Mon, 16 June 2014
This week we discuss:
Less Than 10% of Advisors Have a Succession Plan
This is a scary number considering that if your advisor is unable to serve you due to injury or death, the retirement plan you’ve put in place could be in jeopardy.
These are just some of the important questions that need to be asked by you to assure your retirement plan is not disrupted.
This month, I’ll post a checklist in the Retirement Library of items you should look for in your advisors succession plan to assure some continuity of service.
Listener Question: Lynn asks, “How do I manage my cash flow during retirement?
How to manage cash flow during retirement is one of the questions I’m asked most. Not receiving a monthly paycheck during retirement can be unnerving. In retirement, it is important to have a system to create a paycheck to pay your monthly retirement expenses.
I outline the Cash Flow Reserve system we use to help clients cover their retirement expenses.
The Benefits of the System
This week I’ll post a detailed outline on how to build your Cash Flow Reserve system in the Retirement Answer Library.
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