Comprehensive Financial Planning

Will You Be Ready for Retirement?

Are you prepared for the retirement challenges that face you? In the past, our worst nightmare about retirement was not reaching it. But with 20, 30 or even 40 years in retirement becoming reality, the prospect of outliving our savings has become a very real possibility.

Yesterday’s retirees were supported by guaranteed income sources. They could collect a pension; they could count on a Social Security check; they could depend on health care benefits from their employer even into retirement.

Today’s retirees are looking at a very different picture. They are increasingly responsible for generating their retirement income from person savings. At the same time, they face longer life expectancies and astounding increases in expenses.

At Ascent Financial, we have access to a unique variety of strategies for the challenges facing new retirees. We all know the risks are real, and no one can remove all the risk from life or retirement. But by recognizing and addressing the key challenges to retirement, you can better plan for the income you will need and help achieve the retirement you deserve.

Investor Challenges

Today 34% of workers are not currently saving for retirement and 28% of workers say that they have less than $1,000 in savings. *  Evidence shows that those who have been able to accumulate a portfolio have experienced disappointing results. From 1994 to 2013, the S&P 500 posted an annual return of 9.22%, while many investors significantly underperformed that return (Average Investor return: 5.02%}.**

Emotions such as impatience, overconfidence, fear, panic and indecision have played a significant role in that performance. By teaming up with Ascent Financial, we can build a disciplined investment strategy that can help you avoid those costly emotional mistakes and position you to reach your goals.

Sources: *Nancy Hellmich, USA Today, “Retirement: A third have less than $1,000 put away,” April 1, 2014; **U.S. Department of Labor Employee Benefits Security Administration, Private Pension Plan Bulletin Historical Graphs and Tables, June 2013.

The Power of Zero

At Ascent Financial, we recognize that the accumulation phase of wealth management, while very important, is only a part of responsible retirement planning. The challenge for most retirees is to ensure that their accumulated funds last for their entire retirement. The Power of Zero is just one of the tools that we use to ensure this happens. The Power of Zero is a methodology used to show you “HOW TO GET TO THE 0% TAX BRACKET AND TRANSFORM YOUR RETIREMENT.”

Please ask us how this can have a powerful effect on your retirement, and wealth management in general.

“The United State government has made trillions of dollars in unfunded promises for programs like Social Security and Medicare, and the only way to deliver on those promises is to raise taxes. Some experts have even suggested that tax rates will need to double, just to keep our country solvent. Unfortunately, if you’re like most Americans, you’ve saved the majority of your retirement assets in tax-deffered vehicles like 401(K)s and IRAs. If tax rates go up, how much of your hard-earned money will you really get to keep?”

— David McKnight, “The Power of Zero” September 2018

“Anyone may arrange his affairs so that his taxes shall be as low as possible; he is not bound to choose that pattern which best pays the treasury. There is not even a patriotic duty to increase one’s taxes.

Over and over the courts have said that there is nothing sinister in so arranging affairs as to keep taxes as low as possible. Everyone does it, rich and poor alike and all do right, for nobody owes any public duty to pay more than the law demands.”

— Judge Learned Hand, Helvering vs Gregory, 69 F 2.d 809, 810 (2d Cir. 1934), aff’d 293 U.S. 465 (1935)

Securities and advisory services offered through Triad Advisors, LLC, member FINRA/SIPC.  Triad Advisors, LLC is under separate ownership from any other named entity.

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