HFCU #2

Crafting a Secure Retirement Strategy: Insights from a Seasoned Financial Advisor

By StoryStudio on September 12, 2023

Planning for retirement is a crucial financial step that requires strategic consideration and decision-making. Whether you started saving right out of college or are trying to get on the right track later in life, there are plenty of effective retirement investment strategies. Speaking with John Woltemate from HFCU Investment and Retirement Services – who specializes in helping individuals prepare for retirement, and live comfortably and confidently in their golden years – here are some key aspects to stay ahead of the game.

“A significant portion of my business is income investing for retirees,” John says. “When people come to me with a lump sum from a pension or a 401k, I work on programs that seek to provide them a good cash flow year after year with a minimal amount of risk.” At its core, retirement income investing revolves around building a diversified portfolio of assets that can generate consistent cash flow. This could be through dividend-paying stocks, bonds, treasuries, or any other investment that yields a return. In many cases, the aim is to create a system for retirees where they can live off the generated income without having to touch the principal amount. Consider this – There’s a distinct advantage to this approach, particularly for those who have amassed sizeable assets over their working years. By relying solely on dividends and interest, retirees can manage the risk of outliving their savings, especially during unpredictable market fluctuations reminiscent of 2008 or 2022. A key concern for many after their career is ensuring they can enjoy life without financial worry yet still be able to leave something behind for their heirs. Retirement income investing is a strategy that addresses this concern.

The Freedom Retirement Income Investing Provides

When it comes to financial planning, a prevailing sentiment echoes: the best time to start was yesterday, and the second best time is now. Focusing on the magic of compound interest and the importance of starting your investment journey early, HFCU Investment and Retirement Services emphasizes this principle. For many, the temptation is to delay investments until a more stable period of life. However, when a young investor is shown the numbers, they often reveal the sheer power of beginning early. The value of investing in a 401(k) is another outstanding tool, especially if employers match contributions. These employer-sponsored retirement plans not only facilitate consistent savings but can significantly boost retirement funds if they come with an employer match, which is essentially free money.

While navigating the investment world might seem daunting, basic investment advice is actually pretty straightforward: start your financial journey as soon as possible. Industry leader John Woltemate can attest that even if you didn’t begin in your early twenties, it’s not too late. Unlike big brokerage houses that only deal with high amounts and above, HFCU Investment and Retirement Services can assist every member, whether investing a few hundred dollars at a time for a grandchild or addressing a million-dollar retirement plan. The goal of retirement should be more than just surviving – it should be about thriving. And with the right investment strategy, retirees can enjoy their years with confidence, knowing their financial foundation is solid.

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Disclosure: Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Houston Federal Credit Union and HFCU Investment & Retirement Services are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using HFCU Investment & Retirement Services and may also be employees of Houston Federal Credit Union. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, Houston Federal Credit Union or HFCU Investment & Retirement Services. Securities and insurance offered through LPL, or its affiliates are:

JOHN WOLTEMATE

Starting as Early as Possible for Long-Term Success

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Content in this material is for general information only and not intended to provide specific advice or recommendations for any individual. All investing involves risk including loss of principal. No strategy assures success or protects against loss. There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk. A Roth IRA offers tax deferral on any earnings in the account. Qualified withdrawals of earnings from the account are tax-free. Withdrawals of earnings prior to age 59 ½ or prior to the account being opened for 5 years, whichever is later, may result in a 10% IRS penalty tax. Limitations and restrictions may apply.

“Even people who are not particularly well paid, if they can put 10-15% of their income every year into a 401(k) can build a sizeable nest egg,” Woltemate says. “The problem is that most people don’t look that far into the future like they should.” Another avenue toward retirement is a Roth IRA. While investing in this option doesn’t grant immediate tax breaks, the long-term benefits are compelling. All the growth and the sum amassed will be tax-free upon withdrawal during retirement. Just note that it’s crucial to be wary of misconceptions floating around on social media, where everyone seems to have an opinion on investing. While there are critiques of 401(k) and Roth IRA plans, many stem from parties pushing alternative investments that might not be as lucrative. In reality, a 401(k) or Roth IRA can be a wonderful investment choice.

As a qualified financial advisor, everything John does is classic financial planning, which is long-term and utilizes investment instruments such as stocks, bonds, mutual funds, and so forth. His program offers fixed investment products that are quite safe but not guaranteed or federally insured by the NCUA. Additionally, for a no-cost, no-obligation initial consultation with John Woltemate, he can be reached by calling 281-243-0565 or emailing him at johnw@houstonfcu.org. You can also learn more on his financial professional page.

“A significant portion of my business is income investing for retirees,” John says. “When people come to me with a lump sum from a pension or a 401k, I work on programs that seeks to provide them a good cash flow year after year with a minimal amount of risk.” At its core, retirement income investing revolves around building a diversified portfolio of assets that can generate consistent cash flow. This could be through dividend-paying stocks, bonds, treasuries, or any other investment that yields a return. In many cases, the aim is to create a system for retirees where they can live off the generated income without having to touch the principal amount. Consider this – There’s a distinct advantage to this approach, particularly for those who have amassed sizeable assets over their working years. By relying solely on dividends and interest, retirees can manage the risk of outliving their savings, especially during unpredictable market fluctuations reminiscent of 2008 or 2022. A key concern for many after their career is ensuring they can enjoy life without financial worry yet still be able to leave something behind for their heirs. Retirement income investing is a strategy that addresses this concern.

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By StoryStudio on September 12, 2022

CRAFTING A SECURE RETIREMENT STRATEGY: INSIGHTS FROM A SEASONED FINANCIAL ADVISOR

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JOHN WOLTEMATE

Starting as Early as Possible for Long-Term Success

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