Our Firm and The Difference
In this video Marc E. Anderson, CFP describes what it is like to plan for retirement with a holistic approach. What it means to work with a fiduciary and how to start planning for retirement properly. What does it mean to work with an independent firm? Working as an independent firm allows you as an adviser tons of flexibility. It is important to be positioned as a fiduciary in finding out what the best investments are for an individual client. We have no vehicle restrictions or sales quotas so this allows us to be as free as possible and pick whichever investment makes most sense for the individual that we are meeting with. We feel that that is a very important aspect when planning for retirement. What is a holistic approach to retirement? With every one of our clients we take a holistic approach to retirement. We first start out with what we call the discovery process, we figure out where they are today and we determine what their time horizon is and what their goals are for retirement. This is an ongoing process and ever changing, which is why it is so important to sit down consistently. Both before and after retiring, it is important for us to understand the ins and outs of our clients so we can make sure that we are servicing the best that we absolutely can. Once we are able to determine their time horizon and goals we can sit down and create a plan specifically tailored to that individual or that family. Figuring out what vehicles are going to make the most sense for them and how they\'re going to meet those goals are a huge priority. Because we are independent this is a major key in helping the client it allows us to explore hundreds if not thousands of different investment allocations and strategies to best suit the client and their objectives. Once that is done then we are able sit down and make sure those assets are performing exactly how they should, up to our expectations and ensure we are meeting the investment objectives we have laid out. If you would like more information or to start planning for retirement please contact MEA Wealth Advisors at 866.322.4200. We are available for free consultations and advice.
Elements of Retirement
In this video MEA Wealth Advisors CEO Marc E. Anderson, discusses the elements of planning for retirement. He discusses the basics of social security, asset allocation as well as how we can help in the retirement process. How does my pension work? How is it calculated? One of the biggest mistakes that may happen is someone not understanding how their pension benefit works. It is important to sit down with a professional to explore what the ins and outs of a pension plan are before making any major retirement decisions. Once you make the decision to retire and file certain paperwork sometimes you cannot change your decision. A simple mistake can cause major problems for not only yourself but also your beneficiaries (whether it be children, grandchildren whomever) of your accounts. What are my investment options in retirement? Marc explains the importance of understanding your investment options, there really is no such thing as a single investment option for you and your family to choose forever. It is important to understand diversification and making sure you understand the pros and cons of EVERY investment choice you make. How do social security benefits play a role in planning for retirement? It is important to understand how social security benefits work and how it effects your retirement decisions. You need to know exactly what your eligibility dates and the different amounts that you can qualify for at different ages before you start drawing your benefit. If you would like more information or to start planning for retirement please contact MEA Wealth Advisors at 866.322.4200. We are available for free consultations and advice.
Understanding Your 401k Benefits
It\'s important to understand your 401(k) benefits and how it plays a role in the transition to retirement. In this video MEA Wealth Advisors CEO discusses the benefits of utilizing your 401(k), how powerful it is and what to do to start preparing yourself for retirement. Some of the things discussed are the Key elements of your 401(k). In this video we explain how your 401(K) works, the benefits of tax deferral, matching contributions and the growth of the tax deferral. When managing your 401(K) it is important to understand how it should be allocated as well as diversified for you, and it needs to be re-balanced on an ongoing basis. One of the biggest mistakes that we see with our clients is their 401(K) is misaligned, meaning there are too many eggs in one basket. It is important that when you have a 401(k) that it is diversified and not all held in one particular stock or fund. Something that may seem like a little mistake of choosing one fund over another may not seem like that big of a deal - however when looking at the long term of investing it could mean a BIG deal. It is always important to sit down and discuss with your adviser, whether it is us, or someone else that they go through and explain each individual position and how it works, as well as discuss the pros and cons of each position before creating an allocation that is custom for you and your goals. How much should I be contributing to my 401K? It all really depends and that answer is different for every person. It depends on what your expenses are today, and what your expenses are going to look like within retirement and what type of lifestyle you want to live. We can run the numbers and help you figure out what your retirement will look like as well as help guide you in making and planning those decisions. If you would like more information or to start planning for retirement please contact MEA Wealth Advisors at 866.322.4200. We are available for free consultations and advice.