Maximize the efficiency of your retirement savings

In this week’s show David poses the question, “Can you have a well thought financial plan withOUT consideration for America’s Economic Situation being factored into your plan?

It may not come as news to you, but the landscape of retirement planning is changing. We all know the only thing certain is that nothing stays the same. For this reason, we have decided at our firm that we should inform our clients of about issues that could potentially impact them in regard to their retirement planning.

We just crossed over $26 trillion of national debt. We added $2 trillion in just 63 days, folks. These numbers quickly become overwhelming. Yahoo Finance ran a headline recently that said, “Coronavirus pandemic could wipe out Social Security 4 years earlier than predicted.” This was based on the Penn Wharton Model at the University of PA.

Fewer people working means less taxes. Which strains Social Security. The model predicts the trust fund will run out of money by 2032, which is two years earlier than previously predicted. Remember, being proactive is normally better than being reactive. In this week’s show David shares some ideas to think about when drawing Social Security.

I’ve specialized since 2011 in helping retirees safely protect their money from stock market losses and have guaranteed income. But I have become aware that that is not enough! We have to help them further insulate themselves from a rising tax rate environment due to the government’s budget shortfalls. David explains how to maximize the efficiency of your retirement savings. As always, you can reach David by calling 864.618.4800 or emailing me at
Investment advisory services offered only by duly registered individuals through AE Wealth Management, LLC (AEWM). AEWM and Clients Excel, LLC are not affiliated companies. Investing involves risk, including potential loss of principal. Any references to protection, safety, or lifetime income, generally refer to fixed insurance products, never securities or investments. Insurance guarantees are backed by the financial strength and claims paying abilities of the insuring carrier.This podcast is intended for informational purposes only. It is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet particular needs of an individual’s situation. Clients Excel is not permitted to offer and no statement made during this show shall constitute tax or legal advice. Our firm is not affiliated with or endorsed by the U.S. Government or any governmental agency. The information and opinions contained herein provided by third parties have been obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed by Clients Excel. The use of logos and/or trademarks of podcast hosting sites are the property of their respective owners and are not an endorsement by those owners of our firm or our program. Roth IRAs offer tax free income if distributions are taken after age 59-1/2 and the account has been open for at least 5 years. When converting funds to a Roth IRA, ordinary income taxes are due on the amount converted in the same year, and ideally should be paid with funds outside of the retirement plan. 650814,the%20Penn%20Wharton%20Budget%20Model.&text=In%20an%20April%202020%20report,would%20be%20depleted%20by%202035.

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