September 2013

Now that the kids are back in school and the rain has finally slowed down, I guess we can all look forward to the beautiful fall weather we have here in North Carolina. Our new radio show, "The Safe Harbor Retirement Planning Show" has been moving right along. You can tune in and listen every Saturday morning at 10:00 - 10:30 on WSIC AM 1400. You can also go to the WSIC website and listen online. We have our previous shows uploaded to our website at JDS Wealth Management - so you can catch up! Follow this link to listen!

Kelly has started studying for her Series 65 license to become a Registered Investment Advisor just like her dad, so I'm really proud of her! As most of you know, I'm also in the process of writing a book on retirement planning, and that's moving along well. It's not easy putting into words what's rolling around in my head, but I'm really looking forward to the finished product.

Kelly and I just got back from a conference on new annuity and life insurance programs that are available today. We spoke directly with some of the top insurance executives, planners, and actuaries in the business. All I can say is WOW! The insurance industry is very busy creating strategies and products that are custom made for baby boomers and retirees.

The focus was on new updated crediting and income strategies for fixed indexed annuities (this allows you to make higher rates of return safely), and updated new living benefits for both annuities and life insurance. These products combine Long Term Care benefits in the form of riders. Also, new products have been designed called "Asset-Based Long Term Care".

Here's the bottom line - these strategies and programs are designed to SAFELY grow your money, provide guaranteed income, and help protect you from the rising costs of a nursing home. I'll say it again - ANYBODY WHO IS NOT TAKING ADVANTAGE OF THESE NEWER PROGRAMS IS MISSING THE BOAT! Please take the time to let us educate you on how these new "asset-based" programs work.

Until next month,

Jim's signature

James D. Stillman

P.S. - For those of you who are signed up to attend our End of Summer Bash/Jim's 60th Birthday Party on Sunday, we look forward to seeing you! It looks like it is going to be a beautiful day for a party! Follow the link below for directions to The Quarry at Carrigan Farms (West Entrance). We will also be sending another email with more event details, so keep your eyes peeled!

http://www.carriganfarms.com/directions

Are You Being Told The Truth About Your Retirement Planning - Part 2

Lake Norman Magazine, September 2013

If you recall, last month we talked about a few of the "Retirement Lies" that we've been led to believe over the years. Mostly, these mistruths have been perpetuated by Wall Street fat cats. This month I want to finish up with a few more of the "Retirement Lies" that we've been led to believe.

It's not that we're against Wall Street investment strategies here at JDS Wealth Management Corp.; we help people navigate the Wall Street maze of investments on a regular basis. What we are against are the mistruths that lead folks to believe they need all of their assets invested in Wall Street strategies all of the time - especially when in retirement! So, here we go with a few more "misunderstandings" about retirement.

1) You don't need life insurance anymore when in retirement: I challenge you to find a widow (or widower) that just received TAX FREE life insurance proceeds from a deceased spouse, and ask them what they think about life insurance. Be prepared for a lot of affection!

Ask any knowledgeable CPA or estate planning attorney what they think about life insurance. They could almost be mistaken for life insurance sales people (by the way- this is a good litmus test to see how good your CPA or estate planning attorney is. The good ones love life insurance when used properly and for the right reasons). Let's use some common sense here. If your spouse dies, what financial asset could be better than a big, fat, tax free check? Answer - nothing! Whether it's used for income replacement, tax planning, or charitable giving, nothing else provides the tax free benefits that life insurance can.

Follow up question: When are you most likely to die, before, or after you retire? Does it really make sense to get rid of your life insurance right when your loved ones will need it the most? I don't think so.

All content is intended for informational purposes only. Any guarantees are for insured products only and are dependent on the claims paying abilities of the insurer. All investments carry some risk and you should be advised by your personal financial advidor before implementing any strategies discussed, as they are not suitable for everyone.

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This Month

Are You Being Told The Truth About Your Retirement Planning - Part 2?

Is Good News Bad For Markets?

Approaching The Inflection Point

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