It’s Time to Retire Your Worries…

…and Start Living the Dream

We worry a lot. We’re also pretty clueless and unprepared when it come to planning for retirement.

“61% of us baby boomers fear outliving our income more than they fear death.”

-Allianz Life Insurance Survey, 2010

“81% of us don’t know how much income we need to retire.”

-New Challenges, New Solutions,” 2017

“74% of us failed a retirement income literacy test.

-American College Retirement Literacy Survey, 2017

“84% of us don’t have a written retirement plan!

TransAmerica Retirement Survey of Workers, 2016

Second guessing these stats? Take a listen to some of us answer questions about retirement in the video below.

Looks and sounds like we’re neither educated nor prepared very well for retirement.

And apparently, the 300,000 plus financial advisors in this country haven’t served us baby boomers very well. The traditional investment advisor with traditional strategies is obviously not the answer. Our own strategies of rolling the dice, burying our heads in the sand and hoping for the best clearly isn’t working either.

hand throwing dice
retirement portfolio design and allocation

The right retirement plan is more than an investment strategy or a 401k plan.

It takes a lot more than putting money into an investment strategy or savings in a 401k to create a reliable and sustainable retirement plan. It’s a complex puzzle that’s not easy to put together and many general financial advisors aren’t equipped to do it properly or completely.

As Wade Pfau, PhD states, “Most advisors are investment-centric concentrating solely on managing investments and do not incorporate all the intricate retirement strategies that must be utilized to dramatically increase the probability of a retiree’s success”.1

Investment management within a retirement plan is important, but there’s a myriad of other components or disciplines that contribute to a successful retirement outcome.

How much can the right plan add to your outcome?

A recent Vanguard Investments study indicated that integrating proper retirement strategies can add as much as 3% Efficient return to a retirement portfolio.2  David Blanchett, head or retirement research at Morningstar, found that proper retirement strategies can add 1.59% Efficient yield to a retirement portfolio.3

Learn more about Retirement Solved’s Alpha Efficient Strategies

“Investors who have a written retirement plan are almost twice  as likely as those who don’t to feel they have enough money to maintain their lifestyle after retirement.”

Wells Fargo Gallup Survey, 2017

“People who have a written retirement plan are 60% more likely to increase their 401(k) contributions and twice as likely to stick to a monthly savings goal than people without such a plan.”

Charles Swab Modern Wealth Index, 2017

Shortcomings of Traditional Advisors and the new Robo-Advisors

When it comes to retirement planning, a traditional investment advisor may not be the best solution for planning your retirement. While he or she may have helped you during your accumulation years (prior to retirement), the de-accumulation or income withdrawal phase (in retirement) presents an entirely new set of challenges and risks that must be addressed by a retirement specialist vs. a financial generalist.

While there are many good advisors out there, some of these thinly veiled, self-proclaimed “retirement” advisors are little more than data gatherers who meet with you a couple times: first, inputting your data into a planning software program and letting it do its thing, and then second, giving you the software’s lengthy printout of numbers and projections in a nice leather folder, without the retirement services you truly need. The cost of this glorified retirement plan can be pretty steep as well. The average advisor, according to Michael Kitces is charging 1.65% on a portfolio of $500,000! Retirement Solved affiliated advisors, by contrast, strive to offer more for less.

The average advisor, according to Michael Kitces is charging 1.65% on a portfolio of $500,000! Retirement Solved advisor, by contrast, strive to offer more for less.

See how we compare to a traditional advisor

There’s not a lot of difference between these advisors and the new flock of robo-advisors…which are online software companies doing similar data gathering and calculations in the cloud.  While robo-advisors are undercutting the traditional advisor fees for their data output, they truly must be on cloud nine to think that the average baby boomer wants a computer program to plan his/her retirement.

What we’ve found after working with baby boomers over the last 30 years, and more recently with a focus on helping our clients plan their retirement, is that people want a person to help them. A qualified person whom they can trust. No one wants to be just a number on a spreadsheet. Most of us want a personalized experience and steady guidance to keep us from making a dire mistake with our finances.

But, the challenge remains, in an industry run amok with myths and misinformation, extreme biases and so many choices when it comes to advice…how do you stay away from the fox in the hen house and find a retirement professional who can truly help you? Read our tips for finding the right retirement advisor for you

“Your average investment advisor is not equipped with the knowledge, tools or technology to get this whole retirement planning thing done right. There’s a lot of moving parts that must be scientifically and mathematically put together by retirement specialists, not generalists.”

Retirement Solved is your retirement specialist. We can answer all your retirement questions and help you retire your worries.

dog thinking of retirement planning questions

“The research is unequivocal that a competent financial guide can both help you achieve the returns necessary to arrive at your financial destination while simultaneously improving the quality of your journey.”

-Behavioral Alpha: The True Power of Financial Advice, Daniel Crosby, Ph.D., Nocturne Capital, October 17, 2016

It’s Time To. Retire Your Worries.

Choose Your Starting Point Here

Do you want to become a retirement planning expert? Yeah, we didn’t think so. But…we do think you should invest a little time in understanding how retirement planning is different and the important planning steps you MUST take to enjoy a more comfortable and confident retirement.

Follow these 5 steps to help you get started. And then, let us help you solve your retirement puzzle.

We Know Retirement

Ask Us Now

Retirement Happens…
Start Your Plan Today

Yes, I want to access the online Am I Ready? retirement kit.

Follow the 6 steps to retirement readiness: read how to guides, watch videos and use our retirement calculators.  We’re here if you have any questions or would like any number of assessments.

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