The Retirement Solved "Plan it Together" Process

Transcription

1 The Retirement Solved "Plan it Together" Process Unconventional. Efficient. Effective The Retirement Solved proprietary planning process takes a collaborative approach to getting you prepared for retirement and helping you transition into retirement with a sustainable for life financial plan. The process can also help those who are already retired with new strategies and a new plan. The process requires you to take both ownership and involvement as we Teach, Analyze, Strategize and Guide you on your retirement journey. We call our process smart because we take the time to educate you every step of the way. We believe confidence in your retirement is achieved through knowledge. Our analysis, strategies and guidance will give you comfort, a sense of calm and a feeling of control in a world that sometimes feels out of control. The process is efficient because we systematically and sequentially lead you down the retirement path. Each step is led by a fully trained and experienced retirement "coach" who will be your personal guide on this journey. With the proper investment, insurance and retirement training (and licenses), he/she is your fiduciary and will always act in your best interests. The final outcome of this process is a comprehensive retirement plan that we have built together. While you re welcome to use our services a la carte, we believe the optimal outcome for you is attained by committing to our full process. Proper retirement planning is not a quick and easy fix it takes time and effort. When you commit to partnering with us, we ll commit to helping you determine whether you have enough of the right stuff for retirement. We do our best to help you "know enough, get enough, keep enough and have enough" of the stuff that you care about. Life is Good. Retirement is Better. If You Get the Right Help. Are you ready to start planning your dream retirement? Learn more about our progressive process on the pages that follow. 1 P a g e Securities and advisory services offered through Cetera Advisors LLC, member FINRA, SIPC.

2 Retirement Solved Planning Process Overview The final outcome of our planning process will be a comprehensive retirement plan that clearly articulates how each of our Multi-Discipline Retirement Strategies (MDRS) in your plan will be designed, optimized and deployed. For each Strategy, we follow the same Retirement Solved: Teach, Analyze, Strategize and Guide steps. Each strategy is typically covered in one-two meetings, depending on the complexity of your needs. Before the Process: Educational Discovery Before engaging in our process, we ask that you complete some educational "discovery" to make sure you have: an idea of your current savings and assets, have some retirement basics under your belt, understand our process and feel like we might be a good fit. Here's the pre-work steps. 1. Find out what you've 2. Test your retirement 3. Take a 3. Check out our Retirement 4. Our got with our calculator I.Q. class or e-class Solved Webinar Planning Process 2 P a g e Securities and advisory services offered through Cetera Advisors LLC, member FINRA, SIPC.

3 During the Process : We Teach & Discover What You Need to Know We're Your Retirement Educator first and foremost. Driven by a passion to improve your retirement literacy while helping you understand the criticality of retirement planning, education is the foundation of everything we do. You don t need to know everything and you don't need to become a retirement planner (that s what we do), but we do believe you should know enough to uncover your retirement blind spots and side-step some of the basic financial traps. We truly believe knowledge is power and knowing more means having more. For each Multi-Discipline Strategy we'll discuss you'll be given access to a short video and a white paper to review the concepts in advance of our discussion on this topic. During the Process : We Analyze & Assess is You Have Enough of the Right Stuff Most people have no idea if they have enough income and investments to last a long retirement. Nor do they understand the negative impacts of various risks and taxes in retirement. Many have no idea when they can retire, or once they do, what their goals are for prospering in retirement. As Your Retirement Analyst we use data-driven analysis to both determine if you have enough of the right stuff. We also help you uncover more than just numbers as we explore your lifestyle goals and priorities in retirement. Whether you re counting the days or have 15 years until retirement, it makes sense to learn if you ll have the income you ll need to enjoy the retirement you want. This step is a great combination of number crunching and soul searching. During the Process: We Strategize & Design As Your Retirement Strategist, our number one goal is to get you the best possible sustainable retirement outcome while protecting it from any and all risks. We combine your retirement variables (income, investments, risks, etc.), proven financial theories, various financial products and sophisticated financial software to design your new or revised retirement plan. In this process, we re a bit like mad scientists, experimenting with the data and math to come up with just the right retirement success formula. The strategy has such a powerful impact that it can extend the life of your portfolio by 10 or more years. During the Process: We Guide & Deploy As Your Retirement Coach we turn knowledge, analysis and strategy into action by guiding you to proper conclusions and overseeing the implementation and ongoing review of your plan. All of our coaches are carefully trained as hybrid retirement professionals which means they are licensed to implement balanced plans with a proper mix of investments AND insurance solutions. As your most trusted advisor we also bring to the table a variety of other solutions and providers you need to fill out any missing links in your plan. The ultimate one stop resource for your retirement. Your progress is measured with our Retirement Solved Scorecard. Your advisor will meet with you in person or over the phone as often as necessary to make sure your plan stays on track. 3 P a g e Securities and advisory services offered through Cetera Advisors LLC, member FINRA, SIPC.

4 Retirement Solved Planning Process Details The Retirement Solved process is divided into three phases: Income Optimization & Distribution, Tax Efficiency and Risk Management. Phase 1: Income Optimization & Distribution Goals: Create an efficient retirement portfolio by repositioning assets properly utilizing stocks for growth potential and annuities/insurance for principle protection Properly file for Social Security benefits to maximize this important benefit Effectively utilize all income producing assets such as pensions and home equity Results: Implement an efficient Income Distribution Strategy to increase the probability of portfolio survival *The guarantees are backed by the claims paying ability of the issuing insurance company Client Pre-Work: Video and white paper review: income, investments, Social Security, annuities Meeting #1: Discovery and Information Gathering - Initial meeting in which all questionnaires are completed and financial documents are gathered. Meeting #2: Retirement Income Projection Analysis (RIPA) - Current Vs. Proposed - A comprehensive RIPA will be prepared and analyzed versus several economic conditions to assure the best potential retirement outcome. - A suggested RIPA will be developed utilizing the Multi-Discipline Retirement Strategy (MDRS). - A current vs. proposed side by side analysis to identify the benefits and value of the suggested adjustments. - Review of the Reallocation Grid to show necessary adjustments recommended Meeting #3: Portfolio Review Traditional Investments Analysis - A comprehensive review of the current portfolio Vs the alternative MDRS strategy - Macro Portfolio Analysis & Micro Component Analysis - Fee assessment - Relative risk/return Meeting #4: Fixed Index Annuity Overview** - A complete review of Fixed Index Annuities to understand this guaranteed alternative. - FIA s as an alternative to bonds to reduce risk and potentially enhance returns. - Review of specific FIA products & brochures 4 P a g e Securities and advisory services offered through Cetera Advisors LLC, member FINRA, SIPC.

5 Meeting #5: Final Plan Review, Selection of Solution Providers Q&A - Questions and Answers on any plan elements or product recommendations - A final review of the portfolio analysis, RIPA, MDRS and implementation process Meeting #6 Income Distribution Plan Implementation - If plan accepted, the necessary paperwork will be processed to implement the plan. **Index annuities are insurance contracts that, depending on the contract, may offer a guaranteed annual interest rate and some participation growth, if any, of a stock market index. Such contracts have substantial variation in terms, costs of guarantees and features and may cap participation or returns in significant ways. Any guarantees offered are backed by the financial strength of the insurance company, not an outside entity. Investors are cautioned to carefully review an index annuity for its features, costs, risks, and how the variables are calculated. Phase 2: Develop Your Tax Efficient Income Distribution Strategy Goals: Create a tax-efficient retirement income distribution strategy by effectively converting tax-deferred retirement assets to tax-free assets. Utilize tax-efficient investment management strategies or tax-deferred annuities to reduce taxes on all non-qualified investments. Develop the proper tax sequencing income distribution strategy Result: The goal of zero tax liability or reduced taxation in retirement will increase the probability of portfolio survival Client Pre-Work: Video and white paper review: tax efficiency Phase 3: Develop Your Risk Management Strategy Goals: Create a Life Insurance and long-term care needs assessment to discuss potential needs to reduce these risks when in retirement. Discussions with a qualified Elder Care Law Attorney to create an efficient risk management strategy utilizing proper use of wills and/or trusts to mitigate potential effects of an untimely health care or long-term care event. Discuss the use of home equity as a risk management tool. Result: A well-orchestrated risk management strategy utilizing wills/ trust, home equity and insurance to mitigate the devastating effect a long-term care event can have. Client Pre-Work: Video and white paper review: risk management 5 P a g e Securities and advisory services offered through Cetera Advisors LLC, member FINRA, SIPC.

6 About Your Retirement Advisor TM 81% of baby boomers don't know how much money they'll need in retirement. Another 84% don't have a written retirement plan. Yet they control 80% of the assets in this country. Your Retirement Advisor's mission is to make preparing financially for retirement easier and more affordable, while guiding the transition into retirement with a "sustainable for life" financial plan. With its Retirement Solved TM approach, the company focuses on teaching people how to save right today and spend right tomorrow. Powered by technology, process and research, the unconventional approach integrates education, guidance, analysis and strategy for efficient and effective, one-stop retirement planning. For more information, visit: Online - Worcester, MA - Acton, MA - Leominster, MA 435 Lancaster St., Suite Leominster, MA info@yourretirementadvisor.com Investments in securities do not offer a fix rate of return. Principal, yield and/or share price will fluctuate with changes in market conditions and, when sold or redeemed, you may receive more or less than originally invested. No system or financial planning strategy can guarantee future results. Therefore, no current or prospective client should assume that future performance or any specific investment, investment strategy or product will be profitable. Sources: 1. Transamerica Retirement Survey of Workers, Age Wave/Merrill Lynch, "Finances in Retirement: New Challenges, New Solutions," The Deloitte Center for Financial Services. "The future of wealth in the United States report." 6 P a g e Securities and advisory services offered through Cetera Advisors LLC, member FINRA, SIPC.