The #1 fear of retirees is outliving their money. And there’s two reasons this may actually happen to a given retiree:
- Too much debt / expenses for their given income + savings
- Living too long
And while nobody knows exactly how long they’re going to live – everyone can take a proactive approach to their retirement that puts them in the best position possible to never run out of money.
“A lot of people don’t have a comfy pension they can count on to hit their bank account every single month. Grant said. “And that’s why I teach them how to create “private pensions” on their own through the use of proper planning. The smartest PHD’s in the world stress the importance of having at least one income stream (that’s not social security) that is guaranteed to last the rest of your life – no matter how long you live. And that’s what I help people create”.
Grant continued to mention that all of these common pitfalls can usually be avoided by someone taking a proactive approach to their own retirement by going through an educational process with a professional that has the client’s best interest at heart.
“The key to avoiding major retirement disasters is through education. And more specifically, education regarding what potential problems you’re on track to hit and what potential solutions you have to avoid them. These are the types of problems I am so passionate about helping my clients solve. And education is the first step”.
Referred to as a “safe money” advisor, Grant’s focus is only on products that can’t lose money in the market, or ever go backwards in terms of principal. He says these types of accounts / products are key to ensuring you have a successful & stress-free retirement due to their guarantees. Guarantees like “this product guarantees that you can never lose your principal” or “this product guarantees you that no matter what happens, it will pay you out x every month for the rest of your life so you know exactly what your income will be”.
“Too many people unfortunately go into retirement carrying enormous amounts of risk without even realizing it” Grant said. “They are completely unaware that if we go through another 2008 where the market obliterates their retirement accounts by 48% – not only are they kissing their principal goodbye, but their income as well”.
Grant said due to the nature of his work – he often ends up working with “groups” or “pods” of people. “When one person goes through a process like this – they tell their friends about it” Grant said. “Then when anyone from the outside sees those results and asks that person what they’re doing or how they did it – because it’s usually very different than the average retiree – they just send them my way”.
And when asked to summarize what he does, Grant said this:
“I help people strategize and protect their retirement. A lot of people don’t realize that you can actually transfer the majority of your retirement risks to large institutions and participate in the upside of the market without taking on any downside risk. And that is my thing – giving my clients upside potential with no downside risk. Safety and security is the goal”.
“If you want to schedule a call with grant click here“