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In this episode, we ask:
- What is the biggest hidden snake in your retirement plan?
- What about bonds?
- What about future taxes?
- What about something outside of the market all together?
- What is the biggest unseen risk?
- What is sequence of return risk?
- What about good news?
- What about bad news?
- Who is Jeff Hochwalt?
- What’s Jeff’s story?
- What has Jeff seen in the industry?
- What did Jeff learn?
- Have you read The Bank on Yourself Revolution by Pamela Yellen?
- What about risk?
- What is sequence of return risk?
- Who could have predicted 2007 and 2008?
- What happens in the first 5 to 10 years of a portfolio?
- What are the four ways to manage sequence of return risk?
- What about spending?
- How might one overcome volatility?
- What did Wade Pfau say in 2013?
- What about the 4% withdraws rate (or the 4% rule)?
- If you had a 50% rate of arriving to your destination, would you still go on the journey?
- What about qualified plans?
- Will you make it 30 years or beyond?
- What about maintaining spending flexibility?
- How might one reduce volatility?
- What about fixed income assets, like bonds?
- What about moving assets into lower risk products, like an annuity from an insurance company?
- What about defined benefit pension plans?
- What about a rising equity glide path?
- What about buffer assets?
- What about building two baskets of money in your accumulation years?
- What about dividend paying whole life insurance?
- What about more income in retirement with less risk?
- How about two examples?
- What about when financial professionals talk about averages?
- What are some other considerations?
- What about family protection?
- What about wealth transfer?
- What about the baby boomers?
- What are the four steps?
- What about another example?
- How does this strategy make all the difference?
- What happens when the market crashes?
- What about a backup plan?
- What about a buffer?
- Would you like to hear Episode 194?
- Would you like to reach out to Mark and/or Jeff?
Jeff Hochwalt, CLU, ChFC, Managing Member of Financial Resource Partners, LLIC, has helped more than 450 clients grow their wealth without the risk or volatility of stocks, real estate, and other traditional investments. Jeff helps his clients take control of their finances and reach their financial goals and dreams without taking unnecessary risks. That is why his clients think of him as their “secret weapon,” helping them build and safeguard their wealth.
Jeff lives in the East Denver area with his wife, Carla. Jeff and Carla have five grandchildren in Ohio that they visit often. When Jeff is not working, you may find traveling the United States and sometimes out of the country with a camera in his backpack. He is a member of several photography clubs and has won a few awards with his photography art.
To provide his clients the level of service he believes they expect and deserve, Jeff accepts only a small number of new clients each month who are committed to achieving lifetime financial security.
Jack Gerstner lives in Elmhurst, IL with his beautiful wife Lauren and their daughter Mia. They have a baby boy due in November 2021. Jack is an Illinois native and has lived here his entire life. He is a Transportation and Logistics professional and an Officer in the Navy Reserve. When he’s not spending time with his family or working, Jack enjoys running, reading, and learning about finance. Jack started his Bank on Yourself journey in June 2014 with Lake Growth Financial and now has multiple policies on him and his family.
Chris Thurman is the co-owner of Thompson & Thurman in Amarillo TX and one of only 200 Bank on Yourself
Laurence J. Kotlikoff is a Professor of Economics at Boston University, a Fellow of the American Academy of Arts and Sciences, a Fellow of the Econometric Society, a Research Associate of the National Bureau of Economic Research, and President of Economic Security Planning, Inc., a company specializing in financial planning software. An active columnist, Professor Kotlikoff’s columns and blogs appear in the Financial Times, Bloomberg, Forbes, Vox, The Economist, Yahoo.com, and the Huffington Post. Professor Kotlikoff received his B.A. in Economics from the University of Pennsylvania in 1973 and his Ph.D. in Economics from Harvard University in 1977.