8 Risks to Your Retirement You Didn’t Know Existed

By Jeffrey D. Sokol, CEO of BeneShield Financial
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When I started BeneShield Financial, I had a vision for it to be unlike any other typical “insurance agency”.  To me, the term “insurance agent” is some dopey guy in old khakis with an untucked, mustard stained shirt, who is barely making a living flipping term insurance, selling his friends and family on the cheapest price, always going for the highest commission, who knew less about what to do with his OWN money than he did with yours.  Needless to say, I didn’t want that image for my company. 

I wanted a firm of men and women who solved real world problems, on a massive scale.  I wanted true advisors, who saved people from poverty in retirement, and rescued them from the systemic lies they've been told by society and the media, owned by major banks.  So I knew what I wanted, and we decided not to be "insurance agents".  We decided we wanted more for our clients.  Therefore, we became...

                                      Wealth Risk Management Advisors.

I built a consultative firm of over 100 agents nationwide, who are Wealth Risk Management Advisors.  The difference between what we do, versus an insurance agent, is the difference between your family practitioner and a neurosurgeon.  Both are called “doctor”, but their skill levels are vastly different.  We pride ourselves on having very highly trained Wealth Risk Management Advisors, ready to work with you either individually or on a corporate level, to not only save you money, but to maximize your assets and protect your wealth on every level.

Below, I’ve put together 8 risks to retirement that I’ve seen, with solutions on how to eliminate those risks while still maximizing your gains.
 
8 Risks to Your Retirement You Didn’t Know Existed

1.)Stock Market Risk

• 2008 crash
• Can this happen again?
• Are we due for a correction?  Yes.
• Imminent threat of war could tank the entire market.
• Do you trust Kim Jong Un with your retirement??
• How capable is your broker/financial advisor?  Does he/she own what they are buying you?
• How much in gains is actually in your 401k?  I’m betting not much overall.
• ACTUAL RoR of S&P 500 for last 20 years, 3.3%.

SOLUTION: 
Indexed Universal Life Policy…an asset that locks in stock market gains annually, and can never go down.  That’s right, 100% upside of the index, with zero downside risk.  This is an amazing asset, wrapped up in an insurance contract.  A PROPERLY STRUCTURED Indexed Universal Life Policy will grow much better than anything in the stock market, especially 401(k)s.  Our ACTUAL rate of return over the last 20 years is 6.57%.....  

2.)Critical Illness

• Huge deal.  70% chance of critical illness.
• 70% Chance of Survival prior to age 65
• 62% of bankruptcies are from medical incapacitation due to critical illnesses like heart attack, stroke, and cancer.
• 78% of those bankruptcies had adequate health insurance.
• Most retirements are wiped out when critical illness strikes

SOLUTION:
Indexed Universal Life Policy.  When you get sick, our specific policy will write you a massive check, for up to 90% of your death benefit, so you can take the money to pay your debts, create a larger asset, replace income, and heal stress free.  This is called Living Benefits, and it pays out in any event of critical, chronic, or terminal illness.  This is for you to HEAL, not to die.   

3.)Inflation

• Current inflation rate is 2.2% in the United States as of October 13, 2017.  Is this factored into your retirement, or are you winging it?
• Inflation is something that gets everyone, no matter what.  The best thing we can do is to avoid losing money in other areas to hedge against inflation.

SOLUTION:
By stopping the bleeding elsewhere, we hedge against this in spectacular fashion with indexed universal life.  

4.)401(k) Fees

• According to multiple studies, hidden fees inside of 401(k)’s average around 3% per year, whether you make money or not.  $500,000 in a 401(k) is charged $15,000 per year.  Don’t let financial advisors tell you their fees are cheaper than permanent insurance, they're misinformed.
• These fees only go to “administration”….not even for advice on how to properly allocate funds….horrible system
• 401(k) was never meant to fully replace a pension retirement system.
• Company 401(k) match does not make up for losses, nor taxes, guaranteed.  It’s still a massive loser, it isn’t free money, it’s a trap.
• Corporations pay LESS TAXES on employees who contribute to 401(k)’s, that’s why they push the pre-tax 401(k)

 
SOLUTION:
Indexed Universal Life Policy.  Yes, the policy has fees, but they go toward the cost of INSURANCE that creates a massive asset should you get sick or die.     

5.)Broker/Advisor Fees

• Have money with a financial advisor?  If he/she is charging 2%-4%, that is a massive number. 
• According to Forbes magazine, 89% of financial advisors can’t beat the S&P 500 (which has a 20 year ACTUAL rate of return of 3.3%)
• Don’t be fooled by the “Average Rates of Return”…..that is a number that is false and holds zero bearing on reality.  Example:  If you lose 50% in of your $100k, you’re down to $50,000.  Then if you gain 50%, the average rate of return will dictate that you are back even.  However, in reality, when  $50,000 gains 50%, you’re at $75,000.  Still $25,000 in the hole from where you started.  The ACTUAL rate of return is -25%.  Be careful when they quote average rates of return.

SOLUTION:
Indexed Universal Life Policy.  Again, yes, fees are charged, but they are being charged for the cost of insurance that will pay you HUNDREDS OF THOUSANDS or MILLIONS of dollars should you get sick and/or die.  Brokers charge you these fees, then you run out of money during retirement.   
 
6.)Bad or Untrained Insurance Agents/Advisors

• Unethical insurance advisors can put people into permanent life insurance contracts that are NOT good for the client.  You see, insurance producers (agents) get paid based on a calculation between the person’s age and the amount of the death benefit.  This is the algorithm that insurance companies use to calculate commission.  An improperly structured life insurance policy can be the end of someone’s retirement, which is why at BeneShield Financial we train our advisors on proper asset structure, to maximize gains for you, the client. 
• Many agents go straight to selling clients annuities, that have minimal gains, when insurance policy based assets would be MUCH better, providing the client with additional peace of mind and living benefits.  Be careful.

SOLUTION:
BeneShield Financial can do a free, no obligation policy review, and if we can’t do better for you, we’ll let you know.  If we can, we’ll advise you on how we can do better, and let you make the decision for yourself.  
 
7.)Taxes

• Do you know what your tax bracket will be in the future?
• Your current retirement partner, Uncle Sam, is $20 Trillion in debt.
• $20,000,000,000,000
• Taxes are guaranteed to go up in the near future to avoid insolvency.  We’re at that point.

SOLUTION:
Retire TAX FREE if your assets are in an Indexed Universal Life Policy that is properly structured.

8.)Running Out of Money Too Soon
Everything we’ve discussed here, will make you run out of money before you die.  Any one of these things can do that on their own…. combining them is lethal.

• Stock Market Risk
• Illness
• Inflation
• 401(k) Fees
• Broker Fees
• Taxes

SOLUTION?
You guessed it.   
A PROPERLY STRUCTURED Indexed Universal Life Insurance Policy from BeneShield Financial that will help you to lower your internal costs, while MAXIMIZING gains.
 
-  We will get you a huge check if you get sick, tax free.
-  We will give your heirs a giant tax free check if you die, without probate.
-  You can retire TAX FREE, no taxes.  Your retirement savings are out of Uncle Sam’s reach.
-  We can guarantee, that if you stick with our plans, you will never run out of money in retirement, and your retirement will be able to make great Stock Market gains, with NO RISK.
 
Contact BeneShield Financial Today for a Free, No Obligation Evaluation and Get the Peace of Mind You Need for your family, and for your retirement.
 
www.BeneShieldFinancial.com/contact.html
 
 
Here is an informative video going into greater detail of what you just read:
 
http://www.beneshieldfinancial.com/livingbenefits.html