of your pension and you can start taking advantage of this huge benefit today.

.(JavaScript must be enabled to view this email address)

1-877-797-7285

 

Paul Pent & .Associates is not employed by the state of Florida but works in conjunction and is licensed with the state (P040719) to provide suitable 403(b) plans for state employees.

The Only Way to Retire Tax Free

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There is a way to retire tax free. It takes some planning and a little brain power, but it does work. Here is a short video to check out. Watch it and order your free report today to start protecting yourself from future taxes now!

click here to watch video: How to Retire Tax-Free

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