Wealth Management With Independent Financial Advisers

A 2×2 forced matrix program has many positive attributes which make success a lot easier than other programs:

1. Getting people to join is easier – as they perceive less effort to achieve success than other larger matrix programs.

2. The New Guidelines of How one can Retire in these Uncertain Times, Retireing in 2011

Consider these statistics:

The largest growing population segment in our country is people 100 years or older.

Within the next decade, most of the boomers will reach traditional retirement age. About 25% of the U.S. population–one in four people–will be retired.

Many of us will spend more years in retirement than we did working.

Yet when you search on the internet for retirement help, you’ll find page after page almost exclusively focused on making money and building wealth for retirement rather than managing wealth in retirement. No one seems to be educating retirees about managing their income and developing the right distribution strategies. Estate planning is well covered–probably because it’s a “goal” to provide money to heirs. But helping retirees to manage the money they have today, while they are still in retirement, is conspicuously absent in most financial education efforts.

From our experience in educating our clients for retirement, there are seven key areas where retirees need both financial education and financial planning in order to protect and preserve wealth:

Money management. Managing your monthly expenses to ensure they are not forced to take large distributions from their retirement nest eggs to meet current obligations.

Cleaning up the nest. Out of site, out of mind is far too often the mantra for retirees. However, a failure to organize can be disastrous later on. Pull together all those retirement accounts: IRA’s (yes, some folks do forget about older IRA’s they have), old 401k’s from previous employers, annuities etc. review and consolidates. Roll-over that 401k to your IRA, which is almost always in your best interest. Make sure the right information, such as beneficiaries are on the accounts and they are set up directly. Once you or your spouse dies, it’s too late.

Distribution planning. Planning distributions to ensure that you are not taking too much or too little from their retirement accounts, minimizing tax liability, and meeting Required Minimum Distribution amounts.

Managing your money and continuing to accumulate assets. Now that retirees are living longer, their nest eggs must last longer. The old paradigm of becoming more conservative in retirement can sometimes backfire if retirees become too conservative and stop growing their assets. It is important to make sure that they are continuing to grow their nest egg to at least keep pace with their distribution needs and to outpace inflation and taxes.

Protecting wealth. Your financial security can not be left to chance, especially in your golden years. Just because you’ve achieved financial security, does not mean your financial planning is over. You can spend a lifetime updating yourself on the subject, so you have two choices: be the expert or hire one. It does no good to spend your life saving and investing wisely only to give it all back to Uncle Sam! After all, it’s what you and your loved ones keep, that counts.