Reduce Your Financial Risk In Retirement
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Mike Cunningham | Retirement Planning Specialist
Mike Cunningham, Retirement Income and Insurance Advisor and Owner of Freedom Financial and Insurance Services, has been helping retirees and pre-retirees plan for their “second life” for over 25 years. Mike specializes in retirement lifestyle protection with an emphasis on tax efficiency and guaranteed income planning.
Mike has helped many retirees and pre-retirees learn how to double their retirement income by controlling or eliminating taxes, fees, and investment losses in the planning process. The best results are achieved when the planning process begins years before retirement is to take place.
Mike’s education based teaching style provides critical strategies to help you maximize Social Security income benefits. He will help you navigate and understand the complexities of Social Security options so you can make wise choices. He will also help you understand the options many people are using to reduce or eliminate the high cost of long-term care expenses.
Your retirement years are your reward for a lifetime of working hard. You could be looking at a retirement that will last twenty-five years or more. That is a great thing, but planning for it comes with more challenges than ever before. So while you are thinking about hobbies and travel, you are probably also concerned about healthcare costs, volatile markets, taxes, and out-living your money.
Mike will guide you through the many choices that need to be made to protect your future lifestyle, and the financial legacy that you would like to leave for your loved ones.
Plan Well, Retire Well!
CA Insurance License #0769057
“I have been extremely pleased with both the product, service, and support I received from Mike Cunningham. The plan he designed for me is great, and Mike provided the right blend of information and common sense.”Brice Harris
“Mike’s non-pressure and informative style made me immediately at ease and I was able to understand the options for a solid plan to take care of my family’s needs. I am happy to be represented by such an outstanding professional.”Norman R. Siefkin
“I have worked with Mike for the past several years in my capacity as Manager of Benefits for San Juan Unified School District. I find that he is extremely knowledgeable in his area of expertise. Mike provides many options to consider to find the plan that best met my needs.”Debbie Fleming
“I was very impressed with Mike and his desire to help me with my planning needs. He took the time to show me the different options so that I felt comfortable with the planning process. He worked with integrity and I never felt pressured or rushed to make a decision. I would say to anyone wanting information to give Mike a call.”Dick Gonsalves
What We Offer
That’s why we make income planning our top priority at our firm. We help our clients establish a solid income plan guaranteed to last as long as they do. In other words, the income plans we prepare for our clients are guaranteed to “go the distance.” Even if that means they live to be 120 or older! They are guaranteed to always receive that monthly check.
If an income plan is the most important thing in retirement, peace of mind might be the second. Let us help you create and income strategy you can’t outlive so that you can enjoy retirement with confidence and certainty.
Did you know that Warren Buffett’s number one rule to investing is to never lose money? He also has a second rule and that is to never forget rule number one!
We specialize in helping our clients make asset protection and preservation their top priority. Many people underestimate the devastation of losses to their portfolio due to market declines and don’t realize how difficult it can be to rebuild an account.
Did you know that a loss of 25% requires a positive return of almost 34% just to get back to even? A 50% loss of your retirement account means you have to double your money (receive a 100% return) just to be whole again. Think about it. If you have $100,000 and lose 50%, you’re left with $50,000. Now you’re left with the insurmountable task of going from $50,000 back to your original deposit of $100,000; a return of 100%. How long do you think that will take? Two years? Five years? Ten years or more? What if you experience additional losses in the process of trying to get back to even? What if you’re drawing income from this account? What kind of impact will that have?
We believe that the best way to make a dollar is to keep it. Retirement is a critical time and most retirees simply don’t have the time to recoup losses in their portfolios. Let us show you how we help our clients achieve a reasonable rate of return, in many cases averaging 4 to 6%, and without ever subjecting their retirement accounts to loss – guaranteed!
Because of the constantly changing estate tax laws and emerging vehicles to help you protect and transfer your assets effectively, it’s important to work with experienced estate planning professionals who stay current in this filed and advise clients on a day-to-day basis.
Contact our office today to schedule a one-on-one estate planning consultation.
Here are four things you can do with the money in your employer sponsored retirement plan:
- Leave the money where it is
- Take the cash (and pay taxes, plus a 10% tax penalty if you are younger than age 59 ½)
- Transfer the money to another employer-sponsored plan (if the plan allows)
- Roll the money over to a self-directed IRA
Let us help you determine if a rollover is the right move for you!