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When do you want to retire? |
Before you can reach a goal, you need to set it. Decide when you want to retire and then start working toward that goal.
A financial plan can help give you clearer view of what it will take to retire on your terms. Do you want to retire by age 59? A financial planner can help you map out a retirement investment plan that can help you to reach that goal.
But the burden of saving still rests with you. A planner can tell you how much you’ll need to invest each year, but it’s up to you to have the discipline to set aside the amount of money you’ll need each year to reach your retirement goal by the time you want to retire. |
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| WHY WEALTH ENHANCEMENT GROUP? |
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Wealth Enhancement Group has helped thousands of Minnesotans plan for a comfortable retirement. With a team of experts well-versed in financial planning, investment management, and maximizing tax strategies, Wealth Enhancement Group will help you achieve the life you imagined. |
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 CLICK HERE to get your free copy of our 24-page retirement booklet, “Planning for Retirement – Strategies for Your Life, Your Finances, and Your Future”. In this booklet, you’ll learn more about strategies and options for your future.
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CLICK HERE for your FREE Financial Review. Because we place such a high priority on mutual trust in our client relationships, we offer this free analysis to help us both decide if we are a good fit. |
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How to Take Your Pension |
Will you have a pension available when you retire? If so, you’re often given the option of taking it in monthly payments or in one lump sum. There are advantages and disadvantages to both.
If you take it in a lump sum, you will have greater control over how the money is invested, but your investing success or failure becomes your responsibility.
If you opt for monthly payments, you’ll have the security of knowing the money won’t be lost to bad investments. But your monthly payments may lose buying power over time.
The best approach is to include your pension as part of a broader financial plan. A financial planner can help you see the whole picture, and help you decide whether to take your pension in one lump sum or through a series of monthly payments. |
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Your Greatest Asset… |
For most people their greatest financial asset is not their home or their 401(k), but rather it is their ability to earn an income.
The table below reveals your earning power assuming you work until age 65 and that your income increases annually by 5%. |
Income |
Age 40 |
Age 50 |
$50,000 |
$2,555,673 |
$1,182,875 |
$75,000 |
$3,833,509 |
$1,777,312 |
$100,000 |
$5,111,345 |
$2,365,749 |
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Life insurance and disability insurance are the only tools available that can instantly protect your earning power. While most of us realize the importance of life insurance, many never think about the financial devastation that can result from a disability.
In order to be adequately insured against a disability, we encourage our clients to have a disability income plan in place that will replace
75-80% of their after-tax income. Most employer plans provide as much as 65% coverage, but in most cases the benefits are taxable and benefit caps often exist.
We invite you to take the next step to assure that you are doing all you can to protect your greatest asset. For additional information please call Rich Schlueter at 952-249-5029, or 1-800-492-1222, ext 5029.
Richard Schlueter, CFP®, CLU, ChFC, FLMI
Vice President, Insurance
Registered Representative |
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“YOUR MONEY” with Wealth Enhancement Group's Bruce Helmer. Tune in to WCCO AM 830 live every Sunday morning from 8:30 - 9:30 AM |
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Wealth Enhancement Group
1905 East Wayzata Boulevard
Wayzata, MN 55391
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800-492-1222
952-449-9579
952-449-4886 Fax |
| www.wealthenhancement.com |
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©2006 Wealth Enhancement Group Inc. All rights reserved.
Securities Offered Through SII Investments Inc. Member NASD, SIPC. Investment Advice Through Wealth Enhancement Advisory Services, LLC, A Registered Investment Advisor. Mortgage services through WEMS. Wealth Enhancement Group, WEMS, and SII are separate companies. SII does not provide tax advice or mortgage services. Please consult your tax advisor in regard to your situation.
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