IS THIS YOUR STORY?
Most of the people we sit down with have done an incredible job of accumulating wealth over their lifetime in their IRAs, 401(k)s, and other retirement plans. However, they often feel overwhelmed and uncertain when it is time to transition into another season of life.
We find that when we visit with those nearing retirement during our 5 Point Retirement Defense Plan Review many lie awake at night worried about their future and are unable to answer the three most important retirement questions:
Will I have enough to retire?
Will my money last as long as I do?
Will my spouse be okay if I pass away?
We understand that most have never been shown how to transition from accumulating wealth to then generating the income to replace their paychecks as they enter into retirement.
Hypothetical Chart
*Source: Lone Beacon
You’ve heard the phrase, “Don’t put all your eggs in one basket!” The same goes for your retirement planning, but we see many people with all of their hard-earned money in one basket- usually the stock market.
We quickly realized that the traditional retirement planning methods in the financial industry were broken, and the “Five Basket Strategy”® was born.
When you approach retirement, your money cannot simply be diversified based on company size or location, but rather should be diversified on purpose. What does your money need to do for you to have a successful retirement?
In retirement, there are five areas that you need to have covered so that you can retire with confidence:
- Income so you can retire,
- Investments that continue to grow,
- Cash Reserves for emergencies, and
- Long-Term Care for a catastrophic illness. Lastly,
- Legacy Planning will help provide peace of mind that what is left for your heirs will bypass probate and minimize the potential tax burden.
CLICK ON A BASKET TO LEARN MORE
We find that when we help our clients allocate and diversify funds into these baskets, they can live more confidently and stress less about their future.
Our proprietary process, the 5 Point Retirement Defense Plan has allowed us to serve over 900 families in Colorado and help transition them into retirement where they are free to live life abundantly and with confidence.
