Four Large Risks
To Your Life Savings
Risk #1
Taxes
Your largest debt in retirement is probably not your mortgage or car payments, but it could be your 401(k) and IRA accounts. Don't think Uncle Sam isn't patiently waiting for payment—on ALL of it.
Financial advisors often tell their clients to wait until 73. Funny, that's the same advice as Uncle Sam and the IRS. If you're not paying attention, they could collect over double the taxes from your spouse and kids when you're gone.
At Golden Reserve, a CPA will build a customized IRA Tax Plan designed with the goal of assisting you in minimizing your IRA taxes by avoiding the Widow & Kiddos IRA tax penalties.
Risk #2
Market Risk
Which of your investments can go backwards?
How much would they go backwards if a 2008 scenario happened again?
Shockingly, few retirees can answer these questions correctly. How is that possible? The risk level of your life savings is one of the most important questions in retirement. Many retirees incorrectly assume the financial advisor they used to get to retirement made their desired risk adjustments at retirement.
Our Market Risk Report shows not only the exact percentage of your assets at risk, but how many dollars, down to the penny, you could lose if a 2000 or 2008 market crash happened again.
Risk #3
Fees
How much of your money is going towards financial advisor and investment fees? You most likely won’t find the answer on a statement.
Our Fee Analysis uses special software to break down each of your individual investment costs so you can see the full picture of the fees you’re really paying, and what you're paying the advisor who chose them.
Risk #4
Long-Term Care
We are living longer now so it makes sense that one of your large risks in retirement is long-term care. It's almost a certainty that you or your spouse will need it. And at over $100,000 a year, who is going to pay? Medicare won't and neither will Medicaid, until you’re broke. The bill goes to you and your spouse, and that’s why you need a Long-term Care Plan.
Financial advisors sometime overlook long-term care or use costly insurance products as a solution.
Retirement Planners know there are more than just financial options to protect your assets from the high cost of a nursing home, which is why we create a Long-Term Care Plan to find the right professionals and tools to protect you from this risk.
Navigate These Risks with a Roadmap for Retirement℠
The Roadmap for Retirement℠ is a no-charge, no-obligation plan to address the risks to your retirement. Request yours today.