Excel in Retirement
Can Your Advisor Do This? Ep 121
Another unique position we have as a company is to be able to offer solutions larger corporatized offices often do not have the ability to do. We all know the bigger things tend to get, the slower they are to innovate. Maybe it’s the bureaucracy or protocols or hierarchies, but whatever it is, when we have to deal with it it’s normally painful.
As an independent financial advisory firm, we don’t have layers and layers of corporate executives dictating the advice we can offer our clients. I believe this allows our clients to have solutions that are more tailored to their particular needs. Who likes one size fits all?
A quick example of this is our use of buffered exchange traded funds (ETFs). They’ve been around for a handful of years now and they are becoming more mainstream. The Wall Street Journal causes them “Boomer Candy.”
In 2022, every time the government raised interest rates to try to bring down inflation, the stock market stock went down. I had been on a training call a couple years prior to 2022 and had learned about buffered ETFs and began investing my own money in them on a monthly basis.
There are various different types, but one of our main go-to ETFs works like this. It credits interest based on the performance of the S&P 500 over a one-year period, and it has a defined outcome. We are buffered against the first 15% of losses in the S&P 500 over the year. In exchange for the protection, we are capped at making between 13% and 14%. The caps can vary from month to month. Of course, in any fund there is an internal expense ratio and then you may have management fees also. All in all it’s a generous upside with less downside potential than the overall stock market.
We’ve been using these since 2022 and corporate America is catching up two years later. I don’t know about you, but I like having access to the best possible solutions available to me, and I believe our business model allows for that.
We’d always be delighted to answer your questions if you have them. You may reach David at 864.641.7955.
Investment advisory services offered through CreativeOne Wealth, LLC. Clients Excel, LLC and CreativeOne Wealth are not affiliated companies. Licensed Insurance Professionals. Investing involves risk, including potential loss of principal. Any references to protection or lifetime income generally refer to fixed insurance products, never securities or investments. Insurance guarantees are backed by the financial strength and claims paying abilities of the insuring carrier. Annuity withdrawals are subject to ordinary income taxes and potentially a 10% IRS penalty before age 59-1/2. Roth distributions are tax free after age 59-1/2 and the account has been open for at least 5 years. This video is intended for informational purposes only. It is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet particular needs of an individual’s situation. Clients Excel is not permitted to offer and no statement made during this show shall constitute tax or legal advice. Our firm is not affiliated with or endorsed by any governmental agency. The information and opinions contained herein provided by third parties have been obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed by Clients Excel. The use of logos and/or trademarks of hosting sites are the property of their respective owners and are not an endorsement by those owners of our firm or our program.
Another unique position we have as a company is to be able to offer solutions larger corporatized offices often do not have the ability to do. We all know the bigger things tend to get, the slower they are to innovate. Maybe it’s the bureaucracy or protocols or hierarchies, but whatever it is, when we have to deal with it it’s normally painful.
As an independent financial advisory firm, we don’t have layers and layers of corporate executives dictating the advice we can offer our clients. I believe this allows our clients to have solutions that are more tailored to their particular needs. Who likes one size fits all?
A quick example of this is our use of buffered exchange traded funds (ETFs). They’ve been around for a handful of years now and they are becoming more mainstream. The Wall Street Journal causes them “Boomer Candy.”
In 2022, every time the government raised interest rates to try to bring down inflation, the stock market stock went down. I had been on a training call a couple years prior to 2022 and had learned about buffered ETFs and began investing my own money in them on a monthly basis.
There are various different types, but one of our main go-to ETFs works like this. It credits interest based on the performance of the S&P 500 over a one-year period, and it has a defined outcome. We are buffered against the first 15% of losses in the S&P 500 over the year. In exchange for the protection, we are capped at making between 13% and 14%. The caps can vary from month to month. Of course, in any fund there is an internal expense ratio and then you may have management fees also. All in all it’s a generous upside with less downside potential than the overall stock market.
We’ve been using these since 2022 and corporate America is catching up two years later. I don’t know about you, but I like having access to the best possible solutions available to me, and I believe our business model allows for that.
We’d always be delighted to answer your questions if you have them. You may reach David at 864.641.7955.
Investment advisory services offered through CreativeOne Wealth, LLC. Clients Excel, LLC and CreativeOne Wealth are not affiliated companies. Licensed Insurance Professionals. Investing involves risk, including potential loss of principal. Any references to protection or lifetime income generally refer to fixed insurance products, never securities or investments. Insurance guarantees are backed by the financial strength and claims paying abilities of the insuring carrier. Annuity withdrawals are subject to ordinary income taxes and potentially a 10% IRS penalty before age 59-1/2. Roth distributions are tax free after age 59-1/2 and the account has been open for at least 5 years. This video is intended for informational purposes only. It is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet particular needs of an individual’s situation. Clients Excel is not permitted to offer and no statement made during this show shall constitute tax or legal advice. Our firm is not affiliated with or endorsed by any governmental agency. The information and opinions contained herein provided by third parties have been obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed by Clients Excel. The use of logos and/or trademarks of hosting sites are the property of their respective owners and are not an endorsement by those owners of our firm or our program.