Thursday, November 29, 2018

G&G: Five Ways to (Mostly) Recession-Proof Your Retirement


This is
G&G Associates 
Tax, Financial & Veteran Consulting Services
e-Newsletter
 Five Ways to (Mostly) Recession-Proof
Your Retirement

Hotep (Peace) G&G Readers,

There’s no such thing as a “recession-proof” portfolio, and the 2008 financial crisis left many wondering — especially those in retirement or close to it — how they could protect themselves from the next inevitable market crash.

People in or nearing retirement are particularly vulnerable because they have likely passed their peak earning years and have far less time to earn and recover from a downturn.  So, everyone’s big question is how can you invest your money so it won’t disappear again in a few years?

After 47 U.S. recessions, there is still no firm answer. But a recent article in Forbes notes that while no portfolio is “recession-proof,” you can set up a portfolio to be largely “emotion-proof,” setting yourself up in the best possible way to ward off the next recession.

-------------------------------
Internal Sponsorship:

                                     G&G FINANCIAL CONSULTING SERVICES

 Sign up for a GGIS Lifetime Subscription and you’ll get a 50% discount “FOR LIFE” on getting your Taxes Prepared AND 25% off financial consulting fees.

DON'T WAIT ANOTHER DAY!
- 1 year subscription - $199 
- 2 year subscription - $349 
- Lifetime subscription - $999 
*** Membership Guarantee *** If you don't make your money back from being a GGIS member by the end of your subscription...we'll refund 100% of your subscription fee back. That's how confident we are that this will be one of the best financial moves of your life.
-------------------------------

Per Forbes:

From the Great Depression to the Great Recession, economic disasters have become embedded in our cultural subconscious like a recurring nightmare… But must we always live with the threat of waking up in a cold sweat?

As if market volatility weren’t enough of a boogeyman, we’re also fighting against human nature. Biologically it seems we’re programmed to make absolutely terrible choices when it comes to money and investments. Not only do we spend too much money on frivolous, instant gratification purchases that prevent us from saving for retirement, but apparently we also have no idea how to play the market.

Even though “buy low, sell high” should be programmed into all our psyches by now, many investors seem to do the exact opposite. The average investor has earned total returns of just 2.5% over the past 20 years, while the S&P 500 has returned an average of 9.5%. 

The reality is that we’re never able to control the markets or the economy. What we can control is our emotions, particularly when it comes to the markets.

To keep my clients sane and their money protected before, during and after a recession, I sit down with them for something I like to call the “income generation conversation.” We touch on a lot of different topics, but one of the most important is the emergency fund. You’ve likely heard many times that it’s good to have between three and six months’ worth of living expenses set aside in the event of a job loss, health crisis, or other unforeseen circumstance.  What you likely haven’t heard is that those numbers only make sense when you’re actively employed. Once you’re retired, you need to have a full five years’ worth of living expenses in cash, or at least out of the market.

Before you start complaining about how much money that is, stop and think about what it would feel like to have to draw down on your accounts while the market is at a low point. Chipping away at your savings before they’ve had a chance to recover means a double whammy for your wallet.

Perhaps you did the math and know that you have enough saved to last until you’re 100. Good for you. But what happens if you’re forced to take withdrawals after the market loses another $6.9 trillion in shareholder wealth, like it did in 2008?

Five Separate Retirement Portfolio Recommendations

  • Portfolio A: Determine how much money you need to support your lifestyle for five years, and take those funds out of the market. Put them in a layered CD or bond portfolio, or even fixed annuity to make sure that you always have your near-term cash flow secured.
  • Portfolio B: This portfolio will be the next one you tap if a recession comes and you spend through Portfolio A. Since it will have at least five years to grow to replace portfolio A, it can take on some risk, but to be safe we should only assume a 3% rate of return during that time frame. (For context, 100% equity portfolios in large company stocks have been shown to recover all losses over a five-year period. But portfolio B should be no more than 40% equities.)
  • Portfolio C: If you’re following along, you’ll know that this portfolio will have ten years to grow before one might need it to support their lifestyle. Here you can assume a bit more risk, since time is on your side. You can invest more in equities, and in good years when you exceed 4% growth, you can use your excess to make up for possible inflationary increases in your lifestyle.
  • Portfolio D: This portfolio has—you guessed it—15 years to grow. Here, one can feel good about completely leaving emotion out of the equation and knowing that you’ll see the markets recover before you need this money.
  • Portfolio E: Here you’ll leave excess money that you want to grow, and annually you can move the money over to cash. Remember that cash is a non-taxable liquid asset, and it is your friend. You can use it to move into a retirement facility, or give it away to family.

You want to feel the comfort that comes from long-term tax  & financial security, so it’s worth taking an honest look at your current financial situation and goals. Every day, G&G Associates makes financial planning easier for our clients. We can make it simple for you, too, so don't hesitate to contact us at gngassociates.net if you need someone to see you through life’s major adjustments.

As usual … if you need a one-on-one consultation, feel free to contact me to setup an appointment.

Here’s to Good Health, Wealth and Retirement!

Ankh Uja Snb (Life, Health & Strength)
Asar Maa Ra Gray
Tax & Financial Consultant
G&G Associates
757-271-6068 office
866-361-3872 toll free fax
www.gngassociates.net

Become a Fan of G&G Associates on Facebook, Instagram, LinkeIn and Twitter.

“Philosophers aren’t psychics … they are good historians. Knowing your history will allow you to interpret and understand the present … Knowing how to interpret the present, will allow you to predict the future.” Dr. Kaba Kamene

LEGAL NOTICE: This work is based on what I’ve learned as a financial researcher and analyst based SEC filings, current events, interviews, investment reports, corporate press releases and what I've learned as a financial consultant. It may contain errors and you should not base investment decisions solely on what you read here. It’s your money and your responsibility. Nothing herein should be considered personalized investment advice.

Monday, October 8, 2018

TAX EXTENSION DEADLINE APPROACHING – October 15, 2018





This is
G&G Associates Tax & Financial Consulting
e-Newsletter


TAX EXTENSION DEADLINE 
APPROACHING – October 15, 2018 





G&G Readers,
Tax extension 7 day deadline is today! If you still haven't filed your taxes please contact us so we can get your taxes filed before the deadline. The tax extension deadline this year is October 15, 2018 with an extension.  For INSTRUCTIONS on how to get your taxes prepared visit our website, click on the "TAXES" tab and then download the "Tax Preparation Worksheet."
 
------------------------------------------------
Internal Sponsorship:
G&G TAX PREPARATION SERVICES

G & G Associates focuses on easing our client's minds on tax compliance matters. With the ever changing and burdensome tax code, overwhelming and confusing federal and state tax forms and increasing IRS scrutiny over most tax items, taxpayers need to have at least this one part of their lives made easier, less stressful and more profitable.
Our expert help includes our:

We can service clients anywhere in the world and we look forward to assisting you in getting your tax return prepared for the 2016 and beyond tax season. (Referrals available upon request)

If you are a returning client you'll get a 25% discount off your tax preparation fees. If you are a new client you'll get $40 off our normal fees. If you are active duty or retired military you'll get a 15% discount. If you are a senior citizen (above 65) you'll get a 20% discount.

At G&G Associates, we GUARANTEE to beat "ANY" other tax professional’s price. We take pride in not nickeling and diming our customers with unnecessary charges & fees.
 
We are looking forward to doing business with you for the upcoming tax season.
For more information about G&G Associates, visit our website at www.gngnassociates.net
----------------------------------------------------------------------------

So, it will be imperative that you have a tax professional and "not just a tax preparer" doing your taxes.  Trust me folks, there is a big difference.

One of the benefits of being a client with G&G Associates is that you'll get a free 30 min pre-tax preparation session to make sure you are gathering your documents appropriately before you submit your documents for tax preparation.

So, contact us today to schedule an appointment.

Visit our website for more information and free online webinar classes to help you make sure you are audit proofing your records, or contact us today to set your appointment if you need a “TAX” OR “FINANCIAL” one-on-one consultation.

Until the next time!

Tua (Thank You),
Asar Maa Ra Gray
Tax & Financial Consultant
G&G Associates
757-271-6068 office
866-361-3872 toll free fax
www.gngassociates.net

G&G Associates is on Facebook ... join our fan page.

**You must be a G&G Associates tax client to receive the $40 referral fee

P.S. If you're not a GGIS Paid Subscriber reader yet, why not? Currently, our GGIS portfolio is packed with great plays to enhance your portfolio for 2018.











Monday, October 1, 2018

TAX EXTENSION DEADLINE APPROACHING – October 15, 2018





This is
G&G Associates Tax & Financial Consulting
e-Newsletter


TAX EXTENSION DEADLINE 
APPROACHING – October 15, 2018 





G&G Readers,
Tax extension 15 day deadline is today! If you still haven't filed your taxes please contact us so we can get your taxes filed before the deadline. The tax extension deadline this year is October 15, 2018 with an extension.  For INSTRUCTIONS on how to get your taxes prepared visit our website, click on the "TAXES" tab and then download the "Tax Preparation Worksheet."
 
------------------------------------------------
Internal Sponsorship:
G&G TAX PREPARATION SERVICES

G & G Associates focuses on easing our client's minds on tax compliance matters. With the ever changing and burdensome tax code, overwhelming and confusing federal and state tax forms and increasing IRS scrutiny over most tax items, taxpayers need to have at least this one part of their lives made easier, less stressful and more profitable.
Our expert help includes our:

We can service clients anywhere in the world and we look forward to assisting you in getting your tax return prepared for the 2016 and beyond tax season. (Referrals available upon request)

If you are a returning client you'll get a 25% discount off your tax preparation fees. If you are a new client you'll get $40 off our normal fees. If you are active duty or retired military you'll get a 15% discount. If you are a senior citizen (above 65) you'll get a 20% discount.

At G&G Associates, we GUARANTEE to beat "ANY" other tax professional’s price. We take pride in not nickeling and diming our customers with unnecessary charges & fees.
 
We are looking forward to doing business with you for the upcoming tax season.
For more information about G&G Associates, visit our website at www.gngnassociates.net
----------------------------------------------------------------------------

So, it will be imperative that you have a tax professional and "not just a tax preparer" doing your taxes.  Trust me folks, there is a big difference.

One of the benefits of being a client with G&G Associates is that you'll get a free 30 min pre-tax preparation session to make sure you are gathering your documents appropriately before you submit your documents for tax preparation.

So, contact us today to schedule an appointment.

Visit our website for more information and free online webinar classes to help you make sure you are audit proofing your records, or contact us today to set your appointment if you need a “TAX” OR “FINANCIAL” one-on-one consultation.

Until the next time!

Tua (Thank You),
Asar Maa Ra Gray
Tax & Financial Consultant
G&G Associates
757-271-6068 office
866-361-3872 toll free fax
www.gngassociates.net

G&G Associates is on Facebook ... join our fan page.

**You must be a G&G Associates tax client to receive the $40 referral fee

P.S. If you're not a GGIS Paid Subscriber reader yet, why not? Currently, our GGIS portfolio is packed with great plays to enhance your portfolio for 2018.











Thursday, September 20, 2018

G&G Associates: VA Disability Claims Lunch & Learn - September 22, 2018



 ** Currently Filing a VA Claim **
** Wanting to File A New Claim **
** Currently Filing or Want to File an Appeal **
Then you definitely want to be there !!!

CLICK HERE TO RSVP

Tuesday, September 18, 2018

G&G Associates: VA Disability Claims Lunch & Learn - September 22, 2018



 ** Currently Filing a VA Claim **
** Wanting to File A New Claim **
** Currently Filing or Want to File an Appeal **
Then you definitely want to be there !!!

CLICK HERE TO RSVP