Retire Safe & Tax Free - The Invincibility Of Youth Morphing Into Graying Reality


Bob Hope once said, "you know you are old when the candles cost more than the cake." I am old. . . and it ain't pretty!

Growing up, I did all the right things. Went to college, got a graduate degree, married, had two kids. . . and started on a career path in sales management that would last 30+ years. My only financial goals? Participate in a 401K program and have an annual salary (in thousands) that was twice my age. I was invincible and expanding my financial goals wasn't on the short list, as my youth (and invincibility) didn't allow me to see past my blinders. I never met with a financial advisor of course and the only planning I did was to adding a % point or two to my 401K plan.

As I aged my focus was on the concept of enhancing long-term retirement readiness by delaying Social Security benefits. I knew that the longer I waited, the higher my monthly benefits would be when I started collecting. Life was still all gravy as a six-figure income simply enabled to remain financially in the dark.

Middle age and assorted minor surgeries greeted me, and started to slow me down. Younger people were becoming commonplace in the industry and their lower salaries started to have an effect on my earning power and I could no longer add monies to my 401K program up front. And as I aged, I thought it was too late in the game to seek out a financial advisor and stubbornly decided to hang on by myself. As I approached 60, my dream of invincibility was painfully shattered. And at the age of 61, and after multiple non-life threatening surgeries I was no longer able to work full-time as I was disabled. A two-year job search was fruitless, and I am now in semi-retirement working three 5-hour shifts at a local retail store.

Reality slapped me in the face at that point, and out of desperation I sought out the help of a financial planner, Marc Weiss. And after several months of planning with a Financial Advisor That I Trust, I now have a lifetime annuity that pays monthly with a growth platform that reflects the S&P 500. As an added benefit, I now have long-term health care coverage in play. Thank you Marc for all of your hard work and follow up! Ten years ago what I have now was merely a dream. Old-age isn't pretty, but it's inevitable. In hind-sight, I should have started earlier of course with Marc, I can blame the invincibility of my youth. . . but the blame falls squarely on my shoulders.

Marc H. Weiss, Archer Weiss Insurance & Financial Services, Inc. Please Call Toll free: 1-800-831-2901 or (818) 610-8560