There is a problem that I need to make you aware of.
Hi, my name is Jason Parker, and I'm the founder of Retirement Budget Calculator and the president of Parker Financial LLC. I created the calculator to help more people have a greater sense of confidence as they prepare for and transition through retirement, and to do so at a fraction of the cost of hiring a financial adviser. The Retirement Budget Calculator does an excellent job of helping people create a very detailed cash-flow plan as they prepare for retirement.
But here is the problem, once you create the plan, you need to implement the plan, create an investment strategy and monitor the plan to make sure everything is working as it should.
Implementing the plan and developing an investment strategy is not easy, and as you get closer to retirement, you are entering a time of life when you can't afford to make a mistake.
I've seen too many people take the information from the calculator and bring it to an investment adviser representative, financial adviser, or insurance agent who then tries to sell investment and insurance products they don't need. I've also seen people try to do this on their own, and they just don't know what they are doing.
So today we are bringing you the calculator, investment management, and advice to provide you with a robust solution to help you implement your plan, create an investment strategy and monitor your plan to help you make the most of your retirement.
Step 1: Financial review
The Retirement Budget Calculator is simple, easy, and powerful, but user error could be costly. If you are not careful, you could make a mistake that could produce inaccurate results. The first step is to have one of our financial advisers review your current investments, taxes and the data in the Retirement Budget Calculator and to review your plan for completeness and accuracy at your first appointment with us.
Step 2: Hire us & start transferring accounts to our management
Fidelity Investments is our custodian, and you will have 24/7 access to your accounts. You can sleep soundly at night knowing that your money is in good hands thanks to our relationship with Fidelity, Vanguard, and Dimensional Fund advisers.
Step 3: After you’re accounts have been transferred to our management, we’ll meet again to cover the following:
- Risk Analysis
Our risk assessment is based on decades of behavioral economic work and a Nobel prize-winning framework called prospect theory. Prospect theory tells us that people are loss averse. In other words, we feel the pain of losses more than the joy of gains.
Our risk analysis is designed to help you optimize your investment approach for a specific level of risk that you are comfortable with. We want to assist you in making sure your money works hard in the good years and that you stick to your strategy when things are not going well with the stock market.
- Investment Portfolio Design
You deserve a retirement investment plan that is based on academic research and financial science, and it should be tailored to your risk tolerance and financial goals.
We offer a low-cost, diversified, global investment approach across asset classes and sectors. We'll handle portfolio rebalancing as needed. Our team of professionals has years of experience applying insights from economics theory to create a retirement investment strategy that you can feel confident in.
- Tax Planning
When you provide us with a copy of your most recent tax return each year, we will provide you with a detailed written report to show what actions you should consider for reducing taxes.
Step 4: Monitor and Adjust
Your retirement is a journey, not a destination. Things will happen that are out of your control.
We provide you with an annual review with one of our investment adviser representatives and we are available throughout the year to with your financial planning questions. We will track your progress and make any necessary adjustments along the way.
Ready to begin