A recent study shows that brokers with a disciplinary history tend to go into the insurance industry. We explain what a "35% bonus" on a complex annuity product really means. Has an insurance agent ever disclosed the total commission paid on annuity products. Then, the callers keep us in the insurance product groove with questions about:The value of a universal life policy for savings.Does it make sense to move a 401k into an annuity?Does it make sense to convert a pension payout to an immediate annuity?
It is time to open up the mailbag and answer your listener questions! Because what matters most is what matters to you. In today's episode Libby answers 3 questions advisors posed in the Efficient Advisor Community and on LinkedIn:Help! I'm hiring my first part-time team member. What do I need to do and consider to make the right choice!?What makes a good referral gift? Can I create a system for this? Do you have ideas for repeat referrers? When a client calls and my team can't answer the question, what's the best process for capturing these details, getting answers, and doing call backs without sending me a zillion emails? Do you have a system to help us streamline this type of customer service?Do you want to submit your question to Libby? You can:Create a thread in the Efficient Advisor Community on Facebook (bonus: other advisors from around the world contribute answers, ideas, and resources)Each month Libby will do a Q&A thread in the Efficient Advisor Community and you can comment on that threadYou can send Libby a message on LinkedIn, her favorite platform!--------------------------------------------------LINKS FROM THIS EPISODE: iTunes Links to Episodes Mentioned: Invest in a Kolbe A Index and Kolbe Right Fit Here! #012: Designing Your Perfect Schedule to Get it All Done in Less Time - Here!#046: Two Assessments You Need to Dramatically Increase Personal & Team Productivity w/ Glenn Shelton - Here!#015: 7 Strategies to Reduce Team Interruptions with Productivity Expert Amber de La Garza - Here!3-Part Video Series on Hiring with Erin Carlson - Here! Connect with Libby on LinkedIn HereWant to hang out with me, Matt Jarvis, Steven Jarvis and some other amazing advisors at The Perfect RIA Pre-conference Event at XYPN Live? Check out this link!Curious about the Efficient Advisor Group Coaching & Mastermind? Get on the waitlist here for more information on the next session coming this August. Successful businesses don't get built alone. You need community! You need collaboration! Join us in The Efficient Advisor Community on Facebook.Check out more FREE resources and our FREE video library at http://www.theefficientadvisor.com Looking for all the resources from this episode? Check out this episode's webpage for show notes, transcripts, downloads and more!
A study shows that a large percentage of Americans don't understand stocks. Then, we hear from a bunch of listeners:Is an advisor likely making a decent suggestions?Does it makes sense to extend a "target date" to make a portfolio more aggressive?A "friend" suggests moving a government deferred compensation plan to his brokerage firm.Is his fiduciary charging extra fees?
Recently we had a conversation with an agent who was down on themselves for the lack of production despite a high lead cost and maximum effort. In this episode, we want to encourage any agent right now who is feeling the affects of a down summer and how you tweak your process in the midst of uncertainty.
With an old pension plan kicking around, I'm being presented with some options. Which should I choose? Have a money question? Email us, ask jill [at] jill on money dot com. Please leave us a rating or review in Apple Podcasts. "Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
Don's taking your questions again:What does it take to sell an RTF?In which funds can money from VT be parked to avoid wash sale rule?What's the story of JEPI (a complex ETF from JP Morgan)?Are ETFs an better deal than Fidelity's Zero funds?In which ETFs should rebalanced assets be invested?Should retiring wife keep her money with Empower?
Reverse Mortgage. Need an extra stream of income, pay off existing mortgage, and/or private pay for long-term care? A reverse mortgage may be a good option for you. Gina, and Greg discuss the benefits of reverse mortgage in this week's edition of the Elder Law Report.#reversemortgage #mortgage #retirement #longtermcare #medicaid #nursinghomecare #trusts #trust #estateplanning #medicare #elderlaw #attorney #lawyer #retirementincome #retirementplanning
The latest reports on inflation have given the economy indigestion. The Consumer Price Index hit 9.1%, the Producer Price Index hit 11.3%, and the Fed's preferred gauge, the Personal Consumption Expenditures Price Index or PCE, hit 6.8%. They are all signs that inflation is much too high and the reason the Federal Reserve just hiked short term interest rates another whopping three-quarters of a percent. So what's the best way to invest when inflation is working against you? (1, 2, 3)Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review.Four Peaks Capital put together a great list of all the options that I received in an email which I will share with you in this episode. The company is mostly focused on large multi-family projects, but this list pertains to everyone.Investing Options1 - First on the list is cash. It's not an investment as much as it is a way to preserve a certain quantity of money. But when there's a high rate of inflation, that same quantity of money will be worth less over time. As Four Peaks explains: Putting $100,000 under your mattress for something you want to buy in a year, won't cover the cost. At today's rate of inflation, you'll need an additional 9.1% or $9,100. So hiding your money under the mattress isn't a great idea if you don't want to lose money. Warren Buffett would agree. He says: “The first rule of an investment is don't lose money. The second rule of an investment is don't forget the first rule.” Let's take a look at your other options.2 - You can invest in stocks. Wall Street is a magnet for investor enthusiasm and money, but people are often invested at the worst possible times. A period of inflation is typically one of those times. As inflation rises and the Federal Reserve raises rates, stocks often fall because it'll cost more money for companies to get the funding they need to do business. We've seen some major stock losses lately because of investor concerns on inflation.3 - Crypto, Blockchain, and NFTs have become a new investment category, and it's gotten a lot of attention, but it's also very volatile. The crypto market had soared to a peak of about $3 trillion dollars, but when the economy got choppy, crypto got chopped. Investors liquidated their gains and the crypto market quickly shrank to just $1 trillion. The high-flying leader of the pack, Bitcoin, had actually hit $69,000 earlier this year but is now down to one third of that value.4 - You can buy Certificates of Deposit, or CDs, as a more traditional and safer way to invest money. NerdWallet has a list of CDs, and its top choice is a CD with a fixed 5-year term at 3.35%. But even that percentage won't make you money because inflation is so high. At 9.1%, inflation wipes out the gain and leaves you with a -5.75% loss.5 - You can put your money into a Money Market Account. But the interest you'll earn is even less than a CD. It's more like 1% right now, although that could increase as the Fed raises rates, but at 1%, you stand to lose -8% of your investment because of inflation.6 - High-Yield Savings Accounts are another option. They are supposed to give you a better interest rate than money market accounts. But the extra bump in interest only reduces the loss you'd get from a CD by a tiny amount.7 - Annuities can provide better gains, but they still don't offset today's rate of inflation. Four Peaks explains it like this: “Some of the best fixed-income annuity rates right now hover in the 4.5% range, but that doesn't take into account administration fees of 1-3% annually, putting real rates at 1.5% to 3.5%. In the best-case scenario, the annual loss of the best annuity is -5.6% when considering inflation.”8 - And then you have Treasuries. The 10-year treasury might give you 2.96%, but when you account for inflation, you end up with a loss of -6.41%. So, we've run through “eight” investing options and none of them make your money grow when inflation is as high as it is. That leaves us with an eighth option that covers a lot of “ground,” no pun intended. As Four Peaks puts it: “Cash flowing tangible assets tied to essential goods… that consumers will always need… like shelter.” Four Peaks says: “That's why certain classes of commercial real estate like affordable housing will thrive in downturns.” 9 - The ninth option is real estate. At RealWealth, we focus on single-family rentals which also provide a tangible asset that's in high demand. The foreclosure crisis produced the first big surge in demand for single-family rentals. And now we're seeing a new surge because people who can't afford to buy a home, still crave the single-family lifestyle.We recently had an investor on my other podcast, The Real Wealth Show, who was not discouraged by today's market. Jimmy Vreeland believes that the housing market slowdown is providing an opportunity for investors to find deals, and there's no better time to buy real estate than the present. He says: “You don't wait to buy real estate. You buy real estate, and wait.” In other words, the value of your real estate will go up in time. Jimmy talks about how you can maximize that potential with the "value add" concept.Plus, when you borrow money, like most people do when acquiring real estate, you are getting another hedge against inflation. It's like the inflation is eating away at your debt.If you are interested in hearing more about how to invest in real estate when prices are high, please check out Jimmy's interview. He's both entertaining and inspiring. You'll find it at newsforinvestors.com. Just click on the Learn tab. You'll find the interview under the Real Wealth Show with the title “Invest Now or Wait?”And please remember to hit the subscribe button, and leave a review!Thanks for listening. I'm Kathy Fettke.Links:1 - https://www.marketwatch.com/story/coming-up-consumer-price-index-for-june-116577136652 - https://www.marketwatch.com/story/u-s-wholesale-prices-surge-again-and-signal-inflation-is-still-running-hot-116578024323 - https://www.marketwatch.com/story/coming-up-pce-inflation-and-consumer-spending-11659096833
Each week I am going to recap the implementable ideas from this week's full length podcast. Consider me your accountability fairy! Here are the Action Items to Tuesday's podcast: Clever Productivity Solutions to Short, Medium and Long-Term Tasks -------------------------------------------------- LINKS FROM THIS EPISODE:Connect with Avi on LinkedIn HereDownload Avi's PDF HereWant to hang out with me, Matt Jarvis, Steven Jarvis and some other amazing advisors at The Perfect RIA Pre-conference Event at XYPN Live? Check out this link!Curious about the Efficient Advisor Group Coaching & Mastermind? Get on the waitlist here for more information on the next session coming this August. Successful businesses don't get built alone. You need community! You need collaboration! Join us in The Efficient Advisor Community on Facebook.Check out more FREE resources and our FREE video library at http://www.theefficientadvisor.comLooking for all the resources from this episode? Check out this episode's webpage for show notes, transcripts, downloads and more!
The year 2022 has been quite volatile in the financial markets. Has this changed our attitude about retirement? In this show we explore a recent survey about what savers and employers are feeling when it comes to retirement. You might be surprised what people want as part of their retirement plans.
Don and Tom discuss an all too common problem, reaching age 65 without enough money to live comfortably. What can you do if you find yourself in this situation and how can you avoid it.Plus, a listener comments on Don's brother's death and Don share a couple of minutes from his memorial.
Our benefits Specialist, Ryan Begley, makes it easy for you to talk about getting your financial affairs in order. The process can take as little as 15 minutes or as long as you need. Schedule your FREE consult today!Call: 704-218-9223Email: firstname.lastname@example.orgOnline at: mymcfi.com#estateplanning #elderlaw #lawyer #attorney #realestate #longtermcare #financialplanning #financialplanner #insurance #lifeinsurance #longtermcareinsurance #jigglejiggle #fyp
HERO'S Talk Radio with hosts Dave and Laurett Arenz is presented by the Freedom Financial Radio Network. Through their Triple Crown Solution, Dave and Laurett coach clients to achieve financial independence by presenting options that provide safety, liquidity, and a great rate of return for tax-free account accumulation and distribution. As founders of HERO'S Strategies, … 08/06/22 – HERO’S Talk Radio Read More » The post 08/06/22 – HERO’S Talk Radio appeared first on HERO'S Strategies, Inc..
On Financial Matters about the difference between tax-free savings account vs retirement annuity and the new rules surrounding your pension.See omnystudio.com/listener for privacy information.
In case you hadn't noticed, the future is getting just a 'tad' more unpredictable every day. That's why protecting your core capital and securing your retirement income are such high priorities. Smart people are seeing the need for more certainty going forward. And...many are turning to NEXT GENERATION annuities to meet that need. Once you reach age fifty or sixty, why WOULDN'T you want a floor under your money? Annuities are not for young investors aged 20 to 40. They are for those who want a retirement that can weather the worst of economies, without losing a penny or missing a beat. The key benefit that modern day annuities may provide a retired person is a contractual guarantee of principal and income—regardless of market conditions.There are four different types of annuities, and due to current low interest rates and volatile markets, THREE of those types may not be recommended. Today, Steve will review exactly WHICH annuities are leading the pack, and which might be right for you. Then Medicare expert Shelley Grandidge joins us for the Q & A. A power packed and timely show you DON'T want to miss...MASTERING MONEY is on the air!!!
Our guest on the podcast today is Wade Pfau. He is professor of retirement income in the Ph.D. in financial and retirement planning program at the American College of Financial Services. He is also co-director of the American College Center for Retirement Income and RICP program director at the American College. Pfau has written several books, including his most recent, Retirement Planning Guidebook. He is a co-editor of the Journal of Personal Finance, and he publishes frequently in a wide variety of academic and practitioner research journals. He hosts the Retirement Researcher blog and is a regular contributor to Advisor Perspectives, MarketWatch, and Forbes. Pfau holds a doctorate in economics and a master's degree from Princeton University and Bachelor of Arts and Bachelor of Science degrees from the University of Iowa. He is also a Chartered Financial Analyst.BackgroundBioRetirement Planning Guidebook: Navigating the Important Decisions for Retirement Success, by Wade PfauWade Pfau booksWade Pfau blogs posts on Retirement ResearcherRetirement Income StrategiesAlex Murguia“Selecting a Personalized Retirement Income Strategy,” by Alejandro Murguia and Wade Pfau, Retirement Management Journal, Dec. 1, 2021.“Determining Your Retirement Income Style,” by Wade Pfau, financialplanningassocation.org, 2021.“Two Philosophies for Retirement Income Planning Part One: Probability-Based,” by Wade Pfau, forbes.com, Dec. 18, 2019.“What Is a Safety-First Retirement Plan?” by Wade Pfau, retirementresearcher.com.“The RISA Framework: A Systemized Approach to Personalizing Retirement Income Strategies for Clients,” by Wade Pfau and Alex Murguia, kitces.com, April 20, 2022.Inflation and Other Risk Factors“Bill Bengen: Revisiting Safe Withdrawal Rates,” The Long View podcast, Morningstar.com, Dec. 14, 2021.“Inflation, Deflation, Confiscation & Devastation—The Four Horsemen of Risk,” by Wade Pfau, retirementresearcher.com.“Wade Pfau: TIPS and Annuities Good Bets When Inflation Is High,” by Ginger Szala, thinkadvisor.com, March 31, 2022.“The Changing Risks of Retirement,” by Wade Pfau, retirementresearcher.com.“The Four Approaches to Managing Retirement Income Risk,” by Wade Pfau, papers.ssrn.com, Dec. 31, 2019.“Don't Panic on Sequence of Returns,” by Amy Arnott, Morningstar.com, May 16, 2022.Withdrawal Rates“Wade Pfau: The 4% Rule Is No Longer Safe,” The Long View Podcast, Morningstar.com, April 29, 2020.“Retiring Soon? Why the Popular 4% Withdrawal Rule May Be a Bad Idea,” by Greg Iacurci, cnbc.com, April 13, 2021.“What Is the ‘Retirement Spending Smile?'” by Wade Pfau, retirementresearcher.com.Annuities“Retirement Income Strategies With Annuities,” by Wade Pfau, retirementreseacher.com.“Wade Pfau Takes a Balanced Look at a Retirement Product Some Advisors Love to Hate,” by Ed McCarthy, thinkadvisor.com, July 22, 2022.“David Lau: Taking High Commissions Out of Annuities,” The Long View podcast, Morningstar.com, June 21, 2022.“Are Annuities Too Expensive?” by Wade Pfau, linkedin.com, July 2, 2021.Long-Term Care“Costs and Incidence of Long-Term Care,” by Wade Pfau, retirementresearcher.com.“Managing Long-Term Care Spending Risks in Retirement,” by Wade Pfau and Michael Finke, lecp.naifa.org, Jan. 7, 2020.“Hybrid Long-Term Care Insurance Policies,” by Wade Pfau, retirementresearcher.com.Other“Laura Carstensen: ‘I'm Suggesting We Change the Way We Work,'” The Long View podcast, Morningstar.com, Sept. 14, 2021.
Running a financial planning practice is a lot like being the ringmaster of a 47-circle circus. We manage a lot of chaos… and when done well, we put on a heck of a show! But, often when you step out of the light, you feel a little… exhausted. Every ringmaster loves a good life hack. You know, the kind that helps you get something done faster, the kind that helps you stay organized or the kind that frees up your time to work on the stuff that really matters. In today's episode we're really going to focus on the 3 different areas we need to be employing these productivity strategies to manage our circus:SHORT TERM: The time-sensitive stuff that needs to get done right now – the tasksMEDIUM TERM: The projects we have going on – little longer in timeframe, and a little longer in scopeLONG TERM: The big picture things – the CEO stuff. Business building and scaling.Come one, come all! Join Productivity Coach Avi Friedman and I to explore different ways that you can get and keep your “ish” together while moving forward on your big goals. ----------------------LINKS FROM THIS EPISODE: Connect with Avi on LinkedIn Here Download Avi's PDF HereWant to hang out with me, Matt Jarvis, Steven Jarvis and some other amazing advisors at The Perfect RIA Pre-conference Event at XYPN Live? Check out this link!Curious about the Efficient Advisor Group Coaching & Mastermind? Get on the waitlist here for more information on the next session coming this August. Successful businesses don't get built alone. You need community! You need collaboration! Join us in The Efficient Advisor Community on Facebook.Check out more FREE resources and our FREE video library at http://www.theefficientadvisor.comLooking for all the resources from this episode? Check out this episode's webpage for show notes, transcripts, downloads and more!
In this episode, The Annuity Man and John Lenz discuss: How inflation affected annuities Return On Premium MYGA's The cost of not having a pivot feature Advantages of a guaranteed base Key Takeaways: The rise in interest rates has been a positive for the annuity space in general. SPIAs have responded nicely where the Single Premium Immediate Annuity is now buying more robust monthly income. A better name for ROPs or Return On Premium is Pivot MYGA since it gives you the option to pivot, which means to take your money and go to another company with a higher rate. Suppose interest rates go up and you want to go out of your annuity, and you don't have this return on premium feature. In that case, you'll pay a penalty to the insurance company because they'll have to liquidate the investments that they purchased with your money at a loss in addition to the surrender charge. You'll be able to invest your portfolio for long-term growth if you have a guaranteed base. "A lot of people get a little bit antsy about that, ‘what if I die early?' why don't I hear anybody complaining about, ‘what if I pay into social security my whole life then die at 66.' Was that a bad deal? No, because you don't need social security anymore. Cause you're dead!" — John Lenz Connect with John Lenz: Website: https://www.lenzfinancial.com/ Connect with The Annuity Man: Website: http://theannuityman.com/ Email: Stan@TheAnnuityMan.com Book: Owner's Manuals: https://www.stantheannuityman.com/how-do-annuities-work YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g Get a Quote Today: https://www.stantheannuityman.com/annuity-calculator!
You can't know the future. So, what do you do, then? Tom has some ideas.Then, Tom takes questions:What is the impact of a government pension on Social Security payments?What do all of those letters at the end of mutual fund names mean?What are the benefits of third-party trusts?What should be done with a costly short-term bond fund?Is a short or intermediate bond fund better?Can assets be moved tax-free into a donor-advised fund?
Summertime is usually a down period in our industry. You can expect a reduced lead flow, answer rate on calls, and appointment rate, but there still are people who need help! In this episode, we'll cover how to navigate the summer to still ensure a productive season of business.
When we mention the word “annuity,” we're talking about an insurance contract designed to pay out invested funds in a fixed income stream in the future. The thing is, not all financial advisors recommend them. The reasons they often give are excessive fees, inferior rate-of-return potential, or limited liquidity. But Morningstar's David Blanchett says failing to discuss annuities as an option is a breach of their fiduciary duty. In other words, they're not acting in a client's best interests. Hear John's your stance on annuities and how he can help you NOT run out of money!
During this episode, we'll first examine some of the ways that Roth IRAs may be a good fit for certain financial strategies before pivoting to discussing some of the prominent financial scams that are currently making the rounds.
We are continuing our discussion this week on annuities and the value they have with a balanced portfolio. We'll focus specifically on the differences between annuities and bonds with our special guest host, Joe Casey. An annuity is a contract with an insurance company that ensures income in the future. It's simple and can be valuable to the right investor. On the other hand, bonds are a bit more complex and are reactionary to interest rates. Join us today as we break down these differences and consider which investment is best for you. Redefining Wealth® Custom Income Plan: https://redefiningwealth.info/schedule/ Rate, Review and Subscribe to the Podcast: https://podcasts.apple.com/us/podcast/retirement-talk-podcast-with-laura-stover/id571347188 How to Connect: redefiningwealth.info lswealthmanagement.com Schedule a Review: https://redefiningwealth.info/schedule/ Timestamps (show notes): 4:48 – What is the foundation of annuities? 8:31 – Index crediting 14:41 – Income riders on annuities 19:35 – Assets and income are different 24:09 – Planning for home healthcare
Happily, Don is back in the studio taking your wonderful questions:Why are we being so hard on annuity salespeople?Will Voyager Digital customers get their money back?How will I-Bond rates change in the future?What are some Fidelity fund alternatives for 529?Should he sell some stocks to take tax losses?