Laura discovered it’s possible to retire with $8000 a month for the rest of her life, indexed for inflation, until she’s 105. Doesn’t that help her feel secure with her wealth!
Rob and Lynda wanted to see their future security in view of three horizons:
(a) early retirement with travel and high spending, gathering pictures and stories;
(b) middle-years with less travel and modest spending, looking at pictures and sharing stories; and
(c) final years where personal comfort will require health costs. They also wanted to see how investment returns could effect their lifestyle through these three “horizons”.
Today some sunlight on your rainbow… even if we have yet to meet.
And if this can help some other wealth advisor who’s serving you well, share it with them too!
We previously focused on your Wealth Trajectory. To find that article click here. In that issue we peaked into the plans for two homes, to gain perspective for our own planning.
So what benefits do you get with a Wealth Trajectory?
Confidence is first
Rob and Lynda had been uneasy when an advisor gave them a plan assuming 8% returns. They knew, if 8% failed to happen, their dreams could fail too. It’s a terrible thing, running out of money in later years.
So seeing a full wealth-plan comparing 4%, 6%, and 8% returns, laid out over three key time periods, gave them confidence. Our regular reviews continue protecting this confidence.
Flexibility
Rob and Lynda know things will be different than shown in our plan. Yet they have a gift of flexibility. We’ve seen in advance how they will be able to adapt to events and circumstances that life will bring.
Freedom
Laura is conservative, and she was afraid how low interest rates could impact her. Should she fearfully pinch pennies in her early retirement? Will her resources be gone in fifteen or twenty years? Will she run out of money?
Laura’s Wealth Trajectory brings all her resources into one plan and confirms how she can enjoy a strong income to age 105 or longer.
Control
Back to Rob and Lynda… While Rob focused on the details, Lynda made sure I could see the picture of the life they were setting out on. Extended travel, she said, from age 58 to 73 or 75. Then a bungalow in an active seniors community for ten or fifteen years.
After that, with one or both surviving, personal care could become a major expense. The wealth plan we gave Lynda and Rob showed how they can manage financial choices regardless of what life may bring.
Enjoyment
Let’s say you are looking ahead, and you’re saying you want to retire in the next year? …3 years? …even 5-to-8 years. If you can see abundant resources for the life you want to enjoy, then even today you’re looking ahead with anticipation and excitement – enjoying the future before it’s here.
Yet if you’re unsure, or your resources feel too modest, let’s focus on this now, and we can share remedies that secure the life you can enjoy!
Having your Wealth Trajectory in hand, published and bound uniquely for you, we confirm the resources that protect your lifestyle and life horizons from now to 105 or beyond.
Now with confidence you also get to celebrate… because if you have freedom, flexibility, and control to enjoy life on your own terms, then the result is awesome!
More in our learning modules at: GuaranteedIncome4Life.ca Amazon or Kindle: “A Lifetime Of Wealth — And How Not To Lose It.” “Subscribe” — see on this page — to get upcoming insights and updates. Brian Weatherdon, MA CFP CLU CPCA MDRTFreely share this letter whenever it can help a neighbour or friend, and ease the concerns of someone you know. Introduce us — we love to help.
Yours in Financial Security for LIFE!
Brian Weatherdon, MA, CFP, CLU, CPCA. 905-637-3500
627 Guelph Line, Burlington, Ont. L7R 3M7. 1-877-937-3500
Brian@SovereignWealth.ca
Author: A Lifetime Of Wealth — And How Not To Lose It (2013). Protecting Life, Loved Ones, and Future Dreams (2013). Your Business, Your Retirement: Halton Retirement Study (2015).
** This monthly letter touches on key strategies in Canadian and global investing and financial planning. This letter is not an offer to sell any kind of security, insurance, or program. Historical returns and risk measures are not a valid guide to future performance. Returns are from publicly available sources and research from a variety of firms including but not limited to GLC, RBC, CIBC, Mackenzie, Franklin Templeton. Opinions reflected in this letter belong solely to the author and no other body is responsible for the content expressed here. We value opportunity to consult alongside your legal and accounting firms to advance your financial security and unique goals. We are grateful always to receive your comments and questions.
Very reasonable. Important resources for people who want more in life.