Legatum Financial LLC

Who better to ask about retirement regrets than millionaires who've been there, done that? Here's what they wish they knew before entering their golden years.

5 Things 50 Millionaires Wish They'd Known Before They Retired

This Annuity Awareness Month, let’s explore how annuities may help support your estate plan. Depending on the contract, annuities can:

• Provide retirement income during your lifetime
• Offer a death benefit to beneficiaries
• Potentially pass proceeds outside of probate

Estate planning is an on-going process. This month let’s review your strategy and make sure it reflects your current goals.

June is Annuity Awareness Month — and a great time to revisit the power of compounding.

Think it's too late for compounding to make a difference? Think again.

Compounding means your money earns returns not just on your original investment, but also on the growth you've already accumulated. Even if you're in your 50s or 60s, time can still work in your favor.

Many people at this stage can contribute more consistently than earlier in their careers. A shorter time horizon can still support meaningful progress when contributions stay steady and earnings are reinvested.

Compounding helps build wealth over time. Certain annuities may help support asset preservation and retirement income goals. Let's talk about how these fit into your retirement strategy.

*Investments are subject to market risk including possible loss of principal.

If you have deferred compensation through your employer, here’s something worth knowing before your next enrollment period.

Deferred comp is an unsecured liability — not protected like a 401(k) — and the tax benefit depends entirely on your income bracket at distribution. For many executives, that bracket is higher than expected.

Three questions to ask now — details in the post below.

Most financial plans tell you what to do. Fewer explain why.

For analytical clients — physicians, executives, engineers — that’s not good enough. They want to understand the logic, not just implement the steps.

A plan you understand is one you’ll actually stick with.

The right question about long-term care isn’t “can I afford it?” — it’s “do I want to spend down the assets I planned to leave my family?”

Memory care in Connecticut and the Northeast can exceed $150K/year. The planning conversation is best had now, before health changes what’s available.

Lump sum or annuity pension — it’s a permanent decision that most executives make without fully modeling it.

The right answer depends on your health, tax situation, other income, and your spouse’s needs. There’s no universal answer — but there is a right answer for your specific situation.

This Memorial Day, we pause to remember and honor the men and women who gave their lives in service to our country.
We are grateful for their sacrifice and hold their families in our thoughts today.

Early in my practice I worked with everyone. I was doing good work — but not my best work.

The clients where I added the most value were physicians and executives with genuine complexity. They asked hard questions, they engaged deeply, and they pushed me to be better.

I made a deliberate choice to focus there. Best decision I’ve made for my practice

Most physicians I talk to have group disability coverage through their hospital. Most of them are still significantly underinsured.

Group policies have four gaps that matter: they cover base salary only, they’re rarely own-occupation, they’re tied to employment, and the benefits are often taxable.

Individual own-occupation coverage is the foundation everything else sits on.