How to Pick the Right Financial Advisor

January 14, 2019

On today's episode Patrick will talk about the 3 different types of financial advisors and how to pick the best one to work with.

 

It can be really confusing and even intimidating to find the right financial advisor. And even if you think you found one... how do you know they are working in your best interest?

 

Patrick will break down the 3 different ways that advisors are compensated so you can know if you're working with someone who is unbiased or is just looking for the next sale.

 

Here's a couple of key points from the show:

  • Understand the difference between fee-based, fee-only and commissioned advisors
  • Work with a fiduciary (someone who puts your best interest before their own)
  • Don't be afraid to ask lot's of questions
  • Know ALL of the fees that are inside of your accounts... not just the advisors fee

 

FREE CHECKLIST DOWNLOAD; Grab your copy of "Questions to Ask Your Financial Advisor" by CLICKING HERE.

 

Schedule a FREE strategy call with Patrick TODAY! Visit www.TalkToPatrick.com

GO CLAIM YOUR FREE COPY OF PATRICK’S NEW BOOK "Retirement Planning 101" visit www.Retirement101Book.com

Connect with Patrick online through all of the social media links below:

Facebook: www.facebook.com/RetirementLifestylesAdvisors/

Instagram: www.instagram.com/retirement_lifestyles_advisors/

Twitter: www.twitter.com/thepmcnally

You can also find lots of resources at www.RetirementLifestylesAdvisors.com

Disclosures

Information presented is believed to be factual and up to date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the host on the date of publication and are subject to change.

All information is based on sources deemed to be reliable, but no warranty or guarantee is made as to its accuracy or completeness. Financial calculations are based on various assumptions that may never come to pass. All examples are hypothetical and are for illustrative purposes only. Charts, graphs, and references to market returns do not represent the performance achieved by Retirement Lifestyles Advisory Group or any of its advisory clients.

Content should not be construed as personalized investment advice, nor should it be interpreted as an offer to buy or sell any securities mentioned. A professional advisor should be consulted before implementing any of the strategies presented.

Past performance may not be indicative of future results. All investment strategies have the potential for profit or loss. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment or strategy will be suitable or profitable for an investor. In addition, there can be no assurances that an investor’s portfolio will match or outperform any particular benchmark. Asset allocation and diversification do not assure or guarantee better performance and cannot eliminate the risk of investment losses.

The social security, tax, legal, and estate planning information provided is general in nature. It should not be construed as legal or tax advice. Always consult an attorney or tax professional regarding your specific legal or tax situation. Retirement Lifestyles Advisory Group is not affiliated or endorsed by the Social Security Administration of the United States.

Case studies are for illustrative purposes only and should not be construed as testimonials. Every investor’s situation is different, and goals may not always be achieved.

Retirement Lifestyles Advisory Group is registered as an investment advisor and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. Registration as an investment advisor does not constitute an endorsement of the firm by securities regulators, nor does it indicate that the advisor has attained a particular level of skill or ability.

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How to Create a Predictable Safe and Increasing Retirement Paycheck

January 7, 2019

On today's episode Patrick talks about how you can create a paycheck in retirement that is predictable, safe and can even increase over time. 

 

If you're currently retired or you're getting close, you know as well as anyone that planning for an income stream that will last is the number one concern that most people have. Here a few of the takeaways from Patrick's show today:

  • Use a bucket planning strategy to set up a stress free income stream
  • Use cash to draw your income needs for the first 2-3 years
  • Consider fixed annuities for years 3-5
  • Consider high quality dividend paying stocks that have a long consistent track record for years 5+

 

Would you like a FREE DEMO of Patrick's bucket planning strategy? CLICK HERE for Patrick's Calendar

 

GO CLAIM YOUR FREE COPY OF MY NEW BOOK "Retirement Planning 101" visit www.Retirement101Book.com

You can also connect with me online through all of the social media links below:

Facebook: www.facebook.com/RetirementLifestylesAdvisors/

Instagram: www.instagram.com/retirement_lifestyles_advisors/

Twitter: www.twitter.com/thepmcnally

You can also find lots of resources at www.RetirementLifestylesAdvisors.com

 

 

Disclosures

Information presented is believed to be factual and up to date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the host on the date of publication and are subject to change.

All information is based on sources deemed to be reliable, but no warranty or guarantee is made as to its accuracy or completeness. Financial calculations are based on various assumptions that may never come to pass. All examples are hypothetical and are for illustrative purposes only. Charts, graphs, and references to market returns do not represent the performance achieved by Retirement Lifestyles Advisory Group or any of its advisory clients.

Content should not be construed as personalized investment advice, nor should it be interpreted as an offer to buy or sell any securities mentioned. A professional advisor should be consulted before implementing any of the strategies presented.

Past performance may not be indicative of future results. All investment strategies have the potential for profit or loss. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment or strategy will be suitable or profitable for an investor. In addition, there can be no assurances that an investor’s portfolio will match or outperform any particular benchmark. Asset allocation and diversification do not assure or guarantee better performance and cannot eliminate the risk of investment losses.

The social security, tax, legal, and estate planning information provided is general in nature. It should not be construed as legal or tax advice. Always consult an attorney or tax professional regarding your specific legal or tax situation. Retirement Lifestyles Advisory Group is not affiliated or endorsed by the Social Security Administration of the United States.

Case studies are for illustrative purposes only and should not be construed as testimonials. Every investor’s situation is different, and goals may not always be achieved.

Retirement Lifestyles Advisory Group is registered as an investment advisor and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. Registration as an investment advisor does not constitute an endorsement of the firm by securities regulators, nor does it indicate that the advisor has attained a particular level of skill or ability.

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The Top 5 Fears in Retirement

November 9, 2018

Are you retired? Or getting close? What are you most concerned with?

After almost 20 years in financial services... I've spoken with a lot of people... here are the Top 5 Fears I hear the most as I help retirees and pre-retirees navigate the next 20 or 30 years in retirement.

Schedule a FREE strategy call with me TODAY! Visit www.TalkToPatrick.com

GO CLAIM YOUR FREE COPY OF MY NEW BOOK "Retirement Planning 101" visit www.Retirement101Book.com

You can also connect with me online through all of the social media links below:

Facebook: www.facebook.com/RetirementLifestylesAdvisors/

Instagram: www.instagram.com/retirement_lifestyles_advisors/

Twitter: www.twitter.com/thepmcnally

You can also find lots of resources including videos, worksheets, reports and online courses at www.RetirementLifestylesAdvisors.com

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The Number One Threat To Your Retirement Account

November 7, 2018

What's the number one threat to your retirement account..? It's probably not what you think.

Is it the stock market? Hackers? Identity thieves? The President...?!!

Nope...

It's the cost of long term care.

In this episode I break down the costs of needing long term care, and some of the most expensive cities in the Unites States to receive that care. I'll also discusses your chances of needing that type of care and the average length of stay as cited by the US Department of Human and Health Services.

Then, I give you the three main ways to pay for long term care and the risks of doing nothing at all. I want to mention that I devote a whole chapter to long term care in my new book "Retirement Planning 101". Get your FREE copy today at www.Retirement101Book.com (you just pay the shipping).

cited websites:

https://www.genworth.com/aging-and-you/finances/cost-of-care.html

https://longtermcare.acl.gov/costs-how-to-pay/costs-of-care.html

To discuss your long term options feel free to reach out to me anytime...

To schedule a FREE strategy call with me visit www.TalkToPatrick.com

To claim a FREE copy of my book "Retirement Planning 101" visit www.Retirement101Book.com

You can also connect with me online through all of the social media links below:

Facebook: www.facebook.com/RetirementLifestylesAdvisors/

Instagram: www.instagram.com/retirement_lifestyles_advisors/

Twitter: www.twitter.com/thepmcnally

You can also find lots of resources including videos, worksheets, reports and online courses at www.RetirementLifestylesAdvisors.com

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The Three Worlds of Investing

November 5, 2018

You have thousands of investments to choose from... but which ones do you pick? And how do you know they are the right ones for you and your goals? You can actually take all of those choices and place them into just 3 main areas... I call them "The 3 Worlds of Investing". 

In this episode you'll learn about the World of Safety, the World of Risk and the Hybrid World. I'll break down the 3 different worlds and explain what types of investments fit into each one. This will give you a better understanding of how much you should allocate towards the different areas for your personal planning. 

For a downloadable pdf of the 3 Worlds... CLICK HERE

To schedule a FREE strategy call with me visit www.TalkToPatrick.com

To claim a FREE copy of my book "Retirement Planning 101" visit www.Retirement101Book.com

You can also connect with me online through all of the social media links below:

Facebook: www.facebook.com/RetirementLifestylesAdvisors/

Instagram: www.instagram.com/retirement_lifestyles_advisors/

Twitter: www.twitter.com/thepmcnally

You can also find lots of resources including videos, worksheets, reports and online courses at www.RetirementLifestylesAdvisors.com

 

 

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