LIVE."
HERE'S SOMETHING FOR YOU TO
PONDER, THIS IS A GOOD ONE.
WHAT WOULD YOU RATHER HAVE WHEN
YOU RETIRE?
A MILLION DOLLARS OR 5,000
DOLLARS A MONTH FOR THE REST OF
YOUR LIFE?
WELL, YOU THINK ABOUT THAT, AND
JOINING US TO TALK ABOUT THE
VERY THING ON TODAY'S FOR YOUR
MONEY IS ADAM WOLF.
ADD
AM IS ONE OF THE AREAS LEADING
FINANCIAL ADVISORY
S AND HE JOINS
US EVERY MONDAY ON "RIVER CITY
LIVE" TO TALK ABOUT IMPORTANT
TOPIC YOUR RETIREMENT.
THINK.
THE ANSWER CAN'T BE BOTH, RIGHT?
>> IT'S GREAT TO BE HERE.
I WISH IT WAS BOTH.
A LOT OF TIMES WE WOULD LIKE TO
HAVE BOTH.
GOALS ARE.
IF YOUR GOALS ARE TO HAVE A SET
AMOUNT OF FIXED INCOME COMING IN
ON A MONTHLY BASIS.
HAVING THAT $5,000 A MONTH IS A
GOOD THING.
DEPENDING ON HOW LONG YOU EXPECT
TO LIVE, IF YOU'RE MARRIED, WHAT
DO YOU WANT TO LEAVE TO THE KIDS
FOR A LEGACY, WHAT ARE YOUR
OVERALL GOALS, THAT'S WHAT
REALLY DRIVES HAVING $5,000 A
MONTH VERSUS TAKING A MILLION
DOLLARS IN HAVING THAT MILLION
DOLLAR NEST EGG FOREVER.
>> OKAY.
BUT IS ONE NECESSARILY A BAD
THING OR ARE THEY JUST
DIFFERENT?
>> THEY'RE JUST DIFFERENT.
SOMETIMES YOU LOOK AT A BALANCE
AND HAVE $100,000 IN YOUR
BALANCE, IT MIGHT NOT ACTUALLY
BE $100,000.
THERE MIGHT BE EXCESSIVE FEES
AMOUNT OVER TIME.
ALSO THAT $100,000 MIGHT BE IN
AN IRA SO IT'S LOADED WITH
TAXES.
SO AS YOU START THE MONEY OUT,
YOU MIGHT BE TAXED ALONG THE WAY
AS WELL.
HAVING A BALANCE IS GREAT.
BUT ALSO HAVING A FIXED AMOUNT
OF INCOME TO COMPLIMENT, TO
SUPPLEMENT, YOUR SOCIAL SECURITY
INCOME, IF YOU'RE RECEIVING IT,
YOUR PENSIONS, IF YOU HAVE
THOSE, HAVING SOME FIXED AMOUNT
OF MONIES TO MEET THOSE LIVING
EXPENSES IS THE BIG FIRST KEY
AND FIRST STEP OF HAVING PLAN
MAPPED OUT OF WHAT WANT OUT OF
RETIREMENT IS THE KEY.
>> THAT NUMBER THAT YOU SEE ON
THE BOTTOM, A LOT OF PEOPLE
SEEING THAT SOCIAL SECURITY AND
PENSIONS ARE THE ONLY OPTIONS WE
HAVE IF WE WANT THAT GUARANTEED
INCOME DURING RETIREMENT.
WHAT DO YOU SAY ABOUT THAT?
CASE.
INSURANCE COMPANY AND PURCHASE
AN ANNUITY, TYPICALLY WE USE AN
AN ANNUITY TO GET THAT
GUARANTEED INCOME STREAM FOR A
LOT OF CASES.
WITH CLIENTS, NOT ALWAYS THE
CASE BUT WANT TO WORK WITH
SOMEBODY WHO UNDERSTANDS BOTH
THE RETIREMENT AND ON THE BOTH
THE INVESTMENT WORLD SIDE AND
THE INSURANCE WORLD SIDE THAT
KNOWS BOTH WORLD TO BE ABLE TO
MAP THAT TOGETHER AND MAKE SURE
IF THAT ANNUITY IS RIGHT FOR YOU
AND IT'S RIGHT FOR YOU AND NOT
JUST FROM THE MUTUAL FUND
PERSPECTIVE WHICH A LOT OF
ADVISORS LOOK FOR.
>> WHAT HAPPENS WHEN SOMEBODY
FIRST REACHES OUT TO YOU I KNOW
YOU DO A CONSULTATION, WE'LL
TALK ABOUT HOW FOLKS CAN HAVE A
COMPLEMENTARY CONSULTATION, I
WANT TO FIND OUT WHAT DOES THAT
FEEL LIKE, WHAT SOMEBODY NEEDS
TO BRING YOU WHEN YOU COME AND
THEM.
>> GIVE ANDREA OR ROBIN A CALL
AT OUR OFFICE AND THEY GIVE A
YOU BRING WHAT YOU'RE
COMFORTABLE WITH.
YOU COME IN THE OFFICE, HAVE THE
CONSULTATION WITH US, MAKE
AT HOME.
GO THROUGH ALL OF YOUR GOALS AND
OBJECTIVES, TAKE A LOOK AT YOUR
PAPERWORK AND START TO SEE AND
MAP OUT WHAT IS GOING TO MAKE
SENSE.
WE'RE GOING TO LOOK AT WHAT
YOU'RE ACTUALLY PAYING IN FEES.
A LOT OF FOLKS DON'T KNOW WHAT
THEY'RE PAYING.
WE'RE GOING TO FIND OUT IF IT'S
IVE OR NOT.
AND ALSO, A RISK IN YOUR
PORTFOLIOS, YOU GET CLOSE TO
RETIREMENT, YOU BRING A LOT DOWN
HOPEFULLY.
SOME PEOPLE HAVE A LOT OF RISKS,
NEXT TIME THE MARKET GOES DOWN,
YOUR MARKET WON'T BE SUBJECTED
TO LOSSES AND THAT BLUE PRINT.
IT'S A VERY EASY MEETING WITH ME
AND WITH OUR STAFF TO GET YOUR
QUESTIONS.
>> AND I KNOW YOU'RE VERY
INTERESTED, TOO, TO HEAR WHAT
PEOPLE'S GOALS IN RETIREMENT
ARE.
YOU MAY BE SOMEBODY WHO WANTS TO
START GOING ON A LOT OF CRUISES,
OR YOU MIGHT BE JUST PULLING
BACK AND NOT SPENDING A LOT OF
MONEY AND JUST TRYING TO LIVE
THAT WAY, RIGHT?
>> A LOT OF TIMES, FOLKS HAVE A
GREAT GOAL OF DOING THE GREAT
THING AND WE CAN GET THIS THEM
THERE.
A LOT OF TIMES THEY MAY BE SO
CONSERVATIVE IN THE WAY THAT
FAME THEIR RETIREMENT, THAT THEY
DON'T KNOW HOW TO SPEND.
WE LEPTHEM BUILD THE FRAMEWORK
TO KNOW, THIS IS HOW MUCH YOU
CAN SPEND WITHOUT MESSING UP THE
REST OF YOUR RETIREMENT,
THROUGH, YOU KNOW, OTHER MEANS.
BECAUSE RETIREMENTS NOWADAYS CAN
LAST 20, 30, 40 YEARS AND YOU
WANT TO HAVE ENOUGH MONEY TO
>> THIS COMPLEMENTARY
CONSULTATION FOR OUR VIEWERS IS
SOMETHING YOU CAN GET WHEN YOU
CALL904-232-8760.
904-232-8760.
OR GO TO wolfretirement.com.
YOU HAVE A COUPLE OF OFFICES
NOW?
>> YES.
MM-M
MM-MM.
>> FOLKS CAN COME TO CLAY COUNTY
VERY CONVENIENT.
NIGHT.
CALL THE NUMBER ON YOUR SCREEN
OR WOL
wolfretirement.com.
TAKE ADVANTAGE OF THE GENEROUS
THANK YOU, ADAM.