Retirement and Money Matters John Dubots

It’s possible we could have another contested election result and won’t know a winner for a while. What happened to the market last time that happened?
The 2000 race between George W. Bush and Al Gore took 5 weeks to sort out. During that time between election day and New Year’s Day, the market dropped 7.8%.  If you plug that into today’s market numbers, it would be a drop over 2000 points. 
We’re going to take you back in time:  Do you remember anything special that happened around this time (10/22) in 1986? President Ronald Reagan signed a major tax reform bill into law.  Among other things, it lowered the top income tax rate from 50% to 28%. Unfortunately, it was not permanent. Since then, Congress has raised the top rate to 37% … and it looks like more tax hikes may be on the way. So, I’m guessing this might be a good time to consider having a tax strategy for our retirement? 
 
The time to act is NOW. With the Election days away, big changes are coming - one way or another. Get prepared TODAY! Call John for a Complimentary Consultation! 
 
 

CNN says Joe Biden wants to change 401(k) plans to give low-income earners a bigger tax break.  That sounds good, but the change would be at the expense of couples who earn more than $80,000 a year – those people would lose a portion of their tax break.  Do we need to worry about potential changes to the retirement planning rules?  If so, is there anything we can do now to prepare for those changes?
Congress approved more than $6 trillion in stimulus spending to help get us through the pandemic.  While Uncle Sam has the authority to print more money whenever he chooses, we don’t have that option when it comes to funding our retirement.  If you have a client who appears to be coming up short, what are their options?
Every so often, the government puts banks through a “stress test” to make sure they can make it through severe economic downturns.  An article in Forbes says we should do the same thing with our retirement portfolio. John explains why he agree's and how he can help YOU Stress Test YOUR Portfolio today !
Now more than ever, its so important to make sure you are positioned correctly with your finances. Contact John today and Stress Test YOUR Portfolio FOR FREE! 
 

Earlier this week we had the first Presidential debate of 2020. Needless to say, it seemed to follow suit with the theme of 2020 - chaotic and at times stressful, and it left the taste of uncertainty for many. 
The big question is - does it matter who is in the White House? No. Should you press the pause button NOW and wait until after the election to make any financial decisions or implement strategies in your income plan? No. What is the best way to prepare for whoever wins the 2020 election? Be proactive NOW! 
How can John help? With nearly three decades of experience, John has seen the market at its best, and at it worst, as well as tax hikes and how it impacts his clients. The good news is, he has tools and strategies to position you to take advantage of things like, lowering your tax bracket to nearly 0%, having tax free income, and income for life! 
Contact John today for a complementary portfolio review!  Start putting your CUSTOMIZED plan together TODAY! 

What would you be willing to sacrifice in exchange for retiring ten years sooner than planned?  According to a new Finance-Buzz survey, a third (32%) of Americans would give up shopping for two years.  A fourth (26%) would agree to quarantine for an additional six months.  And 8% would even give up the family pet!  What does it take to be able to retire early? 
From the Article:
27% would take either a second or a third job. 25% would downgrade to a substantially smaller home. 23% of survey respondents would be willing to forego coffee or alcohol. 13% would take a job they know they’d hate. 11% would give up TV, movies, and books.  
Then - what are some common tax mistakes you see retirees make? 
 
Contact John today for a FREE Consultation! 

When you leave a job, what should you do with your 401K? Do you leave it where it is? Cash it out? Roll it over to some kind of investment?
Believe it or not, there are a few options - really depends on where you are on your road to retirement and what you want to get out of it. You can do nothing, you can put it in a Roth IRA, a traditional IRA or with the 2020 Cares Act, if you're 59.5 you can actually withdraw from your 401K. 
Hear what John has to say about these options and how he guides his clients. 
Want to meet with John? Contact him TODAY ! 

2020 is being called the year of "cancelled." Graduations, vacations, weddings, professional spots and even this upcoming in-person school year, CANCELLED. While we are all adjusting to this cancelled culture and the never ending pandemic, John explains why it's important to remember that you're retirement is NOT cancelled. 
You may have to postpone your retirement due to certain circumstances, but it by no means is cancelled. Then, what about the other side of the coin where you may have lost your job and your either forced into retirement or decide to retire earlier than expected? 
John discusses how he can help you enter retirement when you want and how you want! Contact John today for a complimentary portfolio review!