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Overcoming Financial Blunders

Darryl Rosen • Mar 02, 2024

It's a game-changer for the long haul! (Learn more in 93 seconds!)

Are past financial slip-ups haunting your investment decisions? You're not alone. In this insightful video, we delve into expert advice on navigating investment and financial choices after making mistakes. From acknowledging past blunders to crafting a brighter financial future, discover actionable strategies to thrive in your retirement journey.

Make sure to visit our FREE TRAINING page: How To Increase Your Spending Ability, Reduce Downside Risk, And Make Sure Your Money Lasts As Long As You Do!

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When a Spouse Dies

By Darryl Rosen • 19 Mar, 2024

When your spouse dies. 63% of the time when a spouse dies, it’s the man. According to the NIH, when this happens, on average the widow (or the wife) lives another 12 years. 3 things happen in short order when someone dies. Income decreases by as much as 50% with the possible loss of social security and pension. Taxes increase the following year because single tax rates are more punishing than married rates. If the deceased had an IRA or 401K, the widow still has to take Required min distributions but now at higher tax rates. Expenses go down but not by as much as you think. Only 20% on average per the Government Accountability Office. Think about it this way. Variable costs like medical and food, etc. will decrease but what about fixed expenses. My FIL passed in December. Jill’s Mom still has the house to contend with. All of this is to say please build these types of scenarios into your plans. If you have questions, feel free schedule some time to speak with me.

Annuities Simplified: What you need to know before buying!

By Darryl Rosen • 07 Mar, 2024

Are you looking for a reliable source of income in retirement? Annuities may be the answer! Watch this video to learn how annuities can provide guaranteed income and simplify your retirement plan. Say goodbye to financial worry and hello to a comfortable retirement!

What if you take Social Security at 62?

By Darryl Rosen • 15 Feb, 2024

When it comes to deciding on the right time to start Social Security benefits, there are various factors that come into play. One of the key considerations is your full retirement age, which typically ranges from 66 to 67, depending on the you were born. Opting to collect benefits before reaching your full retirement age can result in a reduction in the monthly amount you receive. For example, starting at age 62 can mean receiving only about 70% of your full retirement age benefit. This reduction can have a significant impact on your long-term financial security. Another important factor to consider is your life expectancy. If you anticipate living a long life, delaying the collection of Social Security benefits may be a wise decision as it can result in higher monthly payments in the long run. Additionally, if you are married, your decision can also affect your spouse's benefits, particularly if they are eligible for spousal or survivor benefits based on your earnings record. Understanding the implications of when to start collecting Social Security benefits is crucial in ensuring financial stability for both you and your loved ones. Ultimately, the decision of when to begin collecting Social Security benefits is a personal one that should be carefully considered based on your individual circumstances. However, I do want to highlight one important point. The decision is not life or death. I've had so many people come to me, profess that they hate their job, but then stay (in the job they hate) for 2 more months to increase their benefit. We are not algorithms. We are not spreadsheets. We are people and it's ok to not always make the 100% most optimal decision. Consulting with a financial advisor or utilizing online calculators can help you weigh the pros and cons of starting benefits early versus waiting until your full retirement age or even later. By taking the time to evaluate your options and considering factors such as life expectancy and spousal benefits, you can make an informed decision that aligns with your long-term financial goals.

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Investment advisory services offered through Brookstone Capital Management, LLC (BCM), a registered investment advisor. BCM and Rose Advisory Group are independent of each other. Insurance products and services are not offered through BCM but are offered and sold through individually licensed and appointed agents. The content of this website is provided for informational purposes only and is not a solicitation or recommendation of any investment strategy. Investments and/or investment strategies involve risk including the possible loss of principal. There is no assurance that any investment strategy will achieve its objectives. Fiduciary duty extends solely to investment advisory advice and does not extend to other activities such as insurance or broker dealer services. Advisory clients are charged a monthly fee for assets under management while insurance products pay a commission, which may result in a conflict of interest regarding compensation. Any comments regarding safe and secure investments, and guaranteed income streams refer only to fixed insurance products. They do not refer, in any way to securities or investment advisory products. Fixed Insurance and Annuity product guarantees are subject to the claims‐paying ability of the issuing company and are not offered by BCM. Index or fixed annuities are not designed for short term investments and may be subject to caps, restrictions, fees and surrender charges as described in the annuity contract.