Roadmap to Retirement by Thrive Financial Services

We find most times when we sit with clients that want to have an annuity review done as part of their retirement road map review, because they don't understand what they bought. Most times annuities are sold, they're not bought by the consumer. So, we dive in very deep. We get as clinical as someone wants us to be, but people do walk out with complete and utter clarity. We understand them inside a...

What makes Thrive unique? Our process, our team work, our experience. "Our unique process is really trying to completely understand the position of the person or people that we're sitting in front of. We don't take generalities. We want to know you. We want to know exactly what's going on. What's your fear? What's your strength? What's your concern? What do you got? Where do you want to go?"

Learn about the common mistakes that people are making while planning retirement and in retirement in general. And one of the biggest mistakes we have come across when people walk through that door, is they didn't think they didn't need a financial advisor, and they've already made the mistakes, but sometimes we can help them out.

What we try to communicate to the folks that we get the opportunity to sit down with is just try to take a step back. Remove the emotion from the equation. Watch what the successful people are doing, and that's how you can base a decision.

Among American's 65 and older, almost twice as many women, as me, are living with financial hardship. 68% of all of the elderly poor, are women. Again, we've set it before, and we'll say it again, women do tend to outlive men.

We have come to the realization that in meeting with couples and a lot of time single women, whether they're single through a divorce situation, through being widowed, or just never being married, and had very little knowledge of the family financial situation. If women are outliving men statistically, they need someone to help answer the questions. That's why we're here!

Sometimes people spend more time planning a wedding or planning a vacation or planning this or that, when they should spend a lot more time planning their retirement.

We're gonna talk about three main things and what to do about them if you are getting an offer about early retirement planning, or early retirement packages.

Do you have enough money to last through retirement?

Listen and learn how to navigate through retirement.

You don't know what you don't know. That's why we're here!

Thrive has partnered with a premier property and casualty insurance agency in the Delaware Valley area providing quotes at no charge to Thrive clients!

We're going to spend some time today talking about the difference between somebody who's really in the financial field and really focused on helping people accumulate their asset, but the thing that we hear so often and so passionately from the people that attend our workshops or come into our office for Retirement Roadmap consultation is it's really the first time that they're having this deep of...

We will address the areas of challenge in retirement, we will talk specifically to the women in our listening audience about women in retirement, and of course we'll go back in time and focus on the updated changes in all of the tax laws.

Did you know... 93% of food purchases are made by women, so that's 93% and as I go down, I'm gonna skip a couple, but 85% of consumer purchases are made by women. 80% of all consumer purchasing decisions are made by women. And 65% of new car purchases are made by a woman. And then we get down to number of stocks that are owned by women and it's 40%.

The very first, most important thing in talking about your benefits is making sure you have the most up to date information.

Don't even bother calling the Social Security Administration. You won't get anywhere. Call us, instead!

Over the past couple weeks we've seen over a 10% decline on the market, erasing all the January gains, and starting to dip back into 2017. So again, we talk about preparing. Preparing for retirement. We gotta be proactive and find out.

What we want to help people understand is that you can actually really enjoy the layover in retirement planning right before taking off for your retirement of your dreams. There's a way of making the experience much, much easier. So what you need, is you need a good travel planner. Someone who knows their way around and who has helped other travelers have fun in retirement planning before having a...

'Cause you know, somebody said that money can't buy you happiness, but being broke can't buy you happiness either. So not realizing that you've got a big pile of cash sitting in your house that you can tap into is something that can inhibit people from, I don't want to say happiness, but having options. Money doesn't buy you happiness, but it does buy you options.

Some smart investors who plan ahead can easily hit the one million dollar mark. I know it sounds like a lot of money when you first start out, but you can hit the one million dollar mark in your 401(k)s, but the truth is, most of us don't have the time or patience to learn all the strategies that you need to get there.

You cannot get a second opinion from the same person who gave you the first!

But one thing we do know, is that there is gonna be a hike in our debt. And, when we see that happen, it's going to basically negate some of the plans that the government had to really create stimulus. So, the plan is estimated to add about one trillion dollars to the debt burden that was already slated to grow, due to rising expenditures from an aging population.

70% of people, people already collecting Social Security, they're actually going to see that increase. Because what happened over the past couple years. There were small cost of living adjustments, where typically people were playing about approximately $109 a month. So, 2017 Medicare cost $134, well in 2018, it's also going to cost $134. However, that 2% increase that people are getting from Soci...

Over 40% more people now have mortgages heading into their 60s. Sometimes that's something that keeps them from hanging up the cleats, if you will. We have sat down with a client recently where that happened to we're just talking about that. Plus, how to utilize the equity in the house, where you talk about, there's a line of credit structure.