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Financial Friday: Managing money after retirement
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As seen on:
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Wall Street versus Main Street with Leonard Rhoades–Right on the Money Show - Part 1/5
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Right on the Money host, Dennis Mattern, discusses retirement income strategies with Leonard Rhoades, operations and portfolio manager of Global Wealth Solutions, LLC, located in Grand Rapids, Michigan.
Leonard Rhoades is an investment advisor and has been located in the Grand Rapids area since 1993. His passion is providing strategies to clients’ problems when it comes to their retirement income. He believes that it is an important part of retirement income planning to provide unique strategies because he understands there is no silver-bullet solution for every pre-retiree and retiree. Know every aspect of your retirement income plan. Learn more about Leonard Rhoades from Global Wealth Solutions, LLC, and how he could help you with your retirement income strategy. |
Risks to Retirement with Leonard Rhoades–Right on the Money Show - Part 2/5
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Len and Dennis discuss the risks leading up to retirement. One of the biggest risks to retirement is longevity. With modern technology and better healthcare, retirees are living much longer than that of their own parents. Len also talks about the bond market, sequence of returns, and emotional investing.
Leonard discusses the Wall Street System—touched upon in his book, The Informed Retiree—and discusses an investment strategy that is revolutionary to the industry: invest and protect the income needed for retirement, instead of riding the ebb-and-flow of the stock and bond market. In other words, diversify your assets to create a reliable income in retirement. The specifics of that strategy depend upon each person’s individual needs, of course. Know every aspect of your retirement income plan. Learn more about Leonard Rhoades from Global Wealth Solutions, LLC, and how he could help you with your retirement income strategy. |
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Strategizing Your Goals with Leonard Rhoades –Right on the Money Show - Part 3/5
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Leonard and Dennis continue to discuss Len’s book, The Informed Retiree. In it, he explains there are three different types of advisors a pre-retiree and retiree might encounter when they are trying to plan their retirement income. Generally the advisors may not have been trained correctly, or they only have the self-serving mindset.
All products available to help investments and retirement income were created for a purpose—it’s deciding what your end-goal is and what products support that goal and your needs is what you go with. Know every aspect of your retirement income plan. Learn more about Leonard Rhoades from Global Wealth Solutions, LLC, and how he could help you with your retirement income strategy. |
The Retirement Pyramid with Leonard Rhoades–Right on the Money Show - Part 4/5
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Leonard and Dennis discuss another element in his book, The Informed Retiree, called “The Retirement Pyramid.” Leonard explains that retirement is like a pyramid, where you have to build a solid foundation of income—pensions, Social Security, a source of guaranteed* income. The base is the largest part of the structure, but it isn’t everything. You can build upon that foundation with a custom strategy for you and your situation.
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Right on the Money Show - Part 5/5
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Dennis and Leonard have been talking about his book, The Informed Retiree. A popular retirement topic is about annuities. Leonard goes into depth about this in his book to explain what they do, the different types, and how they may help supplement your retirement income. He truly believes that they are misunderstood, especially when the discussion turns to the different types and people’s opinions of the product.
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Visit Leonard’s website for more information:
www.globalwealthsolutionsllc.com |