Page 131 - Ready Set Retire

Ready. Set. Retire!

Do you understand now why we call this “More Now, More
Later™” financial planning?

The Cost of Waiting

Often, people will look at these plans and for whatever reason,
put them off to a later date. I understand the hesitancy, but I
also understand the damage it can cause. People have been
burned in the market so often they feel it’s inevitable they will
be burned by these plans as well. In addition, when discussing
concept like Last Things First™, we are proposing tying up a
good deal of money for a very long period of time, often a
lifetime.

On top of that, there is a lot of noise about annuities in the
background, much of it negative and frightening. Just
presenting them can often raise people’s skepticism. For
example, there is a common accusation that the only reason we
propose annuities is for the “exorbitant” and “predatory”
commissions. It’s true commissions can be high, though never
as much as the typical wrap fee of 1% per year charged by most
financial advisors. Usually they pay around six to seven
percent, once, on just the money initially deposited. Perhaps
more to the point, the commissions paid for selling an annuity
never come out of your money; they are paid directly by the
insurance company. Advisory fees do come out of your money,
and they are not limited to the original deposit; they are on the

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