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AGAIN ONLINE.
VIS US AT MY MASS
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IN A RECENT SURVEY, 50%
OF CURRENT RETIREES SAY THIS
E RETIRED EARLIER THAN
FORTUNATELY IS ON THE RISE.
IT IS IMPORTANT THAT WE GET
OUR FINANCE END ORDER BEFORE
WE RETIRE AND TODAY WE ARE
JOINED BY REGISTERED
REPRESENTATIVE LICENSED
INSURANCE PROFESSIONOR AND
THE OWNER OF BOND FINANCIAL
SERVICES, DYLAN BOND.
DYLAN, THANKS SO MUCH.
IT IS A PLEASURE.
YOU SPIFFED UP, TOO.
I GOT A GREAT HAIRCUT FROM
NO,WAY.
EVERYTHING IS GREAT.
WELL YOU DO SO MACHINE HI
THINGS.
WELL LET'S TALK RETIREMENT
SURE.
WHY ARE THE TRANS PEOPLE WHO
ARE ARE RE TIER SOG EARLY
WELL, THE STUDY WAS FOR
201250% OF PEOPLE RETIRED
EARLIER THAN THEY EXPECTED
AND UNFORTUNATELY IT WAS NOT
ALL BECAUSE THEY WANTED TO.
WHAT ENDS UP HAPPENING IS A
LOT OF TIMES IS PEOPLE,
COMPANIES CLOSE, THEY
DOWNSIZE, AND WHEN PEOPLE
THAT ARE NEAR RETIREMENT ARE
DOWNSIZE OR FEELINGED BY
THAT, A LOT OF TIMES THEY
END UP RETIRING EARLIER THAN
THEY EXPECTED TO JUST BY
MATTER OF CIRCUMSTANCE.
ALSO HEALTH CARE ISSUES IS A
BIG DEAL.
SO WHEN YOU LOOK THAT NUMBER
IT IS ON THE RISE AND THE
REASON IT I ON THE RISE IS
PROBABLY DUE TO THE ECONOMY
AND A LOT OF COMPANIES
DOWNSIZING AS WELL.
YOU THINK IT WOULD BE A
GOOD THING IF PEOPLE ARE
RETIRING EARLIER.
FIT IS BECAUSE OF THE
ECONOMY, THAT IS BAD NEW.
WE HAVE BEEN WORKING.
I WORK WITH PEOPLE THAT ARE
50 AND OLDER HELPING THEM
GET READY FOR RETIREMENT.
AND THE SOONER YOU START
PLANNING FOR THAT, IF
SOMEBODY SOMETHING LIKE
THAT, YOU KNOW, ON THE
COMPANY DOWNSIZES AND YOU
END UP WITH LAID OFF EARLIER
THAN EX PED AND LOOKING FOR
RETIREMENT, THE SOONER YOU
START PLANNING FOR YOUR
RETIREMENT, THE MORE
KNOWLEDGEABLE YOU WILL BE
SOMETHING LIKING THAT WERE
TO HAPPEN.
YOU GOT HAVE A PLAN AND THE
SOON YOU START THE BETTER.
WHAT YOU TELL PEOPLE AS
ALWAYS TO SET UP A
RETIREMENT TIMETABLE.
WHAT ELEMENTS GO INTO THAT
TIMETABLE IN WHAT YOU START
TO GET AROUND 50 YEARS OLD
IF YOU CAN START TO THINK
ABOUT WHEN YOU PLAN FOR
RETIRE, AND THEN WHAT YOU
HAVE START DOING INVENTORY
ON THE DIFFERENT TYPES OF
ACCOUNTS YOU ACCUMULATED
OVER THE YEARS.
IT DOWN WITH MO SELF OR
SOMEONE LIKE MYSELF.
AND TALK ABOUT WHAT THAT
TIMETABLE IS AND WHAT YOU
HAVE NOW.
WHAT I TRY DO FOR PEOPLE IS
TRY TO HELP THEM UNDERSTAND
THE TAX LIABILITIES THAT
SOME OF THEIR ACCOUNTS MIGHT
HAVE MEANING 401(k)s OR
ALL TAXABLE WHEN THEY TAKE
THAT OUT.
SO ON AND SO FORTH.
THE SOONER THEY START
THINKING ABOUT THIS AND
UNDERSTANDING WHAT THING ONS
ARE AND MAKING CHANGES.
THE LESS SURPRISES THEY WILL
HAVE AS THEY GET CLOSER TO
RETIREMENT.
NO SURPRISES ACTUALLY.
YOU NEVER NY THAT.
IF YOU ARE DOING WHAT YOU
WANT CALCULATING AN INCOME
STREAM MAB YOU DON'T REALIZE
THE 401(k) IS GOING TAKE
BIG HIT.
WELL YOU KNOW, YOU LOOK
BACK OVER THE LAST 10 YEARS
THE MARKET HAS TACK TWO ON
BIG HITS IN 2 THIS YOU AND
ALSO IN 2008.
YOU KNOW, I HAVE BEEN
MEETING WITH PEOPLE FOR THE
LAST 15 PLUS YEARS.
AND ONE THING THAT I HAVE
SEEN IS A LOT OF PEOPLE THAT
COME, THAT COME TO MY FIS
FOR CONSUL TATIONS THAT PLAN
TO RETIRE IN 2,000 OR PLAN
TO RETIRE IN 2008 WERE
FORCED TO WORK LONGER
BECAUSE OF THE VALUES THAT
THEIR VALUES AND THEIR
MUCH.
YOU HAVE TO KNOW WHAT THE
OPTION ARE BECAUSE YOU
CANNOT BE INVESTED LIKE A
25-YEAR-OLD IF YOU ARE
RETIRING IN FIFE OR TEN
YEARS.
ARE YOU TO MAKE SURE THAT IF
THE MARKETS DO GO DOWN
SIGNIFICANTLY YOU HAVE A
PLAN IN PLACE THAT IS NOT
SO.
THAT IS WHY BOND
FINANCIAL SERVICES YOU HAVE
THE YEARLY OR BIYEARLY
CHECK-IN BECAUSE THINGS
THAT RICE.
EVERYBODY'SSES ARE
DIFFERENT.
IT IS LIKE A FINGERPRINT.
IT NEVER MET SOMEBODY.
I NEVER MET TWO PEOPLE THAT
HAVE THE EXACT SAME AMOUNT
OF MONEY IN THE SAME
ACCOUNTS WITH THE SAME
TIMETABLE TO RETIRE.
THING.
THAT IS WHY, WHEN I OFFER
CONSULDATIONS TO MEET WITH
ME.
THERE IS NEVER GOING TO BE
SELLING THAT MEM MEATING.
IT IS A PEN, PAD,
CALCULATOR.
ALL WE'LL TALK ABOUT IS
EVERYTHING YOU HAVE BEEN
DOING UP-TO-DATE AND WHAT
YOUR FORECASTED VISION IS TO
SEE IF I CAN HELP BETTER
IDENTIFY MAYBE UP NES A RISK
PENSES, FEES OR POTENTIAL
TAX PROBLEMS DOWN THE ROAD
SO THAT YOU ARE CAN BE MORE
PREPARED WHEN YOU GET TO
BE.
GREAT HAVE A SECO AND
THIRD SEOF EYES ON IT.
WE NEED TO MAKE RETIREMENT
TIMETABLE TO CALL CUE LIT AN
INCOME STREAM AND THEN FROM
THERE YOU GOT THINK OF THE
OTHER THINGS TOO.
LIKE SOCIAL SECURITY AND
MEDICAL EXPENSES.
YEAH.
OBVIOUSLY IT IS, IT IS
SOMETHING THAT IF YOU TAKE
IT EARLIER YOU WILL GET
LESS.
IF YOU WAIT UNTIL FULL
RETIREMENT AGE YOU WILL GET
MORE.
IF YOU HAVE TO REMEMBER YOU
START TAKE IT AT 62 VERSUS
AGE 67 YOU WILL BE GETTING
LESS FOR FIVE YEARS BEFORE
YOU WOULD START TO GIT AT 67
SO YOU HAVE TO FACTOR THAT
IN AS WELL.
COMES INTO PLAY, TO.
YOURSELF.
NO QUESTION ABOUT IT.
IF YOU LOOK AT STUDIES AND
DONE OUT THERE.
THERE WAS RECENT POLL PULL
OUT THAT SAID THE AVERAGE
MARRIED COUPLE RETIRING IN
2011 WOULD NEED SUM
OF $287,000 TO COVER
THEIR -- TO HAVE 9% CHANCE
OF COVERING THEIR MEDICAL
THAT IS WILD.
OVER THE RETIREMENT
THAT IS SOMETHING THAT
YOU KNOW, REGULAR PERSON
WOULD NOT EVEN THINK THAT
MONEY.
I WILL TELL YOU, SETH.
ASIDE FROM INCOME PLANNING,
WHEN IT COMES TO RETIREMENT
I THINK THE NUMBER ONE
CONCERN IS FUTURE HEALTH
CARE PROBLEM.
MEDICAL COSTS ARE GROWING.
ALARMING RATE.
WHICH REQUIRES MORE HEALTH
CARE.
AND IF YOU DON'T PREPARE FOR
THAT SOONER THAN LATER,
WHILE YOU ARE STILL HEALTHY
AND HAVE MANY OPTIONS OUT
THERE, YOU ARE GOING TO BE
PUT IN A POSITION WHERE YOU
MIGHT HAVE TO PAY DOLLAR FOR
DOLLAR ALL OF YOUR MEDICAL
EXPENSES DONE THE ROAD WHEN
A LOT MORE, PEPSIVE THEY
THAT COULD REALLY FORCE YOU
TO RUN OUT OF MONEY DURING
YOUR LIFETIME AND THAT IS
DO.
NO.
LUCKILY I HELP PEOPLE AID.
ALWAYS A PLEAS SURE THAT
HAVE YOU DYLAN.
YOU CAN FIND BOND FINANCIAL
SERVICES.NET OR GIVE THEM A
CALL.
EVERYBODY AT BOND FINANCIAL