I love the “financial entertainers” who have done an excellent job of promoting a most inefficient personal financial strategy around “buy term life and invest the difference”. During the discovery process with a new client this proves true with most as they share their current financial picture with me. A vast majority of the Main Street financial advisors out there have preached this somewhat flawed concept as they hopefully get to capitalize on the “invest the difference” part. So we purchase “cheap term life insurance” because we are told that “whole-life is expensive” and/or a “bad investment”. The (sad) truth is that term life is actually an expense (not cheap) and whole life is a sound long-term financial tool. Whole-life insurance insurance has a guaranteed death benefit for life, provided all the required premiums are paid, and you want to go with a company with strong claims paying ability. Whole Life Insurance is also considered a valuable (uncorrelated) asset class in one’s investment portfolio because of its permanent death benefit, conservative risk factor, and it’s tax advantages. It is little understood by even the most savvy investment professionals. Don’t get me wrong, term-life insurance has its place in most financial plans, and I have placed hundreds of millions of term life for income replacement and family protection. You can shop and compare rates here: Term Life Rates
I have been in the financial services industry for 30-years, both securities and insurance licensed, and I transact in both investment and protection-based products in the South Florida area. What I have discovered is that when it comes to making financial decisions it isn’t ever about any one thing it’s about “everything”, all the tools in your financial toolbox and how it all works together. What I have also learned is that as human beings our instinctive behavior is to make one-dimensional decisions around money as we go through life and not take into consideration how each investment we make or every insurance product we secure effects our overall long-term financial plan as we are so focused on our careers and making money. So what’s the end game? Why are you working so hard? If it’s ultimately about being financially secure (now and forever) and making sure that your family is OK no matter what, then are you 100% certain that your current financial plan is as effective and efficient as it could be, and do you have complete clarity about what your retirement will truly look like based on the current methods you are incorporating? What I know to be true is that most people I work with do not possess a realistic outlook nor understand the distribution phase of their financial plan…the end game.
The day that the man/woman at work stops working, and his/her income stops, we hit the “retirement cliff”. This is the difference between the cash-flow that YOU were generating the day before and what your retirement plan will actually generate in cash-flow for the rest of your life or your family’s lives. What is that number? How much am I allowed to spend and enjoy for the next 25+ years without the risk & fear of running out of money while trying to sustain current lifestyle?
I have been very successful at educating my clients around various concepts and strategies on how to enhance retirement income by incorporating multi-purpose tools into their present plan, just a tweak here or there, and doing so without looking to circumvent any existing relationships between my clients and their other advisors. Strategies that will allow you to arrive at retirement more safely (less risk), have greater flexibility with your money, while also allowing you to spend and enjoy a greater portion of your hard-earned savings to sustain a better lifestyle then you otherwise would.
I do all this without any cost, only an investment in time, both yours and mine. If what I just shared with you makes sense and in fact is true, wouldn’t you want to know how and, if so, when? It starts with a conversation and without any obligation or expectancy that you will do or change anything. Let’s go down the discovery path together and be absolutely certain that your current methods are on course to meet or exceed your objectives. I believe I can add real value to your world.
Knowledge is power and remember…“you don’t know what you don’t know”.
“The Retirement Savings Dilemma”
Fred Kettler, Financial Coach
Kettler Financial – Serving the Greater Miami Community
Coral Gables – Pinecrest – Coconut Grove
1560 S. Dixie Highway Coral Gables, FL 33146
Securities products and advisory services offered through Park Avenue Securities LLC (PAS), member FINRA, SIPC. OSJ: 14021 Metropolis Ave., Fort Myers, FL 33912. 239-561-2900. PAS is an indirect, wholly-owned subsidiary of The Guardian Life Insurance Company of America® (Guardian), New York, NY. Kettler Financial is not an affiliate or subsidiary of PAS or Guardian.
2017-36377 Exp 03/2019