Retirement Examined

The weekly email that keeps you up to date on exciting Retirement topics in an enjoyable, entertaining way for free.

Retirement Expectations vs. Reality: How to Ensure Your Golden Years Are Truly Golden

by Eric Seyboldt 

Retirement marks a pivotal shift from a structured work life to a period focused on personal satisfaction and wellness. As you approach this phase, it's critical to be aware of both the benefits and potential hurdles that lie ahead. With my background in economics and financial planning, I am to offer you an in-depth look at what you can expect during this time.

First off, maintaining financial stability is critical. In today's economy, marked by moderate inflation and variable market trends, ensuring your investments are diversified is key. This strategy will shield your finances from unexpected market shifts and rising prices. Regular meetings with your financial advisor to fine-tune your investment strategy are advisable.

Regarding income, Social Security benefits will probably be a fundamental component of your retirement funds. Nevertheless, it's vital to supplement this with other sources like pensions, retirement accounts, and possibly part-time jobs or passive income avenues. Such a diversified income plan will help sustain your lifestyle and manage unforeseen costs.

Healthcare is another vital concern. As one ages, medical needs tend to increase, making it crucial to have robust health insurance. While Medicare addresses many basic healthcare needs, getting additional coverage is wise, especially for long-term care, which can be costly.

Beyond money matters, retirement opens the door to explore long-postponed interests and activities. Participating in community functions, volunteering, or engaging in new learning experiences can offer a renewed sense of purpose. Keeping active in mind and body is essential for staying healthy.

Social interaction is equally important for a fulfilling retirement. Keeping up and forming new connections with peers can ward off isolation and provide emotional support. Joining groups, whether travel clubs or local community organizations, can enhance your social life and keep you involved.

Consider the experience of John and Mary, a couple who retired five years ago. John, an engineer, and Mary, a schoolteacher, planned their retirement carefully with diverse investments and were mortgage-free upon retiring. They relocated to a more affordable town, extending their savings. John started a small venture in woodworking, turning a hobby into a profitable and engaging pursuit. Mary began volunteering at a local school, helping students improve their reading. Their approach demonstrates how balancing financial planning with personal interests can lead to a satisfying retirement.

Another instance is Linda, a former marketing executive who was initially worried about her transition into retirement. She chose to gradually reduce her work hours and invested time to learn about financial management, boosting her confidence about the future. Linda also joined a retiree travel group, which offered her opportunities to see new places and meet new people. This blend of a gradual transition, continuous learning, and active socializing made her retirement enjoyable and fulfilling.

Ultimately, adopting a flexible and open attitude toward retirement is crucial. It may take some adjustment, but with thoughtful preparation and an active approach, it can be a wonderfully rewarding time. Retirement isn’t just a conclusion of your professional life but a chance to redefine yourself and enjoy the rewards of your hard work. The stories of John, Mary, and Linda illustrate that with the right planning, retirement can be a period of personal development, adventure, and profound contentment.

Reach out to us for a complimentary, 10-minute consultation call. Let's explore together how we can help you protect your assets, 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!

How do I choose the right Bourbon investment fund for me?

by Andrew Newby

Choosing the right Bourbon investment fund for you depends on several factors, including your investment goals, risk tolerance, and investment horizon. The Bourbon Reserve offers Whiskey Equity Investment Trusts (WEITs) with various time horizons, such as 3-year, 5-year, 10-year, and 10+year funds. Here are some considerations to help you make an informed decision:

1. Investment Goals: Determine your financial objectives and how a Bourbon investment fund can fit within your overall portfolio. Are you looking for diversification, capital appreciation, or an alternative investment with potentially attractive returns?

2. Risk Tolerance: Assess your willingness to accept risk and potential fluctuations in the value of your investment. Keep in mind that alternative investments like Bourbon funds can carry unique risks, including market volatility and regulatory changes.

3. Investment Horizon: Consider the length of time you're willing to commit to the investment. Longer-term funds might offer higher returns due to the aging process and value appreciation of the Bourbon, but they may also require a longer investment horizon and reduced liquidity.

4. Fund Goals: Discuss the strategic goals of the fund with the management team of each fund option. While past performance is not indicative of future results, understanding the target time horizon and global market potential can help you make an informed decision.

5. Diversification: Evaluate the fund's portfolio and diversification to ensure it aligns with your desired level of diversification.

By taking these factors into account, you can choose which of our Bourbon investment funds best aligns with your financial goals, risk tolerance, and investment horizon. Consulting with a financial advisor can also provide additional guidance tailored to your specific situation.

About the Author

Andrew Newby

Andrew is a passionate entrepreneur and experienced tech strategist with a deep love for the Bourbon industry. As the CEO of The Bourbon Reserve, he leads the charge in navigating the exciting world of Bourbon investments. Andrew's entrepreneurial spirit extends to co-founding The Toledo Spirits Co. and HEAVY Beer Co., where he has played an instrumental role in their growth and success. Alongside his ventures in the spirits industry, Andrew boasts a strong background in software product development, making him a versatile leader in both the Bourbon and tech worlds.

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):

Rates Are Starting To Drop! Don’t Wait To Lock Them In!

3-year: 5.70% (under $100k Deposited)

3-year: 5.85% (over $100k Deposited)

5-year: 5.70% (under $100k Deposited)

5-year: 6.10% (over $100k Deposited)

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 

Have You Called Us Yet to Explore Gold or Bourbon as an Addition to Your Portfolio?

With the current economic fluctuations, an increasing number of savvy investors are turning to tangible assets to safeguard their retirement savings. Physical gold and other less conventional choices like barrels of bourbon are becoming highly popular. These tangible investments act as a solid protection against the effects of excessive money printing and inflation. They are also wonderful for diversifying your portfolio during stable periods.

Throughout history, tangible assets have consistently performed better than other investment forms in times of economic recession and volatility. They provide a dependable shield against potential financial crises. Including tangible assets in your investment portfolio can be both smart and profitable.

Considering today’s economic volatility, investing in tangible assets could be a wise strategy to maintain the stability of your financial plans. Interested in discovering how these physical investments can benefit your portfolio? Let’s explore together and set the foundation for a secure and thriving retirement!

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 BOURBON IRA (www.bourbon.fund/how-it-works/) or a GOLD IRA (see link below) 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

Feel Free To Forward Retirement Examined To A Friend and Have Them Subscribe By Clicking The Button Below:

Reach out if you’d like to advertise your business on Retirement Examined or would like to be a sponsor.

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.

This website contains one affiliate link. When you click on the link and make a purchase, we may receive a commission at no additional cost to you. We only promote companies that we have personally used or researched and believe will add value to our readers