Life Cycle Financial Planners, LLC

Tag: retirement planning

  • Guaranteed, Lifetime Income Trumps Asset Accumulation in Retirement.

    Guaranteed, Lifetime Income Trumps Asset Accumulation in Retirement.

    What is more important in retirement, assets or guaranteed income? More and more retirees want lifetime income and protected principal. 

    Too many people are tired of seeing their retirement assets whipsawed by the markets and guaranteed income is receiving its proper share of consideration. With markets at all time highs, now is a perfect time to convert assets to income.

    People want security and less stress as they transition into retirement. Before retirement, we focus on accumulation and growing our assets. Time is on our side and we are still earning income. These are powerful factors that justify this mindset. More assets means more future income. We see this validated when purchasing income generating annuities.

    Decumulation.

    Decumulation is the technical term for the distribution phase of retirement. Who does it benefit to remain focused on asset accumulation, in retirement? More and more economists and retirement professionals are suggesting that we shift our focus from asset accumulation to asset protection and guaranteed, lifetime income. As retirement experts, we are questioning the conventional wisdom that underpins this issue. Like everything in financial planning, each person’s circumstances are unique and this uniqueness drives individual recommendations. Factors such as succession and health play a role in how much of our retirement assets should be converted to income. For each of us, there is a perfect balance.

    You can reach us at 561-869-4500 or email Ted to arrange for a complimentary consultation. If you are worried about keeping your retirement assets at risk, let’s talk.

  • Customize Your Annuity With Innovative “Apps” or Riders.

    Customize Your Annuity With Innovative “Apps” or Riders.

    https://www.youtube.com/watch?v=X8nOX8-BNSI

  • Does Your Retirement Plan Provide You With Enough Guaranteed Lifetime Income?

    Does Your Retirement Plan Provide You With Enough Guaranteed Lifetime Income?

    With interest rates at historic lows and people living longer, guaranteed lifetime income is critical to a secure retirement plan.  I recently wrote an article about Longevity Risk in a column I write for the Boca Raton Tribune about Life Cycle Financial Planning. It is just as relevant today.

    “A lack of awareness and understanding about guaranteed income solutions is keeping an alarming number of people at risk during retirement. Most people feel safer and more secure with adequate amounts of guaranteed lifetime income.  Without it, you are missing a key component of a balanced retirement plan.  With it, your future is anchored in security, allowing you to consider more risk in other areas.  An experienced specialist in guaranteed income solutions can help you determine the appropriate amount of income for your specific retirement plan.”

    Click Here to Read the full article on how you can Take Charge With Income You Cannot Outlive

  • Women Face Unique Threats In Retirement – CNBC’s Epperson On Why Annuity Should Be Part Of A Plan

    A big part of our practice is dedicated to helping women create retirement security. We discuss the challenges facing many single women face planning for retirement.  A common concern shared by all women is how they will manage complex portfolios that require attention and time and is that necessary. The challenges of managing a complex portfolio of equities or bonds gets more difficult with age. We offer insight to men and women about just how difficult this process is at 80 or 90 years old. Once people come to learn about the benefits and the guarantees of income annuities, they begin to shift their risky equities to no-risk, guaranteed income contracts.

    woman-cnbc-epperson-retirement-video

    Helping Women Retire Securely

  • What Is Our Single-Most Important Concern About Your Retirement?

    What Is Our Single-Most Important Concern About Your Retirement?

    guarantees-black-and-white-ad-1-slide

  • The SAFEST Guaranteed, Lifetime Income Solution – Everything Guaranteed!

    https://www.youtube.com/watch?v=u6sQK1zLKJU

  • How Much Life Insurance Should You Buy?

    How Much Life Insurance Should You Buy?

    Term Insurance Rates Are Remarkably Low! How Much Life Insurance Should You Buy? From Who?

    It is important for consumers to have a good understanding of how inexpensive term insurance really is to own. Once you engage with a professional to start the process, a robust discussion will usually follow about “how much” coverage do you need to meet your goals and objectives. From there, you should learn about state of the art innovations to reduce premiums, create value and increase flexibility. Maximum flexibility and the ability to customize for most people, is more important than anything else.

    The Installment Payout Option – Just one example: Most people buying life insurance today for income protection prefer to have the proceeds paid to their heirs in a partial lump-sum with the balance paid in equal, guaranteed installments over a time period they choose. Life insurance buyers now can control how the proceeds are paid to their beneficiaries at the time they purchase the policy. Until recently, beneficiaries were always paid in a lump-sum. Now, at the time of purchase, you instruct the insurance company to pay GUARANTEED, pre-determined payments over a time period you selected. The premiums can be up to 40% less, EVERY YEAR!

    Things change as time goes by. The Installment Payout Option allows you to re-design the structure of payments at any time to meet the needs of your family, without underwriting.

    Still, too many people are only concerned about the minimal premium differences among different insurance companies. They key is to work with a professional to first customize exactly what you need and want the policy to do in the short and long term. Not doing so is the equivalent of going into an auto dealership and demanding the least expensive car without first “building” the car to meet your unique goals and objectives. Worse is the fact that most people are not aware of these relevant innovations that can now be customized into your policy. More and more insurance companies are creating products that allow experienced professionals to design the perfect policy for you.

    I offer a complementary consultation, by phone or in person, which is designed to help you explore the innovations that now exist and to determine if I am the right professional for you. I have 30+ years of experience that will ensure you end up with the perfect plan and products for you.

    Send an Email to Ted Bernstein or call my direct number at 561-869-4500. Upon request, I can provide you with many clients or professional advisors who can speak to the experience of working with me and my family.

  • What Should You Choose: Time or Money?

    What Should You Choose: Time or Money?

    An excellent article in The New York Times Sunday Review 

    “But when it is a choice, the likelihood of choosing more time over more money — despite the widespread tendency to do the opposite — is a good sign you’ll enjoy the happiness you seek.”

    Given the choice between more time or more money, which would you pick? For a beach vacation, you might pay more for a direct flight to gain a couple of extra hours getting sand between your toes.  Read More…