• Answers
  • Web
Personalize Yedda, (And make Danny Happy)
People ask & answer about almost everything. Tell us what you're interested in... So we can personalize Yedda especially for you
I'm interested in:
Save
Cancel
AggieAdvisor

Retirement Planning Houston, TX ‚ Find Financial or Retirement Planning Advisors & Planners,  Retirement Planning by Certified Public Accountant, CPA, Certified Financial Planner, CFP, Houston, Woodlands, Texas 100% Retirement Income Replacement Specialist - "Without A Plan, Its Just Luck!"

Retirement Income Replacment Question

How do most people plan on being able to generate enough retirement income to sustain a 35+ year retirement?

 

Michael J. Fitzgerald, CPA/PFS, CFP, MST

http://www.fitzfp-llc.com


Answer this question
Share Send to a friend Watch Report
 
 

3 Posted Answers
Order by

 
1590 answers
880 helpful answers

The journey to an improved lifestyle begins with the first step.

Confident Lifestyle 

Confident Lifestyle Blog 

Tiptop Server 

 

The best way is to make sure that the assets you own generate a positive income flow. Investing in stocks, bonds, 401k, IRA that have a decent ROI. Making sre that you have more coming in than going out.

 

Best wishes. 
Posted 2008-03-15T18:15:51Z
Helpful?(0)
Rated #2 out of 3
 
4 answers
3 helpful answers

Wealth Management Texas - Wealth Management Houston TX - Wealth Management Houston Texas - Michael J. Fitzgerald, CPA/PFS, CFP, MST (Houston Texas) Is Featured Three Times At The National Level

Wealth Management Texas - Wealth Management Houston TX - Wealth Management Houston Texas

Financial Planning Texas - Financial Planning Houston - Financial Planning Houston TX - Michael J. Fitzgerald Featured At The National Level

Michael J. Fitzgerald, CPA/PFS, CFP, MST - (Houston Texas ) is feature at 3 national level groups and publications. 

Financial Planning Houston Financial Planner Texas - Financial Planning Houston Financial Planner Houston Texas - Financial Planning Houston TX Financial Planner Houston Texas

Retirement Planning Houston Financial Advisor Texas - Retirement Planning Houston Financial Advisor Houston Texas - Retirement Planning Houston Financial Advisor Houston TX

Wealth Management Texas - Wealth Management Houston TX - Wealth Management Houston Texas

Financial Planning Houston Financial Planner Texas - Financial Planning Houston Financial Planner Houston Texas - Financial Planning Houston TX Financial Planner Houston Texas

Retirement Planning Houston Financial Advisor Texas - Retirement Planning Houston Financial Advisor Houston Texas - Retirement Planning Houston Financial Advisor Houston TX

Wealth Management Texas - Wealth Management Houston TX - Wealth Management Houston Texas

Financial Planning Houston Financial Planner Texas - Financial Planning Houston Financial Planner Houston Texas - Financial Planning Houston TX Financial Planner Houston Texas

Michael J. Fitzgerald, CPA/PFS, CFP, MST - (Houston Texas) was just recently feature in the July 2008 issue of CPA Wealth Provider and focused on his state-of-the art 5 year accelerated retirement platform. This platform is designed to help pre-retirees of all ages replace 100% of their income so that they can transition into retirement by focusing on their goals, and not what is going on in the stock market.

http://www.webcpa.com/article.cfm?articleid=28319&pg=ros

http://www.webcpa.com/article.cfm?articleid=28326&pg=ros

Financial Planning Houston Financial Planner Texas - Financial Planning Houston Financial Planner Houston Texas - Financial Planning Houston TX Financial Planner Houston Texas

Wealth Management Texas - Wealth Management Houston TX - Wealth Management Houston Texas

Retirement Planning Houston Financial Advisor Texas - Retirement Planning Houston Financial Advisor Houston Texas - Retirement Planning Houston Financial Advisor Houston TX

Financial Planning Houston Financial Planner Texas - Financial Planning Houston Financial Planner Houston Texas - Financial Planning Houston TX Financial Planner Houston Texas

Wealth Management Texas - Wealth Management Houston TX - Wealth Management Houston Texas

Michael J. Fitzgerald, CPA/PFS, CFP, MST - (Houston Texas) was also just recently featured on the front cover in the August 6th, 2008 issue of Accounting Today at at WebCPA in CPAs Can Help Boomers Make The Big Transition.

http://www.webcpa.com/article.cfm?articleid=28577&pg=financial&hbxcg=financial_planning

Retirement Planning Houston Financial Advisor Texas - Retirement Planning Houston Financial Advisor Houston Texas - Retirement Planning Houston Financial Advisor Houston TX Michael J. Fitzgerald, CPA/PFS, CFP, MST - (Houston Texas) just recenlty spoke at the July 31st Wi$eUp Women - Wi$eUp is a financial education program designed for Generation X and Y Women. It was developed by the U.S. Department of Labor Women's Bureau in support of the Department of Labor's Strengthening the Family Initiative. The Wi$eUp curriculum was developed by Texas AgriLife Extension Service under contract with the Women's Bureau. The original Wi$eUp website was developed by The University of Texas - Dallas Women's Center under contract with the Women's Bureau and is currently managed by Texas AgriLife Extension Service.

http://wiseupwomen.tamu.edu/teleconferences.php?date=2008-07-31

Financial Planning Houston Financial Planner Texas - Financial Planning Houston Financial Planner Houston Texas - Financial Planning Houston TX Financial Planner Houston Texas

Wealth Management Texas - Wealth Management Houston TX - Wealth Management Houston Texas

Retirement Planning Houston Financial Advisor Texas - Retirement Planning Houston Financial Advisor Houston Texas - Retirement Planning Houston Financial Advisor Houston TX

Financial Planning Houston Financial Planner Texas - Financial Planning Houston Financial Planner Houston Texas - Financial Planning Houston TX Financial Planner Houston Texas

I agree with you that you must create a postive cash flow, but when only uses 3 out of the 8 asset classes, what you make up with liquidity, you give up needed return.  Here is a better way to approach retirement - design a comprehensive income replacment platform that focuses on replacing 100% of your income first, so that you can use stocks, bonds and cash for liquidity and to outpace inflation.  If you knew that you had 100% of your retirement paychecks replaced before you started retirement, as well as adjusted each year for inflation due to the asset classes that will replace the income, you could allow your stocks, bonds and cash accounts to be invested for the long-term, because they were not going to be used to provide you with retirement income.

Under most pre-retirees current model and assumptions, they revert to a more fixed income portfolio that under-performs inflation and is depleted at a much faster rate, due to the decrease in purchasing power and below optimal asset allocation returns.  Another factor that most people do not take into account is that they spend about 120% of their last years income during retirement, not the 80% that most pre-retirees are using in there planning assumptions.  With rising energy prices, medical and a decling dollar, without proper diversification into the other 5 asset classes, they run the risk of depleting their asset base a lot sooner than expected.  Inflation will rip through a portfolio that only uses 3 of the 8 asset classes, like most people are using today.  To plan a more effective retirement, you need to re-create a personal pension, and most pensions do not try and beat the stock market return, their primary focus is to ensure that they can make the payment of retirment checks when they are due.  Another factor that should be considered is the use of leverage to purchase income producing assets.  This increase in assets can be used to fill in the income replacement gap through a properly structured personal retirement enterprise.   

Best of luck,

 

Michael J. Fitzgerald, CPA/PFS, CFP, MST

http://www.fitzfp-llc.com
Posted 2008-03-15T21:15:40Z
Helpful?(2)
Rated as Best Answer
 

I would think for retirement planning most people are relying on savings of some kind including 401k, IRA, investments etc.  They might also opt to go into semi-retirement instead. 

Expert Retirement Planning
Posted 2008-05-15T21:24:26Z
Helpful?(0)
Rated #3 out of 3

Sign in to participate

Got an answer for AggieAdvisor? Would you like to comment on the posted answers, or vote for the one which you think is the best?

Sign up for a free account, or sign in (if you're already a member).

Explore Related Questions

Other people asked questions on similar topics, check out the answers they received:


Q:

Houston, TX - How is your retirement looking with the falling stock market?

With interest rates falling, and stock market's overall value declining, how does this affect your overall retirement income plans ...
Submitted by AggieAdvisor   2 years ago.
  • 2 answers
  • viewed 776 times
Last answer posted 4 months ago by AngryBrokerdotcom


Q:

Is my Fixed annuity really fixed?

My divorce lump sum setlement was $800,000. I needed to have these funds IRA transferred from my ex husbands as soon as possible ...
Submitted by loretta   1 year ago.
  • 0 answers
  • viewed 184 times
Be the first to answer


Q:

I have $500,000 in self directed retirement ...

I have $500,000 in self directed retirement account with vanguard, I will retire in 5 years and my insurance agent wants to have ...
Submitted by doc   1 year ago.
  • 1 answer
  • viewed 319 times
Last answer posted 1 year ago by HardMoneyMi



» More...

Explore Related Posts in Forums

Research Post: Retirement Planning? But I just graduated?

Thinking about retirement. But, as we all remember from beginning finance, the time value of money ? Do you feel confident in your financial knowledge? Is your family ready for retirement? Resources " for retirement somewhere down the road, find a way to start that journey NOW!I used to work as a personal...

I am 39, Starting retirement planning and Overwhelmed. :(

Signed up for the free financial planning that is available via the state retirement plan through... somewhat behind schedule but, I am trying to get my retirement savings Planning started. I think I made of it was key: I didn't know a thing about personal finance back then, but contributing to the 403b took

Financial Planning

In a year. During the last 9 years in Asia I have found the quality of financial planning available from some solid financial advice? I am not talking about flogging investment linked plans with high I heard, "Financial Planning". What you're proposing is much more interesting and valuable
» More...
Powered by
Feed - Subscribe to changes to this Q&A Blog
ADVERTISEMENT
  • Answers
  • Web
Copyright © 2006-2009, Yedda Inc. and respective copyright owners · CC License