When things didn’t move quite so fast, and the world didn’t seem so complex? Remember that? We do. And as the world around us has continued to speed up, becoming more complicated, and still a bit uncertain, we have managed to keep things simple, providing sound, easy to understand financial advice and customized road-maps for the road ahead.
Investors who defer the same amount of money from their paycheck into a 401(k) plan at regular intervals are practicing dollar-cost averaging. By investing the same fixed dollar amount each time, the investor buys more shares when prices are low and fewer shares when prices rise.1 The long-term effect is that the average cost of each share purchased will be lower than the average share price.2
This strategy can work great when you are trying to accumulate assets for your retirement. But what happens when you withdraw from your investments for retirement income? While dollar-cost averaging reduces the risk of investing a lump sum of money when prices peak, it increases your risk of losing previous gains if you withdraw money when prices have dropped. If a retiree receives automatic systematic withdrawals for a fixed level of income, then in months when share prices drop, he or she will likely have to sell more shares to raise the needed money. Once those shares are sold, they never have the ability to recover lost gains.3
To create a more prudent income distribution plan, you may consider incorporating some solid, reliable income in your portfolio, in addition to Social Security benefits. This could mean government-backed bonds or an insurance-backed annuity.4 If you’d like to discuss how to position your assets to combine both guaranteed income and growth opportunity, please contact us.
It’s a good idea to develop multiple streams of retirement income. Ideally, you want to have the flexibility to stop and start withdrawals strategically from accounts that are performing well, giving others time to recoup paper losses.5 Also, maintain a healthy portion of assets in a liquid account to help pay for periodic expenses when you don’t want to tap your investments.
Another option is to be flexible with your retirement budget, such as having a Plan A budget and a Plan B budget. When the markets take a downturn, you can switch to budget B and downsize your expenses, perhaps by cutting out vacations, large purchases and eating out for a while. This shouldn’t be too hard given the way people have had to reign in their lifestyle throughout the past few months; you could call it your Pandemic Budget.6
Fresno Retirement Advisor Takeaways
Soutas Financial your Fresno financial planner would like to remind you of the following points: Investors who defer the same amount of money from their paycheck into a 401(k) plan at regular intervals are practicing dollar-cost averaging. This strategy can work great when you are trying to accumulate assets for your retirement. But what happens when you withdraw from your investments for retirement income? To create a more prudent income distribution plan, you may consider incorporating some solid, reliable income in your portfolio, in addition to Social Security benefits. It’s a good idea to develop multiple streams of retirement income. Ideally, you want to have the flexibility to stop and start withdrawals strategically from accounts that may be performing well, giving others time to recoup paper losses.5
Diversifying your retirement assets among a variety of vehicles and alternatives—both insurance and investment oriented, depending on what is appropriate for your situation—may offer you a better chance of meeting your retirement income goals throughout your lifespan. We help our clients with problems sometimes associated with retirement such as stopping spend down and avoiding probate. In doing so we leverage Long-Term Care Strategies as well as Asset Protection strategies designed to help accomplish those goals.
When searching for Fresno financial advisors, look no further than Soutas Financial & Insurance Solutions Inc. your Fresno financial planner is committed to helping take the complexity out of retirement planning. By using a variety of insurance and investment strategies that focus on Asset Protection, Long-Term Care Strategies, Legacy Planning, Tax-Efficient Strategies, IRA, 401(k) & 403(b) Rollovers, Life Insurance Annuities, Medicare, we can help you develop an overall retirement income strategy specific to you and your family. We have a strong team of professionals helping ensure you receive all the assistance you need not only in developing your retirement income strategy, but in maintaining it throughout your retirement. Contact us today at 559-230-1648 or visit us today at Soutas Financial to get your retirement plans on track for success!
Our firm is not affiliated with the U.S. government or any governmental agency. We are an independent firm helping individuals create retirement strategies using a variety of insurance products to custom suit their needs and objectives. This material is intended to provide general information to help you understand basic retirement income strategies and should not be construed as financial advice. Investment advisory services offered only by duly registered individuals through AE Wealth Management, LLC (AEWM). AEWM and Soutas Financial & Insurance Solutions, Inc are not affiliated companies. California Insurance License # OK48173 The information contained in this material is believed to be reliable, but accuracy and completeness cannot be guaranteed; it is not intended to be used as the sole basis for financial decisions. Investing involves risk, including possible loss of principal. Insurance product guarantees are backed by the financial strength and claims-paying ability of the issuing company. Diversification cannot ensure a profit or guarantee against losses in a declining market. If you are unable to access any of the news articles and sources through the links provided in this text, please contact us to request a copy of the desired reference. 722736 – 9/20
Colleges all over the country have introduced incoming freshmen to orientation online, an entirely different experience. The online format offers several advantages in that more information can be presented and web pages bookmarked for future reference. This may be preferable to the barrage of information students normally receive during a seemingly rushed one-to-two-day orientation. However, many students have expressed concerns about not getting to tour the campus and get a feel for where their classes will be held.1
The economic impact of the coronavirus has likely affected everyone in one way or another. If you having been paying or saving for a child to attend college this fall, you may want to reconsider your options. Many students take a gap year before or during college either for another type experience or just to grow up a little more before living on their own. The pandemic makes this a more viable option. One of the benefits is a gap year could give families a little more time to save and potentially earn more from their investments. If you’d like help assessing your situation and exploring ways to help protect or potentially maximize your savings, we’re here to assist you.
One of the biggest concerns is the possibility that students won’t be able to attend college campuses in the fall, given the current rise of outbreaks in different parts of the country. Fortunately, most colleges finished out their spring semester by moving to an online format as students returned home. With many of these logistics already worked out, it’s possible online classes will be far more prevalent for the rest of 2020 and even beyond.2
Some schools have arranged for contingency plans for students who do return to campus, such as socially distanced desks, single-room dorms, starting the semester early and ending by Thanksgiving to help reduce the virus risk during colder months. They also anticipate reducing or halting on-campus activities such as clubs and sports.3
Between the severely hampered college experience and the fact that many families have lost income due to the pandemic, researchers say there will likely be fewer students starting or returning to college this fall. One survey found that one in six high school seniors who planned to attend college in the fall has changed their plans due to COVID-19.4 Low-income families are particularly at risk, as hundreds of thousands of students nationwide neglected to complete the federal financial aid form this spring.5
Then there’s the problem of refunds for disrupted classes this past spring. While some universities provided pro-rated refunds for room and board expenses, most have not offered tuition discounts for the reduced experience of moving to online classes. This sticking point has led to approximately 100 class-action lawsuits filed by disgruntled students.6
One the positive side, some college-bound students may have a reason to celebrate a silver lining due to COVID-19: Many colleges have waived their SAT and ACT testing requirements for 2021 applicants.7
Fresno Financial Consultant Takeaways
Fresno financial planning is our utmost concern here at Soutas Financial and we thought these takeaways were worth mentioning again: Many students have expressed concerns about not getting to tour the campus and get a feel for where their classes will be held.1 One of the biggest concerns is the possibility that students won’t be able to attend college campuses in the fall, given the current rise of outbreaks in different parts of the country. Fortunately, most colleges finished out their spring semester by moving to an online format as students returned home. Some schools have arranged for contingency plans for students who do return to campus, such as socially distanced desks, single-room dorms, starting the semester early and ending by Thanksgiving to help reduce the virus risk during colder months. They also anticipate reducing or halting on-campus activities such as clubs and sports.3
Diversifying your retirement assets among a variety of vehicles and alternatives—both insurance and investment oriented, depending on what is appropriate for your situation—may offer you a better chance of meeting your retirement income goals throughout your lifespan. We help our clients with problems sometimes associated with retirement such as stopping spend down and avoiding probate. In doing so we leverage Tax Planning Strategies as well as Legacy Planning designed to help accomplish those goals.
When searching forFresno financial advisors, look no further than Soutas Financial & Insurance Solutions Inc. your Fresno financial advisor is committed to helping take the complexity out of retirement planning. By using a variety of insurance and investment strategies that focus on Asset Protection, Long-Term Care Strategies, Legacy Planning, Tax-Efficient, Strategies IRA, 401(k) & 403(b) Rollovers, Life Insurance, Annuities, Medicare, we can help you develop an overall retirement income strategy specific to you and your family. We have a strong team of professionals helping ensure you receive all the assistance you need not only in developing your retirement income strategy, but in maintaining it throughout your retirement. Contact us today at 559-230-1648 or visit us today at Soutas Financial to get your retirement plans on track for success!
Our firm is not affiliated with the U.S. government or any governmental agency.
We are an independent firm helping individuals create retirement strategies using a variety of insurance products to custom suit their needs and objectives. This material is intended to provide general information to help you understand basic retirement income strategies and should not be construed as financial advice. Investment advisory services offered only by duly registered individuals through AE Wealth Management, LLC (AEWM). AEWM and Soutas Financial & Insurance Solutions, Inc are not affiliated companies. California Insurance License # OK48173
The information contained in this material is believed to be reliable, but accuracy and completeness cannot be guaranteed; it is not intended to be used as the sole basis for financial decisions. Investing involves risk, including possible loss of principal. Insurance product guarantees are backed by the financial strength and claims-paying ability of the issuing company. Diversification cannot ensure a profit or guarantee against losses in a declining market. If you are unable to access any of the news articles and sources through the links provided in this text, please contact us to request a copy of the desired reference.
The 2020 election presents an interesting distinction between candidates. While historically, the incumbent president has offered a certain stability for another four years, Donald Trump’s style of governing could be considered unorthodox and unpredictable at times. In contrast, former Vice President Joe Biden served for eight years under President Obama, and many feel his track record and style of governing may actually be the more predictable of the two.
Putting personal characteristics aside, each candidate’s stance on the policy issues can offer some clues as to how the country may respond under the next president — and the nation’s potential for economic growth in the future.
Policy Issues
According to recent surveys conducted by Pew Research, nearly 80% of registered voters report that the key to their vote will be the candidates’ policy direction for the economy.1 This is particularly important right now given this year’s rapid decline in growth and employment due to the COVID-19 pandemic.
On one hand, Trump sees continued reopening of the economy as the way to move the country forward and supports additional stimulus measures, such as a payroll tax cut. He advocates spending for roads, bridges and airports but has not been able to reach agreement with Congress on infrastructure spending.2
Biden is proposing infrastructure improvements once the pandemic is under control, but he also would help the environment. His proposal would create zero-emissions public transportation, build sustainable homes and create clean-energy jobs.3
According to Pew, 68% of voters also are very concerned with health care policy.4 This was a big issue in the 2016 election season, but since Congress remains divided, very little has been achieved to move the needle on the rising cost of medical care and health insurance. Trump continues to try to dismantle the Patient Protection and Affordable Care Act (PPACA) but has yet to introduce another comprehensive national health plan in its stead.
Biden does not support a single-payer system such as the much-touted Medicare for All plan. He does favor making changes to strengthen and expand the current PPACA provisions, including adding a Medicare-like public option as another choice.5
Stock Market Performance
It is a common misconception that the stock market tends to outperform during the terms when there is a Republican president at the helm. This is because Republicans are historically more pro-business through deregulation policies and fiscally conservative spending.
By some measures, however, the stock market actually performs better when Democrats are in control. Based on the past four years, government spending has rocketed from $19 trillion in debt in 2016 to more than $26 trillion by mid-2020. During this time, the market has delivered surprisingly resilient returns, which offer a possible indicator that the stock market rather appreciates increased spending.6
This is further supported by the fact that from 1952 through June of 2020, Democratic presidents have yielded higher annualized real stock market returns than Republicans: specifically, 10.6% versus 4.8%. 7 The accompanying table provides the total percentage increase or decrease of the S&P as well as additional economic data under each president since 1945.
COVID Conundrum
Regardless of which candidate is elected and whether one political party assumes the trifecta of power in Washington, the biggest challenge to America’s economic future may well be the coronavirus. Up until the 2020 outbreak, the stock market had proved remarkably strong throughout the Trump administration, despite some short-term volatility. Even with the plunge after the early spring lockdown in many areas of the country, the stock market still managed to rebound in late March.
However, many analysts believe the market’s present sustainability is largely propped up by heavy stimulus from the government, via Congress and the Federal Reserve. Heading into the regular flu season, Americans wait to see if the two health conditions merge to plunge the country further into a health crisis, with some top economists observing that a full economic recovery may not be plausible until the coronavirus is under control.10
While economic concerns are generally the top driver in past elections, a recent Fortune-SurveyMonkey poll revealed that the primary political fear is the ongoing COVID-19 pandemic and public health. The data found that more than one-third (37%) of voters say that the pandemic is the No. 1 issue that will drive their vote.11
Final Thoughts
The historical data is clear: The stock market and economy tend to thrive more often under a Democratic president. However, the divisive political policies today tend to focus more on social issues than on economic ones — things like gun rights, equal rights, law enforcement and criminal justice reform, income disparities and immigration. As such, this year’s election could be more of a memorandum on pandemic and social fears than on economic policies or stock market performance.
The garden-variety advice for portfolio management in the wake of an election year remains the same, now more than ever: Don’t base your investment decisions on who the president is or which party controls Congress. Focus on yourself: your goals, your investment time horizon, your tolerance for day-to-day market volatility. Work with your advisor to develop a diverse asset allocation strategy designed to allow for flexibility and the resilience to weather political events, economic declines and pandemics.
Keep your eye on the long term, and contact your advisor any time you could use some assistance. In short, keep your eye on your own future, and ignore the noise that accompanies this election season.
Fresno Retirement Consultant Takeaways
As your Fresno retirement plan consultant we felt the following ideas were top notch: The 2020 election presents an interesting distinction between candidates. While historically, the incumbent president has offered a certain stability for another four years, Donald Trump’s style of governing could be considered unorthodox and unpredictable at times. Don’t base your investment decisions on who the president is or which party controls Congress. Focus on yourself: your goals, your investment time horizon, your tolerance for day-to-day market volatility. Work with your advisor to develop a diverse asset allocation strategy designed to allow for flexibility and the resilience to weather political events, economic declines and pandemics.
Diversifying your retirement assets among a variety of vehicles and alternatives—both insurance and investment oriented, depending on what is appropriate for your situation—may offer you a better chance of meeting your retirement income goals throughout your lifespan. We help our clients with problems sometimes associated with retirement such as stopping spend down and avoiding probate. In doing so we leverage Life Insurance as well as IRA, 401(k) & 403(b) Rollovers designed to help accomplish those goals.
When searching for Fresno financial advisors, look no further than Soutas Financial & Insurance Solutions Inc. your Fresno retirement plan consultant is committed to helping take the complexity out of retirement planning. By using a variety of insurance and investment strategies that focus on Asset Protection, Long-Term Care Strategies, Legacy Planning Tax-Efficient, Strategies IRA, 401(k) & 403(b) Rollovers Life Insurance, Annuities, Medicare, we can help you develop an overall retirement income strategy specific to you and your family. We have a strong team of professionals helping ensure you receive all the assistance you need not only in developing your retirement income strategy, but in maintaining it throughout your retirement. Contact us today at 559-230-1648 or visit us today at Soutas Financial to get your retirement plans on track for success!
Soutas Financial & Insurance Solutions Inc.
333 W. Shaw Avenue Suite 106
Fresno, CA 93704
(559) 230-1648 Soutas.com
Content prepared by Kara Stefan Communications.
1 Pew Research Center. Aug. 13, 2020. “Important issues in the 2020 election.” https:// https://ift.tt/2H7gAxx. Accessed Aug. 29, 2020.
2 Jeff Mason and David Shepardson. Reuters. “Trump team prepares $1 trillion infrastructure plan to spur economy.” https://ift.tt/3k1YgEh. Accessed Sept. 15, 2020.
3 Reuters. Aug. 10, 2020. “Where Biden and Trump stand on key issues.” https://ift.tt/3o9RGOC. Accessed Aug. 31, 2020.
4 Pew Research Center. Aug. 13, 2020. “Important issues in the 2020 election.” https:// https://ift.tt/2H7gAxx. Accessed Aug. 29, 2020.
5 Reuters. Aug. 10, 2020. “Where Biden and Trump stand on key issues.” https:// graphics.reuters.com/USA-ELECTION/POLICY/ygdpzwarjvw/. Accessed Aug. 31, 2020.
6 Kimberly Amadeo and Michael J. Boyle. The Balance. July 30, 2020. “US National Debt by Year Compared to GDP and Major Events.” https://ift.tt/347eztU. Accessed Aug. 31, 2020.
7 Sergei Klebnikov and Halah Touryalai. Forbes. July 23, 2020. “We Looked At How The Stock Market Performed Under Every U.S. President Since Truman — And The Results Will Surprise You.” https://ift.tt/35aBcNg. Accessed Aug. 29, 2020.
8 Ibid.
9 Ibid.
10 Jeff Cox. CNBC. Aug. 8, 2020. “Fed’s Kashkari advocates six-week economic lockdown to defeat the coronavirus.” https://ift.tt/3j6McAn. Accessed Aug. 29, 2020.
11 Nicole Goodkind. Fortune. July 30, 2020. “The economy is no longer Americans top concern heading into the 2020 election.” https://ift.tt/3lUDQxp. Accessed Aug. 29, 2020
Our firm is not affiliated with the U.S. government or any governmental agency.
We are an independent firm helping individuals create retirement strategies using a variety of insurance products to custom suit their needs and objectives. This material is intended to provide general information to help you understand basic retirement income strategies and should not be construed as financial advice. Investment advisory services offered only by duly registered individuals through AE Wealth Management, LLC (AEWM). AEWM and Soutas Financial & Insurance Solutions, Inc are not affiliated companies. California Insurance License # OK48173
The information contained in this material is believed to be reliable, but accuracy and completeness cannot be guaranteed; it is not intended to be used as the sole basis for financial decisions. Investing involves risk, including possible loss of principal. Insurance product guarantees are backed by the financial strength and claims-paying ability of the issuing company. Diversification cannot ensure a profit or guarantee against losses in a declining market. If you are unable to access any of the news articles and sources through the links provided in this text, please contact us to request a copy of the desired reference. 722736 – 9/20
When the coronavirus first began to reveal its ugly head in America, people were concerned. Not just about their health, but about their finances. Nearly nine out of 10 people (88%) surveyed by the National Endowment for Financial Education said they were worried about their financial situation.1
Financial stress is not exclusive to lower-income workers. In fact, during this particular crisis, many lower-income jobs are deemed “essential services” and are in high demand. Professionals employed in other industries, such as physicians, dentists and many small-business owners, have had to reduce their client base and/or temporarily close shop altogether. Nearly eight out of 10 (79%) people with a household income of more than $100,000 a year report being at least somewhat concerned about their finances.2
Take Charge
One way to handle financial stress is to deal with it head on. Take stock of the resources you do have; this may or may not help you feel better. Either way, knowledge is power. We may not be able to control the virus or its toll on the U.S. economy, but knowing what we have gets us one step closer to developing a plan for financial sustainability. For example, your personal financial assets may include: Savings accounts, Investment accounts, Retirement accounts, Health savings accounts, College savings accounts, Whole life insurance, Real property, Structured settlements, Vehicles (auto, boat, motorcycle, recreational), Art, jewelry, wine or other high-value collectibles, Expensive furnishings and household items.
Develop Plans A, B and C
One way to help manage your financial stress is to focus on tasks you can control. Develop a plan to supplement any income you’ve lost right now. Also, develop plans B and C for contingency money should you meet with any other obstacles — such as reduced work hours, job loss or a major medical emergency. Getting your ducks in a row, even if you don’t have a lot of ducks, can still give you confidence. Instead of operating in the dark, you’ll know what you have, what you need and where you can go next if you need more cash.
Discover Your Options
Even people who are not impacted by the pandemic right away may feel the effects later on. For example, older workers may decide to go ahead and retire. However, drawing Social Security benefits at an earlier age could mean the loss of tens of thousands of dollars over the course of a long retirement. Workers who take advantage of new COVID-eligible borrowing criteria from retirement plans may suffer the consequences of lost earnings and income later on.
And yet, if you need sources of income to cover existing expenses, these are viable options. Knowing what’s available can help you develop a plan to help mitigate that sense of financial distress.
Creditor Options
Times are difficult for everyone, even banks. Hiring a debt collection agency or starting the eviction or foreclosure process can be very expensive, so banks and other financial institutions would rather avoid this situation. One step you can take is to call creditors to discuss repayment options. They may be open to structuring an alternative payment plan for the time being. The same may hold true for utility providers and medical bills. Just reaching out shows that you are aware of your financial obligations and concerned about repayment. This may work to your advantage as opposed to missing payments and hoping your creditors don’t take action.
Social Security
If you have reached full retirement age but are not yet age 70, you can begin drawing Social Security benefits and then stop them once you get back to earning regular income. The good news is that while your benefits are suspended, they will continue to accrue until you restart them again. This way you don’t have to lock in at a lower level for the rest of your life.4
Retirement Plan Assets
Retirement account owners who qualify have up until Dec. 30, 2020, to take coronavirus-related distributions. The total aggregate limit you can withdraw from all plans is $100,000. The 10% early withdrawal penalty is waived for account owners younger than age 59 ½. This particular distribution also waives the 20% income withholding requirement, so account owners will have to pay taxes on this distribution when they file next year. Note that the taxes owed on COVID-eligible distributions may be spread out evenly over three years. By doing so, there’s less likelihood that the extra income will bump you into a higher tax bracket. 5v
Be Resourceful
Even in this economy, there are ways to earn money. New industries have cropped up or become more mainstream, such as Instacart shoppers and DoorDash delivery. If you feel reasonably low-risk from the ravages of the virus, there are plenty of families seeking childcare, tutoring and homeschooling assistance so they can go to work and pay you. The key in this economy is to be flexible, resourceful and look for services that are in demand. For example:
• Explore work-from-home options.
• Check out essential worker jobs.
• Trade and barter goods and services with family and friends.
• Rent out a room in your home.
• Consider the option of personal bankruptcy to help alleviate the stress of creditor calls, although you must consider the long-term consequences.
Stress Management Tips
Even in normal times, financial stress can take its toll on a marriage. It’s important that spouses communicate honestly and work on challenges together because problems can certainly worsen during difficult times like these. Recent studies have shown that partners who continue demonstrating love and affection for each other tend to be better at weathering the strain of financial troubles.6
“It’s hard to remember to do that when you’re in the middle of financial stress. But making sure that your partner knows that you’re there for them, and doing things that show love and affection for them is really important.”7
While meeting challenges head on and creating a plan is a strong step to getting your financial house in order, don’t let this worry consume you. It’s important to step away from perpetual thoughts about money and distract yourself in healthy, enjoyable ways. For example:
• Get regular exercise, particularly out in nature.
• Learn and practice relaxation techniques, such as meditation, yoga or tai-chi.
• Eat healthy, well-balanced meals every day.
• Make time for hobbies, interests and downtime.
• Set appropriate limits and say no to things that cause you stress.
• Seek out social support and spend time with people who put you at ease.
• Laugh — turn on old episodes of television shows, movies, variety shows or stand-up comedy specials that always make you laugh. Think episodes of “The Carol Burnett Show” or “MASH.”
• Help someone else — this is one of the best ways to get your mind off your own troubles.
• If you’re working, tap benefits offered by your employer, from student loan assistance to an Employee Assistance Program (EAP), which may offer resources and counseling for marital, financial, legal, dependent care, substance abuse and mental health problems.
• Speak with a professional if you think you need more support to manage your anxiety. If distress impacts daily life activities for several days or weeks, consult with a clergy member, counselor or physician.
Final Thoughts
Anxiety often stems from uncertainty. Not knowing what will happen with regard to the coronavirus, or how long things will be different, can be very stressful for everyone, regardless of their financial situation. This is important to remember because you are not alone. When it comes to dealing with financial distress, an experienced advisor can be one of your best resources. If you need help exploring options and developing a plan to help mitigate money worries, your financial advisor should be one of your first phone calls.
Fresno Financial Planner Takeaways
When it comes to Fresno retirement planning Soutas Financial puts your future first. Don’t forget these great reminders: Financial stress is not exclusive to lower-income workers. One way to handle financial stress is to deal with it head on. Take stock of the resources you do have. The key in this economy is to be flexible, resourceful and look for services that are in demand. While meeting challenges head on and creating a plan is a strong step to getting your financial house in order, don’t let this worry consume you. It’s important to step away from perpetual thoughts about money and distract yourself in healthy, enjoyable ways.
Diversifying your retirement assets among a variety of vehicles and alternatives—both insurance and investment oriented, depending on what is appropriate for your situation—may offer you a better chance of meeting your retirement income goals throughout your lifespan. We help our clients with problems sometimes associated with retirement such as stopping spend down and avoiding probate. In doing so we leverage medicare as well as Annuities designed to help accomplish those goals.
When searching forFresno financial advisors, look no further than Soutas Financial & Insurance Solutions Inc. your Fresno retirement planning advisor is committed to helping take the complexity out of retirement planning. By using a variety of insurance and investment strategies that focus on Asset Protection, Long-Term Care Strategies, Legacy Planning Tax-Efficient, Strategies, IRA, 401(k) & 403(b) Rollovers, Life Insurance, Annuities, Medicare, we can help you develop an overall retirement income strategy specific to you and your family. We have a strong team of professionals helping ensure you receive all the assistance you need not only in developing your retirement income strategy, but in maintaining it throughout your retirement. Contact us today at 559-230-1648 or visit us today at Soutas Financial to get your retirement plans on track for success!
Soutas Financial & Insurance Solutions Inc.
333 W. Shaw Avenue Suite 106
Fresno, CA 93704
(559) 230-1648 Soutas.com
Content prepared by Kara Stefan Communications.
1 National Endowment for Financial Education. April 16, 2020. “Survey: Nearly 9 in 10 Say COVID-19 Crisis is Causing Financial Stress.” https://ift.tt/3iRsNDu. Accessed Aug. 3, 2020.
2 Ibid.
3 Ibid.
4 Social Security Administration. 2020. “Suspending Your Retirement Benefit Payments.” https://ift.tt/2GTVWAx. Accessed Aug. 3, 2020.
5 Merrill. 2020. “The CARES Act and your investment accounts.” https://ift.tt/2SSOxnC. Accessed Aug. 3, 2020.
6 University of Arizona/EurekAlert! April 21, 2020. “What helps couples weather financial storms.” https://ift.tt/2Vr0gfj. Accessed Aug. 3, 2020.
7 Ibid.
Our firm is not affiliated with the U.S. government or any governmental agency.
We are an independent firm helping individuals create retirement strategies using a variety of insurance products to custom suit their needs and objectives. This material is intended to provide general information to help you understand basic retirement income strategies and should not be construed as financial advice. Investment advisory services offered only by duly registered individuals through AE Wealth Management, LLC (AEWM). AEWM and Soutas Financial & Insurance Solutions, Inc are not affiliated companies. California Insurance License # OK48173
The information contained in this material is believed to be reliable, but accuracy and completeness cannot be guaranteed; it is not intended to be used as the sole basis for financial decisions. Investing involves risk, including possible loss of principal. Insurance product guarantees are backed by the financial strength and claims-paying ability of the issuing company. Diversification cannot ensure a profit or guarantee against losses in a declining market. If you are unable to access any of the news articles and sources through the links provided in this text, please contact us to request a copy of the desired reference. 722736 – 9/20
