The #1 fear of retirees is outliving their money. And there’s two reasons this may actually happen to a given retiree:
- Their expense to income + savings ratio is too high
- They live 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.
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 things I am so passionate about helping my clients solve. And education is the first step”.
“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 can’t understate 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”.
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.
“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 drops their retirement accounts by 48% – not only are they kissing their principal goodbye, but also their source of income as well”.
As a safe money advisor, Grant helps his clients protect their retirement by creating different types of “insurance” for their retirement accounts and potential income streams.
“I basically help people insure their retirement,” Grant said. “A lot of people don’t realize that you can actually transfer the majority of your risk to large institutions and participate in the upside of the market without taking on any of the dowries risk. And that is my thing. Upside potential with no downside risk”.
“If you want to schedule a call with grant click here“