Saturday, August 26, 2017

Life Insurance - A Vital Tool in Risk-Adverse Retirement Planning

Allegis Wealth Advisors is a provider of focused risk and investment management services centered on enabling independent investment managers to meet diverse client needs. Allegis Wealth Advisors emphasizes a “one-stop-shop” approach in providing the back-end and front-end solutions that drive long-term client relationships.

Success-driven retirement planning strategies such as those offered by Allegis Investment Advisors typically include a mix of stock and bonds and life insurance allocations. The uses of insurance include ensuring a steady income should the primary breadwinner pass away or become incapacitated. Insurance plans effectively mitigate the long-term risks associated with any retirement plan, which become more pronounced as couples age. 

A particular area of concern is the decade prior to retirement, when many families are playing catch-up in terms of meeting overall retirement goals. Should a spouse die, the surviving partner may experience a serious shortfall in retirement savings and never recover financially. This is amplified by the fact that decreases in expenses during retirement years are typically not enough to offset the drop in income. For this reason, 10-to-15-year term life insurance coverage is often recommended for both spouses during the years before retirement.

Saturday, August 19, 2017

The Importance of a Personalized Retirement Planning Approach

Allegis Wealth Advisors provides marketing and management solutions that enable wealth and risk advisors to reach clients and generate robust portfolio returns. Experienced Allegis Wealth Advisors team members assist representatives in developing focused seminars and high-quality referrals that provide a low-cost pathway to building a client base.

Emphasizing a “one roof” approach, the firm employs a leading-edge compensation model in providing a full range of financial products and services. One area of extensive knowledge is retirement planning, which requires a careful weighing of client objectives and timeframe with current market dynamics.

One common flaw when designing a retirement portfolio is to look at “averages” and not the individual whose assets are being managed. Relying on average baseline scenarios can result in lumping together a number of factors that, taken separately, point to an individual whose changing circumstances are unlikely to mirror the average retiree.

The successful financial advisor takes time to discuss the impacts of life choices with clients as they change over time and the odds that a specific decision will have a positive or negative impact on retirement savings. This active weighing of risks and returns enables a more accurate calibration of portfolio allocation in ways that match client expectations. Allegis Investment Advisors offers custom strategic solutions that emphasize a team approach to weighing options and ensuring that clients are satisfied in the long term with the financial decisions they make.

Friday, August 11, 2017

Information Required for a Personal Needs Analysis

Providing advisory services through Allegis Investment Advisors, Allegis Wealth Advisors seeks to educate investors and inspire them to take action. Allegis Wealth Advisors offers a wide array of services, including retirement planning and personal needs analysis.

Investors are often asked to supply information regarding their objectives, current financial situations, and personal needs in order to complete the personal needs analysis associated with retirement planning. The information typically required includes:

1. Personal information, such as contact information, marital status, and dependents.

2. Employment information, like company name and address and commencement date.

3. Income information, including annual salary, bonus and commissions, income from interest, rentals and dividends, and social security benefits. 

4. Household expenses like utilities, food, insurance, car and mortgage payments, health care costs, entertainment, and any additional planned expenses.

5. Assets, including your residence, cars, jewelry, artwork, savings, annuities, mutual funds, etc.

6. Liabilities, such as a mortgage, investment properties, credit cards, and personal loans.