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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. 

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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

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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

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A:

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
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