Category: Finance

Jay Winestein discusses how to mitigate and lower taxes as much as possible to prepare for retirement.  Listen to the interview on the Business Innovators Radio Network:  https://businessinnovatorsradio.com/interview-with-jay-winestein-founder-of-deepdive-retirement-discussing-taxes-in-retirement/ The level of a retiree’s post-tax liabilities can have a large effect on the quality of retirement. Utilizing pre-tax 401ks, 403b, Deferred comp plans, IRAs, etc. while working are good for tax deductibility and for those looking to lower their current taxable income and taxes. Moving forward, however, the resultant future tax liabilities at retirement can be relatively quite large. Distributions from…

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Jay Winestein discusses how a sequence of returns can affect a retiree.  Listen to the interview on the Business Innovators Radio Network: https://businessinnovatorsradio.com/interview-with-jay-winestein-founder-of-deepdive-retirement-discussing-life-expectancy-credits-part-2/ The sequence of returns issue, the order of the returns in a portfolio, can become problematic for a retiree when they call it quits and retires and then needs to draw a regular income from the investment account. In particular, problems can occur when there are losses or lower returns than the withdrawal rate plus fees. For example, when a portfolio loses 10% and the withdrawal is…

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Nick Bliss discusses how Clear Strategy aims to provide confidence around financial planning by utilizing its experienced advisors to create a customized plan tailored to better support their clients’ financial, family, and life goals. Retirement planning is integral to financial planning and needs to be considered from a holistic perspective. Retirement planning encompasses more than simply ensuring that one has enough money saved for retirement, but also a plan for using those funds most effectively throughout retirement years. Retirement planning must consider the changing needs of individuals over time as…

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Jay Winestein discusses how Life Expectancy (LE) Credits can help sustain retirement income.  Listen to the interview on the Business Innovators Radio Network: https://businessinnovatorsradio.com/interview-with-jay-winestein-founder-of-deepdive-retirement-discussing-life-expectancy-credits/ Large-scale pensions rely on the idea of how long individuals live in large groups. Life Expectancy (LE) credits are a crucial part of this large group actuarial concept that can add significant value to an individual’s retirement income. To simplify a sophisticated idea, in a large group of 100,000 individuals, some will live to total life expectancy or beyond, and some will fall short. The LE…

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Nick Bliss discusses how Clear Strategy aims to provide confidence around financial planning by utilizing its experienced advisors to create a customized plan tailored to better support their clients’ financial, family, and life goals. Whether it’s a newly empty nest, marriage, divorce, moving, a big promotion at work, aging parents, selling a business, or starting a new one…change is inevitable. Everyone wants a golden retirement. But saving for retirement is no easy task. The baby boomer generation is graying. More and more people are approaching retirement age. With Social Security’s…

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Stephen Ross discusses how he serves his clients by making the best decisions on health Insurance.  Listen to the interview on the Business Innovators Radio Network: https://businessinnovatorsradio.com/interview-with-stephen-ross-ceo-of-ross-insurance-brokers-dave-ramsey-trusted-provider-discussing-health-insurance/ When making decisions about health insurance, people must consider their needs and preferences. They should consider the type of coverage they need (e.g., preventive care or chronic illness management) and whether they have specific providers that they want to use. Also, compare deductibles, copayments, coinsurance, out-of-pocket limits, prescription drug plans, and network size before making a decision. Make sure to understand any exclusions…

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Jay Hummel discusses the best practices for financial planning firms that want to grow revenues with operational effectiveness.  Listen to the interview on the Business Innovators Radio Network: https://businessinnovatorsradio.com/interview-with-jay-hummel-ceo-and-co-founder-of-wealth-advisor-growth-network-wagn/ Financial planning firms are in an ideal position to capitalize on growth opportunities with increased operational effectiveness. By following best practices for financial planning, firms can maximize their profits and minimize potential losses due to inefficient business operations. One of the essential steps in any effective financial plan is establishing a budget that sets the parameters for how much money should…

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The inflation rate today is widely reported and much discussed. Yet, the most commonly reported number, 12-month inflation, is too broad to determine where inflation is heading next.

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Steven Lippman discusses Fixed Indexed Annuities; listen to the interview on the Business Innovators Radio Network:  https://businessinnovatorsradio.com/interview-with-steven-a-lippman-lutcf-mba-founder-of-lippman-insurance-group-discussing-fixed-indexed-annuities/ Steven explained: “Fixed-indexed annuities are popular retirement planning tools that offer several benefits. This type of annuity provides fixed income with the potential to earn interest linked to the rise and fall of stock market indices. By understanding the top five benefits of these annuities, you can make an informed decision about how it fits into your long-term financial strategy.” Guaranteed Income Stream for Life An individual investing in a fixed-indexed annuity is…

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Scott MacKillop discusses the top benefits of using a Turnkey Asset Management Provider for financial planning firms.  Listen to the interview on the Business Innovators Radio Network:  https://businessinnovatorsradio.com/interview-with-scott-mackillop-ceo-of-first-ascent-asset-management/ Scott explained: “One of the major advantages of using a turnkey asset management provider is that they offer various services to help manage investments more efficiently. This includes research and analysis, portfolio optimization, performance monitoring, risk management, rebalancing, tax planning, and cost savings. They can also provide advice on how to utilize resources best. Additionally, they can handle the paperwork associated with…

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