Balancing IRA RMDs Against Risk and Growth to Maximize Retirement Income
Your IRA May Need Restructuring When Your RMDs Start Meet Robin, a 60-year-old client with $1,000,000 in her IRA who is seeking a balanced approach to managing growth and volatility in her investment portfolio. Her concern centers around the Required Minimum Distributions (RMDs) that she’ll start at age 73, potentially during market downturns, which could […]
Calculate Your Social Security Income
The World’s Best Inflation-Adjusted Annuity Annuities have long been a tool in the arsenal of savvy retirees and financial planners. At its core, an annuity is a financial product that offers a guaranteed income in exchange for a lump sum investment. Think of it as reverse life insurance; while life insurance provides a sum in […]
During Retirement Average Returns Mean Nothing
Navigating Retirement – Looking Past Average Returns Understanding the Misconception Average returns are a focal point during the “accumulation” phase of saving and investing In retirement, the significance of average returns diminishes due to the impact of when you time your withdrawals The Reality of Sequence of Returns Risk Sequence of returns risk becomes critical […]
Unraveling the Mystery of the Lost Decade of Investing
The dawn of the new millennium, from 2000 to 2009, carries the unenviable distinction of being the worst decade for investors in modern U.S. history. This era, often called the “Lost Decade of Investing,” was marked by two devastating market crashes that saw investments, including the robust S&P 500, plummet significantly. A Glimpse into a […]
How a 60-Year-Old Created Guaranteed Lifetime Retirement Income
Retirement is a big chapter in everyone’s life, and getting it right matters That’s exactly what Ellen wanted when she came to us at MaysGroup. At 60, with retirement on the horizon, she had a simple wish: to keep enjoying life without worrying about money. Here’s a quick dive into how we helped Ellen secure […]
Case Study: Dr. Deborah PreRetire’s Financial Overhaul
In the often uncertain realm of retirement planning, making the right choices at the right time can have a tremendous impact. One of our recent clients, Dr. Deborah PreRetire, provides a poignant illustration of this truth. Aged 55 and at the peak of her professional journey, Dr. Deborah, like many, believed she was on track […]
Navigating the Path to Financial Security: Unveiling the Cinderella Slipper Plan
Retirement is a pivotal phase, marking the transition from decades of hard work to a period of relaxation, enjoyment, and reflection. However, the journey to a financially secure and comfortable retirement can be complicated. The contrasting tales of two couples, Fred and Ethel, and Barney and Betty, underscore the profound impact of strategic retirement planning. […]
Longevity Risk: A Closer Look at Outliving Your Retirement Savings
Navigating the intricacies of retirement planning requires a keen understanding of various potential risks. One such risk, often overlooked, is longevity risk—the possibility of outliving your retirement savings. In a world where advances in healthcare and living standards have significantly increased life expectancy, preparing for a longer retirement is more crucial than ever.The Reality of […]
The Cinderella Slipper Plan: Securing a Financially Fairytale Retirement
In retirement planning, strategies are as varied as the fairytales we grew up with. But what if there was a tailored, precise strategy that fits your financial needs just like Cinderella’s slipper fits her foot? Introducing the Cinderella Slipper Plan—a retirement strategy that pairs a guaranteed income annuity with a life insurance policy to ensure […]
Turning Savings into Stability: The Power of Annuities in Retirement
Retirement—the golden era of life where you’re meant to kick back, enjoy the fruits of decades of hard work, and truly experience the joys of a life well-lived. However, one undeniable truth remains: a stable income is central to this dream. It’s the difference between a relaxed, worry-free retirement and one riddled with financial anxieties. […]
