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Wealth For Life Radio – Markets are high, now what?

Posted by | economy, retirement income | No Comments

Before the market crashed in 2008, very few in the financial media were recommending take your gains and go. The system doesn’t work that way. Today people are worried about losing what they have gained in the latest recovery.

We will also discuss a recent article: “Why Americans no longer tolerate risk.” This traces the history and development of Wall Street’s favorite tool – the risk tolerance questionnaire. Was it created as a well-researched planning tool or a marketing tool to sell more investments? Read More

Required Minimum Distribution Strategies

Posted by | economy, retirement income | No Comments

At the age of 70.5 the IRS forces retirees to withdrawal money from their IRA, 401k, SEP, 403b and defined benefit plans, whether they need it or not. For some people this can cause a lot of financial stress in the form of large tax bills. In this interview with Retirement News Today we discuss a way to shelter portions of your IRA fund from required minimum distributions – meaning less taxes to pay.

Required Minimum Distribution Strategies | Retirement Planner Denver Nowicz Scottsdale Arizona

Planning For Inflation During Retirement

Posted by | annuities, economy, Inflation, retirement income | No Comments

Many investors are facing a big dilemma with inflation once they enter retirement.  The dangers lies with annuity payouts that provide no protection from inflation.  This is usually never discussed when the annuity is sold and can come back to bite the investor hard down the road. Learn more on how to protect your wealth from inflation during retirement.

Planning For Inflation During Retirement | Scottsdale Financial Planner Denver Nowicz from Sequence Media on Vimeo.

Detroit Bankruptcy Where Does Arizona Stand?

Posted by | economy, pension, retirement income | No Comments

With Detroit recently declaring the city Bankrupt, many people are wondering where does Arizona stand with pension programs? Retirees in the state of Arizona are now concerned about pension programs and 401k programs and suffering market losses. Thankfully Arizona is not in as bad of shape as Detroit is currently. Learn more in the video below on how Arizona is making changes to pensions and retirement plans.

 

Detroit Bankruptcy Where Does Arizona Stand? | Retirement Planner Denver Nowicz Scottsdale Arizona from Sequence Media on Vimeo.

The importance of a family balance sheet

Posted by | economy, retirement income | No Comments

In the Wealth For Life model of wealth creation, the roots of wealth deals with liquidity, cash flow and debt structure. Getting those things in line will help establish a strong foundation to build long term wealth.  This essay from the the Federal Reserve Bank of St. Louis does a great job of explaining the importance of the family balance sheet and its effect on the overall economy.