“When I ask people, “What’s the purpose of money?” I get all sorts of responses.”- Lawrence Castillo Have you ever asked yourself, “What is the purpose of money?” It may seem like a silly question. After all, money forms the locus of our existence, and we spend our days making it, investing it, and saving […]
“While I’m definitely not as strong as Stallone, I do know how to keep my clients from falling off a cliff.” Lawrence Castillo You might remember the 1993 movie Cliffhanger with Sylvester Stallone and Janine Turner. While the movie was pretty pedestrian action thriller fare, it did have an unforgettable opening sequence that left me […]
“If you’re worried about running out of money when you retire, then you and the 1920s baseball star may have more in common than you think.”- Lawrence Castillo Too many people closing in on retirement or who are already retired spend a lot of time worrying. These retirees and pre-retirees are fearful about what will […]
“Most financial advisors won’t tell their clients that their advice is based mostly on educated guesses and seldom on guarantees.”- Lawrence Castillo Sometimes I ask my clients, most of whom are 55+, to imagine what their retirement accounts would look like if they had NEVER exposed their money to market losses. Usually, they look at […]
“A worldwide recession seems likely soon. Wise retirees will take steps now to blunt its’ impact.” – Lawrence Castillo Signs point to the possibility of a severe economic downturn in 2022-23, and many retirees feel some panic. Stress during economic times is normal. Still, it’s critical that you remain clear-headed, flexible, and focused on your […]
“If you are within a couple of years of retirement, you will want to know the answer to this critical question.”- Lawrence Castillo. Here in New Mexico, it isn’t unusual for someone ordering Mexican food to be asked, “Red or green?” In fact, “Red or green?” was adopted as the official state question in 1999. […]
Also known as “longevity” annuities, deferred income annuities (DIAs) are risk transfer contracts. These contracts allow you to create a guaranteed future income stream many years before you retire. DIAs are often used to supplement existing qualified plans and pensions. They can help solve a person’s concern about outliving their money in retirement. When you […]
Whether it is the result of poor planning, bad advice or plunging markets, retirement losses can be a deadly poison. Many retirees and pre-retirees have saved enough to win the “retirement game,” but they continue to risk “losing their retirement” by owning risky investments. It is wise for those preparing for retirement or recently retired to set aside enough money in safe places to pay for a guaranteed lifetime income plan. My planning will take you through all the current and future considerations necessary to determine the risk-free amount needed to safeguard your guaranteed retirement income.
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