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Special Announcement

Novus Financial Group has scheduled its first two seminars of 2024. The topic of these seminars is Estate Planning and our special guest speakers are John & Lorri Posani of the Posani Law Office (https://www.posanilawoffice.com). The dates of the seminars are April 2nd & 4th from 6:00 pm - 7:15 pm and they will be held at:

OSU Golf Club’s Kepler Club House (Heavy hor d’oeuvres will be provided)

Topics of these two Estate Planning Seminars include:

What estate document might be THE MOST IMPORTANT one to have

Learn about recently updated tax strategies that turn your taxable assets into tax-free assets (NOT a Roth strategy)

The estate documents you want if your child is college-bound

How to fortify your estate plan to combat the high-inflation economy

Will vs Trust: Differences and when you want one over the other

How to leverage your assets to make them work as hard as possible for your

Why documents are only ½ of the estate plan

Avoiding Probate: what it means and how to do it

How to begin the Estate Planning process

The quickest and easiest strategies that you can implement that can have a significant impact on your Estate and your Legacy

Why did I buy that!? Common Dream Purchases Retirees Wish They Had Reconsidered

by Eric Seyboldt 

Reflecting on Financial Choices

Transitioning into retirement unlocks a door to newfound liberty and the chance to pursue dreams that have been eagerly anticipated. Yet, this stage of life also unveils certain financial truths. Those aged 65 to 75 frequently embark on large "dream purchases" which, upon reflection, might trigger buyer’s remorse. Here we explore these typical investments that often lead to second thoughts, providing crucial insights for those on the cusp of retirement to consider before committing to similar expenditures.

High-End Automobiles

A top dream buy for many entering their leisure years is a premium automobile. The allure of navigating the streets in a sophisticated vehicle cannot be overstated, but its swift depreciation, along with ongoing costs for upkeep, insurance, and fuel, can quickly erode a retiree's finances. An oil change for a Mercedes can cost over $600! The value of luxury cars plummets the instant they leave the dealership, rendering this an investment many wish they had reevaluated.

Second Homes in Idyllic Settings

The aspiration to own a second home in a serene locale captivates many. Yet, the continuous overheads such as property taxes, upkeep, insurances, and utility bills can burden one's retirement nest egg. Moreover, managing another property might prove to be more of a logistical nightmare than a source of relaxation, diminishing the pleasure it was supposed to bring.

Costly Leisure Activities or Club Memberships

Embarking on new pastimes or becoming part of exclusive societies might appear as an attractive method to enrich retirement life. Nevertheless, the expenses linked with high-end leisure activities like golf, boating, or extensive travels can accumulate swiftly. Splurging on memberships that initially seemed beneficial often leads to regret when they’re not fully taken advantage of, positioning them as a frequent cause of disappointment among retirees.

Extravagant Monetary Gifts

Some retirees opt to financially assist or lavish their relatives with substantial gifts or shoulder their financial responsibilities. Although such generosity is commendable, not weighing these gifts against one's own retirement requirements can incite financial worry and remorse, particularly as savings deplete more swiftly than planned.

Conclusion

Entering retirement offers a spectrum of opportunities for joy and satisfaction. However, it is vital for individuals in this demographic to weigh their dream expenditures carefully, considering not only the immediate pleasure they may provide but also their long-term fiscal impacts. By doing so, retirees can sidestep the common downfall of buyer’s remorse, paving the way for a retirement that is both fulfilling and financially sound. Emphasizing careful planning, prioritizing, and focusing on sustainable joy is essential in embracing the golden years without regret over hasty purchases.

Reach out to us for a complimentary, 10-minute consultation call. Let's explore together how we can help you maximize your income in retirement, ensuring your golden years are as fulfilling and worry-free as you’ve always imagined. Email Eric at [email protected] or give us a call today to schedule your consultation. Let's make your retirement dreams a reality!

Invest before this company becomes a household name

What if you had the opportunity to invest in the biggest electronics products before they launched into big box retail, would you?

Ring changed doorbells and Nest changed thermostats. Early investors in these companies earned massive returns, but the opportunity to invest was limited to a select, wealthy few. Not anymore. RYSE has just launched in 100+ Best Buy stores, and you're in luck — you can still invest at only $1.50/share before their name becomes known nationwide.

They have patented the only mass market shade automation device, and their exclusive deal with Best Buy resembles that which led Ring and Nest to their billion-dollar buyouts.

Learn how you can become a shareholder.

Client Q & A of the Week - What are the best ‘Fixed Rate’ accounts for short-term investing right now?

Client: Eric, I’m looking to set aside some funds in a short-term, fixed-rate account. What would you suggest?

Eric: You may want to consider a ‘Fixed Annuity’. A fixed annuity is a financial product offered by insurance companies, designed to provide investors with a guaranteed rate of return, typically for retirement purposes. It involves an initial investment that accumulates interest at a fixed rate, before disbursing regular payments to the annuitant over a specified period or for life or being withdrawn in a lump-sum.

Top 5 benefits of owning a fixed annuity include:

1. Guaranteed Returns: Fixed annuities offer a guaranteed interest rate, providing a predictable and steady income, which is particularly valuable in volatile market conditions.

2. Tax-Deferred Growth: The investment grows tax-deferred until withdrawals begin, allowing the capital to compound over time without the immediate tax liability, thus potentially enhancing the overall return.

3. Risk Mitigation: By providing a fixed income, these annuities help mitigate risk associated with market fluctuations, making them a safe haven for conservative investors or those nearing retirement.

4. Lifetime Income: Many fixed annuities offer the option to receive payments for the remainder of the annuitant's life, ensuring financial stability and peace of mind in retirement.

5. Estate Planning: Fixed annuities can be structured to include death benefits, allowing the remaining value of the annuity to be passed on to beneficiaries, thereby playing a strategic role in estate planning.

Considering these benefits, fixed annuities can be an essential component of a well-rounded retirement strategy, offering security, predictability, and efficiency in financial planning.

Here are current fixed annuity rates and their durations from Top A-rated carriers (subject to change at any time, not FDIC insured):

3- year: 5.70%

5-year: 6.15%

Please feel free to email Eric at [email protected] if you’d like to ask any questions or request information on these fixed annuities or other retirement topics that are on your mind.

REAL ASSETS, Invest Like the Ultra-Wealthy 

The US Dollar is getting crushed!

If, like many Americans, you’re looking for ways to diversify and protect your retirement savings against economic and geopolitical uncertainty this year, we have some answers for you...

Whether we’re talking about the debt ceiling worries, high inflation, high interest rates, high government spending, dollar devaluation, or overall unpredictable markets, we’re truly in a “pick your poison” situation that our nation has never experienced before.

One defensive investment strategy gaining prominence is the conversion of part of your IRA or 401(k) into physical gold or barrels of Bourbon.

Valuation of Real Assets is influenced primarily by three factors: 1) the global demand of the Real Assets, 2) the long-term interest rates of currencies and 3) the comparative value of fiat money against tangible assets.

Owing to these factors, gold tends to prosper in times when either a lax monetary policy leads to inflationary pressures or during economic downturns. Bourbon tends to prosper in any economic condition. Therefore, Real Assets are more accurately seen as safeguards against extreme financial situations in addition to a means to diversify incrementally in stable times.

Allocating funds into the asset class known as “Real Assets” may be a strategy that you should consider.

Ask us how to Rollover a portion of Your IRA or 401k To A GOLD IRA (link below) or a BOURBON IRA (www.bourbon.fund/how-it-works/) and:

• Safeguard your assets from the collapsing dollar

• Incorporate the ‘REAL ASSET’ class into your portfolio like the ultra-wealthy

• Hedge against the current high-inflation conditions

• Protect your retirement assets against economic crises

Just get in touch. We make it easier than ever.

Feedback or Questions?

You’re invited to get in touch with us if you’d like to find out how the Novus Financial Group can help you on your journey to a happy, fulfilling life in Retirement. 

We have a lot of great information, as well as podcasts from our radio show ‘The Financial Insider’, and tools on our website - www.novusfg.com.

[email protected] www.novusfg.com [email protected]

Office: 614-943-2265

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Investment advisory services are offered by duly registered individuals on behalf of CreativeOne Wealth, LLC a Registered Investment Adviser. CreativeOne Wealth, LLC and Novus Financial Group are unaffiliated entities.

The content we provide here isn’t financial advice and cannot be taken as such. Please speak to your financial advisor before making any investment decision. Also, note that every investment comes with its risks and drawbacks. Lastly, we would like to remind you that past results cannot guarantee future returns.

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