02/22/2022
Mission One Million-Notes
• Need a Blueprint going into retirement, regardless of age
• Foundation Risks- Cash Flow, Markets, Taxes
• Cash Flow- the control over your income and where it goes: savings, debt, retirement, lifestyle
Single Largest Financial Mistake – how people finance their home
*Educated Refinance- debt elimination, opens cash flow, wealth tool
Market Risk- Timing- Losses in early retirement impact your ability to recover
*Sequence of Returns- Market losses in the first 5 years of retirement could shorten retirement funds up to 15 years
Asset Allocation and Diversification- Proper risk management based on your age
Taxes
Qualified plans- are called Tax Time Bombs by *Ed Slot
Tax deferred = Postponing Taxes
What will tax rates be when you retire?
Tax Diversification- Tax-deferred, Taxable, Tax Free
*Tax Free assets- municipal bonds, Roth IRA, Cash Value Life Insurance
Summary: Taxes are as low as they have been, and our debt is as high as ever. Equity management has a major impact on your finances. Market risk in early retirement could eat up years off your retirement plan. Your Financial plan should create the income you need in retirement & keep it safe from retirement risks.