Cheers to a Bright Future: Embracing Change, Forgiving Quickly, and Loving Fiercely in 2025!
Wow, I can't believe this year is almost over. If you are like me, you are saying adios 2024 and hurry up 2025! While this year brought many challenges for all of us, I believe brighter days are ahead. Here is what I will be working on the last few weeks of 2024:
Redesigning My Business as Your:
Personal Retirement Consultant
During these last few weeks of 2024, I will concentrate on re-designing my business to take on the role of your Personal Retirement Consultant rather than just your Insurance Broker. (The term “broker,” strictly by definition, historically means “shopping for coverage.” They re-evaluate insurance plans/renewals every year and facilitate insurance one year at a time. Meanwhile, a consultant will charge a fee to help you shop for your coverage, help you enroll into the plan of your choice.)
Key Focus Areas
Comprehensive Retirement Planning: Providing tailored strategies to help you achieve your retirement goals.
Risk Management:
Longevity Risk: The risk of outliving one's savings.
Market Risk: The potential for investment losses due to market fluctuations.
Inflation Risk: The risk that rising prices will erode purchasing power over time.
Health Care Risk: The potential for high medical expenses due to health issues.
Withdrawal Rate Risk: The risk of withdrawing too much from retirement savings, leading to depletion of funds.
Tax Risk: The risk of changes in tax laws affecting retirement income.
Guaranteed Income Stream: Guaranteed retirement income is just what it sounds like: an income stream after your working years. “Guaranteed income is about having sources of income that will come in every month without interruption,”
While some risks are bigger than others, these common issues can thwart a comfortable retirement:
Longevity risk. People are living longer, and retirees need a dependable income source that lasts as long as they do. “Running out of money is a major concern for retirees,”
Market volatility. Guaranteed income offers financial stability, insulating retirees from market fluctuations. Investments such as stocks can be risky, especially during economic downturns.
Rising costs. Fixed expenses like housing, health care and utilities often increase over time. Having a predictable source of income helps retirees manage these rising costs..
Peace of mind. Guaranteed income can reduce financial stress for retirees. The ability to pay for essential living expenses without relying solely on market-dependent investments provides a sense of security.
Ongoing Support: Delivering continuous assistance and adjustments to your retirement plan & insurance as needed.
Education and Resources: Equipping you with knowledge and tools to make informed decisions.
Goals for the Transition
Enhance client relationships through personalized service.
Expand the range of services offered to include holistic retirement planning.
Build a strong foundation for long-term client success and satisfaction.
This redesign aims to provide you with a more comprehensive approach to retirement, ensuring that your needs and aspirations are at the forefront of our services.
Watch for more information coming in the next few weeks!
MERRY CHRISTMAS & HAPPY NEW YEAR!
May God bless you and keep you,
Dana Artzer
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