Dean Statler, Pathway To Retire: Strategies to Protect, Grow Your Money as You Progress Through Life
By Dean Statler, Pathway to Retire // April 16, 2021
SPACE COAST DAILY TV SPECIAL PRESENTATION
ABOVE VIDEO: Want to learn how to protect and grow your money as you progress through life?
BREVARD COUNTY, FLORIDA – Pathway to Retire’s Dean Statler discusses a few strategies to protect, and grow your money, as you progress through your life.
Risk During your Accumulation Years
Waiting too long to get started is usually the number one risk.
During the 20s, many cannot save because you are learning a trade or going to college (spending your parent’s money)
During your 30s and 40s, it is even more difficult to tuck away for emergencies and retirement because these are the years that many have families, pay for college and weddings.
During your 50s and 60s usually during this time many are playing catchup or just starting to set money aside.
Many get to age 50 and realize that WOW, I better get on the ball or I will be in poverty when I retire. They finally set goals to save and accumulate and at this point, they realize that they may have waited too long to get started.
It can destroy your momentum towards your goal. In fact, in the 2008 crash, it may have taken 8-10 years to recover from your losses.
This is considered the ‘Lost Decade’ when it comes to investment. What happens if you are 60-65 years old and there is another 2008 market correction?
There are ways to mitigate that against this type of correction. The risk of not covering this risk can be devastating. You may have to stay engaged in the workforce for quite a few more years if you get caught in this situation.
If you are too conservative your fund loses purchasing power to inflation.
It’s not what you make that matters… It is what you keep. I know a few people that dabbled in Stock Options and made a ton of money in one week, month, or quarter… Only to lose it all the next week.
Yes, it is easy to make money in the stock market, but, speaking from the school of hard knocks… It is hard to hold on to your gains even when you know what you are doing.
It is quite easy to do your taxes on Turbo-Tax or even easy to find an H&R Block office to prepare your tax return, but if you are a business person, you really do not want someone that records history… You need someone that will chart a path to lower your tax burden.
In fact, I have piggybacked with a CPA Firm that does tax planning. They have been able to implement some IRS hidden strategies to legally save 10’s of thousands of dollars in taxes just by changing the way they paid some business expenses.
They have been able to help divert money that would have been paid as taxes and position these same dollars into a retirement plan for the business owner.
Employer Match Optimization
Employer plans are great to get your Retirement nest egg started, but unless you are receiving a match from your employer, there may be a better and more productive places to accumulate for retirement.
The simple fact that life happens means that you need options to put your money to work as hard as it can and keep it liquid for those occasional emergencies that come up.
There are a few options for this, but there are also some product options that allow you to access funds that you set aside for your tax-free retirement income, without penalty before age 60 and this gives you added flexibility.
The employee match is “free money” so use it. Above the maximum match, there may be better investments for you.
For more information, log on to PathwayToRetire.com/services/tax-free-retirement or call 772-778-9222, ext. 19.
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WATCH: What is your pathway to retire? Meet Dean Statler, Investment Advisor Representative with Pathway to Retire.
*Investment advisory services offered through Brookstone Capital Management, LLC (BCM), a registered investment advisor. BCM, Pathway to Retire LLC (PTR), and Tom Collins Insurance Agency Inc. (TC) are independent of each other. Insurance products and services are not offered through BCM but are offered and sold through individually licensed and appointed agents. Any comments regarding safe and secure investments and guaranteed income streams refer only to fixed insurance products. They do not refer, in any way to securities or investment advisory products. Fixed Insurance and Annuity product guarantees are subject to the claims-paying ability of the issuing company and are not offered by Brookstone Capital Management.”
Investment advisory services offered through Brookstone Capital Management, LLC (BCM), a registered investment advisor.
BCM and PATHWAY TO RETIRE LLC are independent of each other. Insurance products and services are not offered through BCM but are offered and sold through individually licensed and appointed agents.
Information provided is not intended as tax or legal advice and should not be relied on as such. You are encouraged to seek tax or legal advice from an independent professional.
Dean Statler and/or BCM and PATHWAY TO RETIRE LLC are not affiliated with or endorsed by the Social Security Administration or any other government agency.
As an investment adviser representative, I am a “fiduciary” to my advisory clients’ investment.
This means that I have an obligation to act in the best interests of my clients and to provide investment advice in my clients’ best interests. I should avoid engaging in any activity that could create a conflict of interest with any client; however, if a conflict of interest does arise, I will make full disclosure of that conflict to my client.
I must employ reasonable care to avoid misleading clients and I must provide full and fair disclosure of all material facts to my clients and prospective clients. My fiduciary duty extends solely to investment advisory advice and does not extend to advice relating to insurance product sales, including annuities, life insurance, and long-term care insurance.
Fiduciary duty extends solely to investment advisory advice and does not extend to other activities such as insurance or broker-dealer services. Advisory clients are charged a monthly fee for assets under management while insurance products pay a commission, which may result in a conflict of interest regarding compensation.
Any comments regarding safe and secure investments and guaranteed income streams refer only to fixed insurance products. They do not refer, in any way to securities or investment advisory products. Fixed Insurance and Annuity product guarantees are subject to the claims‐paying ability of the issuing company and are not offered by Brookstone Capital Management.
Index or fixed annuities are not designed for short-term investments and may be subject to caps, restrictions, fees, and surrender charges as described in the annuity contract. Guarantees are backed by the financial strength and claims-paying ability of the issuer.
Hypothetical illustration for presentation purposes only. Actual investment experience will vary with stock selection and changing market conditions.
This example is for illustrative purposes only and does not consider your particular investment objectives, financial situation or needs and may be suitable for all investors. It is not intended to project the performance of any specific investment and is not a solicitation or recommendation of any investment strategy.
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