Estate Planning Mistake #7: Estate shrinkage due to investment losses. How to insulate your wealth from all risk and guarantee an inheritance. Special guest: Todd Phillips, President of Estate Planning Specialists

In this podcast, David Phillips discusses wealth strategies and retirement savings with Todd Phillips, the author of the book “The Future Retirement Savings.” Together they show you how to protect your estate from investment loss and market risk, discussing how you can avoid one of the main Longevity Risks, which is running out of money. They cover important topics such as creating guaranteed lifetime income, fool proof your investments by investing in safe money vehicles that allow you to participate only in the upside of the market, with zero market risk, and how to earn an upfront deposit bonus of 8%. David begins this episode with a cautionary story about a couple from Missouri who lost their entire IRA by unknowingly investing it with a crook. This episode also provides valuable insights and advice on securing your wealth and planning for a comfortable retirement.
 
Chapters:

0:00 – Introduction of Special Guest, Todd Phillips, President of Estate Planning Specialists and author of The Future of Retirement Savings and coeditor of Generational Wealth Strategies’ monthly column, Safe Money Corner.

1:40 – Story of a physician who invested poorly and lost his IRA and a good share of his wealth and future income.

4:25 – Longevity Risk – Market volatility

5:19 – What is safe money investing – Todd explains.

6:05 – Financial Gurus, Mark Skousen, Forecasts & Strategies, Bob Carlson, Retirement Watch, Dr. David Eifrig, Retirement Millionaire, recommend safe money investing for a portion of your portfolio.

7:20 – Diversify – Skousen says to “take some chips off the table and reposition it into safe money investments.”

8:30 – Yale Endowment Fund portfolio 25% - 40% in safe money, depending on your age.

9:24 – The impact of the Sequence of Returns

11:45 – Special Annuity – recommended by Roger Michalski of Eagle Publications, named the Eagle Worry Free Income For Life Annuity, that will generate a guaranteed lifetime income, with a payout as high as 11.1%

12:40 – How to avoid the Longevity Risk of running out of money.

14:30 – Todd new book - Guaranteed Income: How to Lock in Double-digit Returns for the Rest of Your Life

15:35 – No excuse to not have a percentage of your portfolio in safe money especially with The Eagle Worry Free Income for Life Annuity

Call Todd Phillips @ Estate Planning Specialists
 
Learn more:

• Estate Planning Made Easy website
• shop.empez.com, use discount code: EPMEZ  to receive a 50% discount
• The 10 Most Common Estate Planning Mistakes, 4th Edition, by David T. Phillips
• Generational Wealth Strategies newsletter
• Todd’s Safe Money Corner: Best of the Month column
• ROPLTC.com website for information specific to Return of Premium LTC (ROP LTC)
• After LCS Financial Snapshot chart
• Call 888-892-1102 to preorder Todd Phillips’ new book:  Guaranteed Income: How to Lock in Double-Digit Returns for the Rest of Your Life

Contact:

• Estate Planning Specialists at 888-892-1102
  The Durfee Law Group at 480 324-8000

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