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Thoughts and ideas from Wealth Preservation LLC

  • 11 Steps to Take Before You Retire
    December 11, 2020 at 11:00 PM

    Retirement is a major event after many years of work. It marks the time when you end your career and begin the next chapter of your life.

  • Retirement Enhancement (Secure) Act Changes Revealed
    November 24, 2020 at 8:00 AM

    One of the biggest regulatory changes of late was the Retirement Enhancement (Secure) Act. Yet most advisors have ignored it..

  • Ways to Increase Your Social Security Benefits
    October 16, 2020 at 7:00 AM

    Everyone wants a comfortable retirement to relax during their golden years. But a recent report by Barron's revealed that most of the retirees are stressed about their income in retirement.

  • How Much Income Will Your Annuity Provide?
    October 21, 2020 at 7:00 AM

    How much income will your annuity contract pay you? The answer depends on what age you start collecting income from your annuity.

    If you start income at age 70-75, you will receive higher payouts. If you begin your annuity income in your mid-50s, it will be less than what you would receive in your 60s or later.

  • How Can the Timing of Your Retirement Withdrawals Affect Your Income?
    October 7, 2020 at 2:00 PM
    Sequence risk is the risk that you will take a big loss early on in the life of an investment portfolio. It's already bad when you have investment losses at the early start of your retirement. It's equally bad when you take losses just before you...
  • 6 Biggest Retirement Income Planning Mistakes to Avoid
    September 12, 2020 at 7:00 AM
    1. Not having a written plan. It’s simple, but the first step in achieving a comfortable, income-secure retirement is having a plan. Yet many investors don’t have a retirement plan. According to the Employee Benet Research Institute, 59% of Americans haven...
  • 40 million families have children with Special Needs
    September 10, 2020 at 7:00 AM
    Children with special needs help need caring for their day-to-day life, including physical, mental and emotional disabilities. Care like medical, physical, occupational or speech therapies, special educational support and financial assistance can help main...
  • Long-Term Care Info
    July 27, 2020 at 7:00 AM
    There’s a good chance you’ll need long-term care as you age. But if you’re like many Americans, you likely don’t have a plan to pay for this sort of care.Although about half of adults turning 65 today will develop a disability that is serious enough to req...
  • Impact of Family Dynamics
    July 19, 2020 at 7:00 AM
    It is Estimated that there will be wealth transfer of $53 Trillion taking place in the next 50 years.70% of all married baby boomer wives will experience widowhood9 in 10 Women will be solely responsible for the family finances at some point in their lives...
  • Retirement, the Next Chapter of Life
    July 11, 2020 at 7:00 AM

    When venturing into the great unknown, you wouldn’t travel without a GPS or a map.

    They are a “must-have” for reaching your destination. And for arriving on time, for that matter! How otherwise could you tell if you were going the right direction or if you were lost?

    The same principle applies to our retirement. Whether you retire 10 years or 10 months from now, you need a financial plan.

  • 6 Dos and Don'ts to Teach Your Kids About Money
    July 8, 2020 at 7:00 AM
    There’s no doubt that COVID-19 has brought a lot of added stressors to your family and effected your family and your kids most of all. With schools getting closed here in San Diego, a lot of parents were forced to finish out the school year with homeschool...
  • Are you trusting your retirement savings to your former employer?
    July 5, 2020 at 7:00 AM
    Searching for an independent retirement savings plan? Are you looking to roll over your plan, what are your options? Why an annuity may meet your rollover needs. Fixed index annuities are not a direct investment in the stock market. They are long term insu...
  • IRAs Explained
    July 3, 2020 at 7:00 AM
    Individual retirement accounts (more formally known as "Individual Retirement Arrangements"), or IRAs, are a method for saving money for retirement that is either tax-free or tax-sheltered (or arranged to minimize tax liability). There are severa...
  • How Can the Covid-19 Pandemic Financially Affect Retirees?
    June 26, 2020 at 7:00 AM

    The novel coronavirus pandemic has impacted all of us in some way. Almost overnight, the U.S. was hit hard with record unemployment. Many household incomes have been abruptly shut off. Several industries have slowed down to a crawl or else been shut off.

  • 6 Ways to Help You Weather Market Volatility
    June 23, 2020 at 7:00 AM
    1. Check up on your portfolio and if appropriate, consider your allocation.Many advisors have espoused a 60/40 mix of stocks and bonds in your retirement portfolio. But this ratio of stocks to bonds may not be the best thing for you in this market environm...
  • Could Annuities Be Better Than Bonds for Lifetime Income?
    June 17, 2020 at 7:00 AM

    If you asked a hundred financial advisors about what they use to construct retirement strategies, you would surely get as many opinions as there are flavors of ice cream.

    Many portfolio strategies today call for strategic mixes of equities and bonds. Lots of research is on the so-called 60/40 portfolio, made up of 60% equity assets and 40% bond assets.

  • Survey: Americans Increasingly Worry About Their Finances Due to Covid-19 Pandemic
    June 15, 2020 at 7:00 AM

    In the wake of the coronavirus pandemic, a new study shows that Americans are becoming increasingly anxious about their finances.

  • Why Mutual Funds?
    June 10, 2020 at 3:00 PM

    There are many reasons why people select Mutual Funds in their own portfolios. Here are some of the most common reasons:

  • How to react to a Down Market
    June 2, 2020 at 3:30 PM

    Bull markets are a great opportunity, but they are usually short lived. The stock market itself has a natural life cycle that is destined to encounter peaks and valleys. One of the keys to investing is to not making any rash decisions based on those peaks and valleys.

  • The #1 Retirement Fear
    May 27, 2020 at 7:00 AM

    #1 fear of retirees is running out money.

    Today’s retirees fear running out of money more than anything in the world, including death.

    If you don’t have money, you’re forced to depend on the government or get charity from family. Maybe even rely on strangers.

  • Annuity Basics
    May 12, 2020 at 7:00 AM

    Annuities are the only financial instrument capable of paying a guaranteed lifetime income. They are the only one on the planet. No individual investor can duplicate what insurance companies can offer you with paying you a guaranteed income stream.

  • John Hancock : Vitality Program Partner
    June 3, 2020 at 2:30 PM

    As one of our core carriers, John Hancock offers a unique twist on traditional life insurance coverage. By adding the Vitality rider they will reward you for health living habits, which reduces policy premium costs.

  • How to Live Better & Longer: New Research
    June 19, 2019 at 4:00 AM

    Find Your Purpose. According to a British study involving 9,000 65-year-olds led by Andrew Steptoe, director of the Institute of Epidemiology and Health Care at University College London, one way to extend your life is by having a purpose. The research study found that “people with the highest levels of ‘purpose in life’ were 30 [...]

  • The Importance of Seeking a Second Opinion
    June 19, 2019 at 4:00 AM

    If you are like many successful individuals, you already work with a financial advisor. You may even have relationships with several. If you feel completely confident that your financial plan will meet your short term and long term goals, congratulations! Sometimes, however, you may feel unsure about your plan. This can happen when market conditions […]

  • Security in the Time of COVID-19
    April 9, 2020 at 4:00 AM

    Coronavirus has completely disrupted our lives and the industry in ways that the market has never seen before. The pandemic may be far from over, but there are some ways that you can find some certainty in uncertain times. Wealth Preservation, LLC will do all that we can in order to help our clients remotely

  • Sow The Seeds For A Bountiful Retirement
    June 19, 2019 at 4:00 AM

    As the leaves turn brilliant colors and the weather cools, harvests are underway across the farmlands of America. The bounty that will be headed toward our tables is the result of seeds sown months before. This is an excellent reminder that, in order to reap the rewards of a bountiful retirement, you need to plant [...]

  • 3 Things To Do During a Market Turn Down
    April 14, 2020 at 4:00 AM

    SCHEDULE A RISK EXPOSURE REVIEW: Do you know how much of your income can be affected by a market downturn? Many people think that they have a good handle on their income, but you may not know all of the factors. A Risk Exposure Review will give you clarity on whether now might be a

  • Five Tips to Staying Healthy During Quarantine
    April 17, 2020 at 4:00 AM

    Five Tips to Staying Healthy During Quarantine: 5 Tips on Staying Healthy During Quarantine from Nick Bernatowicz Wealth Preservation’s friend and trust advisor partner from Producers Choice Network! Keep a Regular Routine It’s easy to sleep in and binge watch your favorite Netflix show, but maintaining a normal routine will allow you to control the

  • 4 Things You Can Do to Protect Your Financial Future
    April 27, 2020 at 4:00 AM

    From REAL SIMPLE Look at your investments If you do have investments, they’ve likely lost a lot of value in the recent weeks. It’s natural to want to panic and make adjustments, but the best thing you can do right now for your investments is to not panic. Fight your urge to take your money […]

  • How Concerned Are Americans About Retirement Income?
    April 28, 2020 at 4:00 AM

    Retirees are happier than most workers in the U.S., but seven in 10 say they would have ‘no idea what they would do’ without Social Security There are a few different aspects about retiring that need to be addressed when you’re thinking about your retirement plan: -Longevity, people are living longer than ever before -Raising