Topher Sandoval - Financial Advisor

Whether you had a recent job change or have an old 401k floating somewhere, now is the time to act...

The easiest thing you can do is to just leave your old 401k right where it is...
..but it's also the laziest thing you can do.

It will come with a cost and here is what you might not know:

o You will be charged fees
o Expenses will be higher than other solutions
o You are extremely limited on your investments
o You can no longer contribute to this account

Do you think they care whether or not your account does well?

You are paying fees and expenses for it to just sit there.

You could likely open your own account, with the same target fund and let it sit there...with little to no fees

Research shows that using an advisor can add 3%-6% to your long-term ROR net of their fees.

Don't be lazy, either open your own account and save $$$ in fees or send me a message to discuss your options further.

Don't let the fear of failure prevent you from what you can achieve.

Would you rather have guaranteed income in retirement or volatile income?

Research shows that retirees who have a guaranteed income stream in retirement are happier and less stressed. Makes sense since the goal is to not be stressed in retirement.

Learn how to create a floor of income so that no matter what, your income is guaranteed to meet your baseline living expenses and you never have to worry about paying property taxes or keeping the lights on.

Using an annuity may be a useful tool to help you create a guaranteed stream of income for the rest of your life. DM if you have questions or would like to know more.

2️⃣0️⃣2️⃣4️⃣Million Dollar Round Table Qualifying Member

🚀MDRT is a global, independent association of the world’s leading Financial Services professionals from more than 700 companies in 80 nations and territories.
🤓MDRT membership is recognized internationally as the standard of ⭐️excellence⭐️ in the financial services business.

What are the top 3 risks that will hinder your plan?

You die - while the likelihood of someone passing away before they retire is quite low, it is possible and the easiest way to mitigate that risk is with some affordable term life insurance.

You lose your job - Job security is not always a sure thing. If you aren't working, your plan is not likely going to pan out how you thought.
While you may be able to pay the bills for a few months, you are not able to save in the same way prior to your job loss. Save 3-6 months into an emergency fund to weather such a storm.

You become disabled - Between 1 in 3 females and 1 in 4 males will experience a long-term disability averaging 2.2 years before they retire. If you are disabled, you aren't working. As in the previous example, that means you are not able to save additional money. Many individuals can use around 1% of their income to protect up to 90% of their paycheck and is one of the cornerstones of a solid financial plan. Let me know if you would like to learn more.

The Eliminator of Envy... .

It can be difficult at times to be content in our hearts when our eyes lead us to the next thing. Many people will choose to increase their standard of living as their income increases.

"Make sure that your character is free from the love of money, being content with what you have..." Hebrews 13:5

Giving, instead of acquiring, can not only bless others but can also quench the desire to obtain more and more.

Why is diversification so important?

Wealth is CREATED by concentration in assets. Wealth is KEPT by diversification in assets.

Gold, Technology, Crypto, Real Estate, and even Tulips. Fortunes have been created and lost on all of these and there is no perfect investment.

"Whoever loves money never has enough; whoever loves wealth is never satisfied with their income. This too is meaningless." Ecclesiastes 5:10

Don't let greed be the reason you lost a fortune, hoping to squeeze out a bit more of your big gain. Talk with your financial advisor today to make sure your assets are properly diversified and take some of those winnings off the table.

Don't know where to start? Shoot me a message, and we can schedule a complimentary consultation.

Want to win the day? Here is the key...

- Devote DAILY to His word
- Do not give up

Do you want to be blessed? Psalm 1 tells us that the man who is blessed delights in the law of the Lord, and meditates on it day and night. Do this and be blessed.

What are the most common risks you may face in retirement?

Some risks might be staring you in the face right now. There may also be a few that you had not yet thought about and that's ok.

A solid financial plan will address all of these risks and your financial advisor should be talking to you about how your plan is going to mitigate each one.

Is there one risk that resonates with you that causes the most concern?

For I wanted to touch on the Biblical Principal of Generosity when it comes to Material Gifts. Who doesn't enjoy receiving gifts? Then again there is the saying "better to give, than to receive".

How does one get wealthy and stay wealthy?

Wealth gained hastily will dwindle, but whoever gains little by little will increase it. Studies show that most individuals will need to save 20% of their income to retire. If you can't do that, start with what you can save by systematically putting some aside and then increasing that amount each year by 1% until you get to 20%.

Already doing that? Don't know where to begin? Still have questions? Send me a DM and let's schedule a COMPLIMENTARY consultation.

This we continue to reflect on . The Bible mentions giving over 2100 times encouraging us to give cheerfully, sacrificially, and with a willing heart. With 2100+ mentions, perhaps we should reflect on giving a bit more and how we can bless others.