One of the biggest concerns my prospective clients have when researching annuities is accessibility. As big as a myth that this is, the reality is, annuities have more liquidity features than any other considerable “safe” investments. The only investment with more liquidity in a “safe money” investment is cash just sitting in a bank [...]
Has a financial professional ever asked you what the color of your money is? Many investors are unfamiliar with this terminology. Most individuals have not heard of this because their financial advisers are more interested in discussing the specifics of a certain product rather than how you will benefit from that product. What I see is that focusing on product versus color can have a negative impact on your retirement.
Annuities » The Stock Market, The Magnificient Twenty and Volatility The theme of the fixed/indexed annuity message is safety and security. There is plenty of research and studies to back up the fact that these plans work and they work well. When you are retired, everything works completely different than when you were working. It’s like doing everything in a mirror. Money management activities become opposite to when a person is working. Safe money fixed/indexed annuity accounts grow on a guaranteed basis, with no risk, even in uncertain economies that occur from time to time.
Have you ever been Whammied? It is not fun especially when it is tripled! For a decade my radio show has aired on multiple stations weekly. My shows air in Arkansas, Missouri, and Kansas, but people from all over the country listen to me. I get calls from people who are in town on [...]
The Best Practices Used to Create Sustainable Streams of Retirement Income When it comes to entering retirement, failure to plan can have devastating consequences. Most of my clients are looking to develop a plan for paying themselves in retirement. That and so much more is offered at Mayfield Financial & Estate Protection Services, Inc. By [...]
I’ve always been a fierce proponent of “practicing what you preach.” When I buy a car, I always ask the salesman “what do you drive? What does your wife drive?” When deciding on a home improvement project, I ask the contractor: “If it was your Mother’s home, what would you recommend?” You get the idea. [...]
In your retirement years, it is essential to not rely on Social Security as your only source of income, especially if you plan on being comfortable in the golden years of your life. 95% of Americans think “I have assets outside of only relying on Social Security, like my 401(k)”, but still don’t have a [...]
Jack and his daughter I was contacted several years ago by a gentleman named Jack who had a concern about his IRA account that he wished to leave to his daughter. Fortunately for Jack, he did not need this money for income for himself and his wife. He was concerned about the account deteriorating [...]
Like the Beatles said: "All you need is income." In our working years, we work for income and savings. It’s all about income and the security it brings—the almighty paycheck. In our retirement years, we want our savings to go to work for us and create the revenue to continue the security in retirement; that’s [...]
What is the risk when using US Treasury Bills, US Treasury Notes, and US Treasury Securities as an investment vehicle? The danger is inflation.