However, when implementing that portion of the Strategy, Retirement Planners of America generally believes that the benefit of avoiding bear markets outweighs the burden of these transaction costs and tax consequences. When the sell / “protect” portion of the Strategy is implemented, affected investors will incur transaction costs and taxable accounts will incur tax consequences. It is possible that it can incorrectly predict a bear market (generally accepted as a 20% drop in a market index), which has, in-fact, happened before at Retirement Planners of America and affected its clients accordingly. Like all investment strategies, the Strategy is not guaranteed. ![]() Therefore, any references to Retirement Planners of America’s performance or its investment advisory recommendations predating 2011 generally refer to recommendations made by Retirement Planners of America’s principals at the respective other firms described above. Retirement Planners of America has been employing the Strategy since its inception in 2011. Three of the five principals remain as principals today, including the Retirement Planners of America’s founder, Ken Moraif. References to recommendations made under the Strategy that predate 2011 and statements such as and similar to: “we told our clients to be out of the market in 20,” “we told our clients to get back into the market in 2009,” and “clients that followed our advice were out of the market in 2008 ” refer to strategies collectively employed and recommendations collectively made by Retirement Planners of America’s principals while employed at Eagle Strategies, LLC., and also at Cambridge Investment Research Advisors, Inc. All investment strategies have the potential for profit or loss. If you are retiring before your normal retirement. Past performance is no guarantee of future results. Age 55 for all other members of the plan Age 50 for police officer or firefighters in member group 2 or 5. MMWKM Advisors, LLC (d/b/a Retirement Planners of America ) (“Retirement Planners of America”) is an SEC registered investment adviser with a primary business location in Plano, Texas. That’s why it s important to start planning now so that we can work together on an investment strategy that’s intended to grow your nest egg so you can retire with financial peace of mind. Don’t be surprised if you find you have a deficit. Subtract your anticipated expenses from your retirement income. If you ask employees about their retirement confidence, you might be surprised to learn that 60 of American workers are confident in their ability to live comfortably in retirement, and 18 feel very confident, according to the 2017 Employee Benefits Research Institute (EBRI) Retirement Confidence Survey. Club memberships, recreation fees, or hobby-related expenses.Make sure to include travel and other parts of your desired lifestyle. ![]() ![]() Next, add together the expenses you’ll have when you’re retired. Any income from projected part-time employment When Should You Retire And What Is The Magic Retirement Savings Number May 13, 2022,06:30am EDT May 13, 2022, Apr 5, 2022, Mar 8, 2022, Jul 14, 2017, Retirement When Should You Retire And What Is.To begin, compile a list of the sources of income you will have once you retire. This step in our process determines where your current retirement savings are in relation to your goal. Creating a retirement plan starts with a cash flow analysis.
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