iCLAT Interview w/ Brad Gornto
{8 minutes to read} Michael Fliegelman: Previously, we discussed in detail, qualified plans — IRAs, 401(k)s, pension plans — and how these may be great tools to accumulate wealth, which is like the first chapter in financial planning. Chapter 2 is when we hit retirement age and take a distribution, and Chapter 3 is wealth preservation. And while a qualified plan gets an A+ rating in accumulation, it only gets maybe a C+ in distribution, and even a D- in wealth preservation. In wealth distribution, all of the [...]
Retirement Planning Risks
{1:00 minute to read} In mountain climbing, the goal for most people is to get to the top. The challenge, however, is that once you are at the top, you need to make it back down to the bottom. In the 2015 movie Everest, which documents an expedition by a group of climbers, getting down the mountain was truly the challenge. So it is with retirement planning. Once you have reached the retirement goal, will the planning you have done be enough to last? The risks to retirement planning [...]
Milevsky: The Most Important Financial Goal in Retirement Isn’t What You Think
{2 minutes to read} In this article, we have an interview with an annuity expert named Moshe Milevsky, called The Most Important Financial Goal in Retirement Isn't What You Think. The article explains that retirement is where annuities have a tremendous, tremendous advantage, which can lower the stress of human beings as they get older. As we age, many of us have witnessed how people become somewhat concerned or even paranoid about their financial situation. When people reach age 80 or 90, taking away some of the stress [...]
Laddering Fixed-Rate Annuities Offers Rates that Beat Bank CDs, Plus Flexibility
{2 minutes to read} Below is a link to an article by Ken Nuss, about retirement planning and annuities, that I wanted to share with everyone. As the article points out, this is an alternative to the traditional way of retirement planning and may be the road, less traveled, that is sometimes worth going down. When people decide to retire, they generally have an investment portfolio. They have stocks, bonds, mutual funds, and ETFs — all traditional vehicles designed to accumulate wealth, not distribute it. The article talks [...]
The Estate Planning Landscape
{2.5 minutes to read} Today, I want to talk about the estate planning landscape in the United States. It seems to me that, whenever a new administration comes in, there is always a potential for change. Since the prior administration increased the lifetime exemption to an amount that now equates to over $12 million per person, the thought process is that now is the greatest opportunity we've ever had for wealth transfer in America. So, if you're a married couple, you can pass up to $24 million. Now, [...]