Somewhere along the way, retirement planning and particularly retirement income planning came completely off the tracks. However, there is a way that you can fix it for yourself and that's by learning a simple methodology to create your own pension. A retirement income stream that deposits a certain amount of money into your bank account every month like clockwork.
But first, a disclaimer: the information below opposes conventional wisdom with regards to planning for your retirement. I’ve been directly involved in all sides of the retirement planning industry (stocks, qualified plans, all types of annuities, insurance, discounted cash flows, bonds, mutual funds, separately managed accounts, limited partnerships, etc.). Not looking to impress you but just to let you know that I’ve peeked behind the curtain, seen the Wizard and I’m not impressed.
Now that we got that out of the way, I can spend less time talking about what’s wrong with the retirement planning advice business and more time talking about what we can all do better. What we can do better for our clients, for ourselves, and for everyone we know.