106 Things We Do For Clients, No. 98

No. 98 of 106 Things We Do For Clients

Bring to your table extensive expertise, education, and real-life experience.

We have worked with a wide array of clients with different objectives, risk tolerances, risk capacities, and cash-flow needs. This depth brings you an extreme advantage over those who manage their own investments, make their own financial decisions from limited knowledge, or rely on sales/product-oriented brokers. In other words, gray hair matters; and we have some. Experience matters more than age, and we have that, too.

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2 Responses to 106 Things We Do For Clients, No. 98

  1. Charlie October 11, 2018 at 7:50 am #

    Richard – Here’s a question for you:
    A 64 year old male in good health is trying to figure out which pension option to trigger. Option #1 is to take the pension for his entire life, in this case about $3K/ month. Option #2 is to take $2.5K/month, which would cover both him and his spouse for the rest of their lives.

    Should the male take the $3K option and buy life insurance on himself instead of going with the $2.5K option for the couple? The $500/month spread will not impact the couple’s quality of life.


    • Rick Kahler October 12, 2018 at 1:52 pm #

      Charlie, great question and solution. I have done this once or twice when the amount of insurance that could be purchased resulted in a higher overall benefit that the survivors benefit package. It can be a bit of a complicated calculation, but they can also be no-brainers. For example, if $500 a month purchases enough life insurance that a 3% withdrawal rate would equal $36,000 a year, it’s a no brainer. This would mean about $1,200,000 in insurance if I understand this correctly and did my math right! Hope that helps.