Avoiding Cookie Cutter Investment Strategies

Why should you find the right investment, income stream, and tax strategy for you? Because your situation is different than your neighbor’s!

Not every investment plan is right for every person. Everyone has different income streams, a different tax situation, and different investment strategies. So why would you do something the cookie-cutter way if it’s not going to be the right fit?

It’s important to have multiple streams of retirement income. But won’t that all be taxed in different ways? Brian breaks down some of the numbers, but it all comes down to a variety of different factors.

With clients, Brian lays out the options. After putting in their software, they can work through some of the strategies to consider. Ultimately though, it’s up to the client to choose the right option for them. All the work you put in has to justify the tax advantage. The different income streams are all taxed differently, so you want to pay close attention to how to do it correctly.

How would Brian build the ultimate retirement plan? If someone came in with a million dollar retirement plan, what would he say? Some studies have talked about the 60/40 rule, 60 percent in stocks and 40 percent of your portfolio in bonds. But there are other ways to do it. What will you really get out of bonds or even cryptocurrency? Not everyone is the right fit for every investment product, so be sure to work with an advisor to find the right fit and financial plan for you.

Listen to the entire episode or skip ahead using the timestamps below.

Honest Takes:

[0:13] – Will multiple streams of retirement income be taxed in different ways?

[6:30] – What’s the million-dollar retirement plan?

Today’s Truth:

“When we adjust for inflation in your plan, you need to have more money saved.”

Brian Bowen


The Host:

Brian Bowen – Contact