Retirement Resources President and Investment Advisor, Dave Boike, provides an overview of his favorite kind of bucket list for himself and his clients, a bucket list that assures financial stability through roller coaster economic times.
Auburn Hills, MI — January **, 2018— Dave Boike, President of Retirement Resources and co-author of The Ultimate Success Guide with Brian Tracy, published a new article on the company website entitled, “A Different Kind of Bucket List.” In the article, Mr. Boike elaborates on his 3-part bucket list..
Boike writes, “Several years ago there was a movie called “The Bucket List”, which set the whole country to thinking about all the big things they would like to do before they ‘kick the bucket’.” He continues adding, “Most people’s dreams include travel to exotic destinations and feats of strength and courage. You know, like climbing Mount Everest or Kilimanjaro or jumping out of an airplane.”
According to Boike, “I have none of those adventurous things on my list. In fact, I’m a pretty simple man and the most important thing for me is having a solid financial foundation for my family in the event I should ‘kick the bucket’ earlier rather than later.” He emphasizes, “I recommend this kind of bucket list for my clients too.”
“The bucket list I prefer,” says Boike, “is one that will pretty much assure clients that they will be able to weather the ups and downs of the stock market and feel secure and stay invested for the long-term with the help of Long Term Growth Accounts.”
Boike provides an overview of his 3 bucket list. Of bucket number one he writes, “This first bucket helps clients meet near-term living expenses for one year or more in the event of some unforeseen circumstances with cash and available liquid assets.” “The goal,” says Boike, “is to stabilize principal to meet income needs not covered by other income sources.” He explains how to arrive at the amount of money to hold in bucket 1. He writes, “Start by outlining spending needs on an annual basis. Subtract from that amount any certain, non-portfolio sources of income such as Social Security or pension payments. The amount left over is the starting point for bucket 1: That’s the amount of annual income bucket 1 will need to supply.”
Read the entire article at LINK HERE
About Dave Boike
Dave is a well-known financial educator, co-author of The Ultimate Success Guide with Brian Tracy, author of High Tide and contributing author of 21st Century Wealth. For over 30 years, Dave has been teaching investors age 55+ how to preserve their assets, increase their income, and reduce income taxes. For over 4 years, Dave was featured on NBC25 every weeknight at 6PM, discussing the daily market wrap-up. Many area retirees have used Dave’s advice to enjoy a financially independent retirement.
Dave is a Chartered Financial Consultant, a designation awarded only to the most experienced advisors who have completed a 10-course program of study, through the American College in Pennsylvania, focusing on Tax, Investment, Risk Management, Retirement and Estate Planning. He is an approved Member of the International Association of Registered Financial Planners, the Society of Financial Service Professionals. As a strong advocate of education, Dave recently spoke at The Michigan Association of CPA’s and is teaching a class at Oakland Community College.
Dave’s latest book, High Tide, A Practical Guide for Affluent Retirees to Protect, Profit and Prosper from the Coming Storm, talks specifically on the important challenges retirees are facing today and some new cutting edge solutions to address those challenges. He teaches you in this easy to read book how to take the steps necessary to achieve your successful retirement.
Dave is Managing Member and Chief Compliance Officer of Retirement Resources, LLC, a Registered Investment Advisory Firm. Every year, since 2011, Retirement Resources has been awarded the 5 Star Wealth Manager of Michigan, which is only given to the top 7% of advisory firms.
This content is provided for informational and educational purposes only. The information, analysis and opinions expressed herein reflect our judgment as of the date of writing and are subject to change at any time without notice. They are not intended to constitute legal, tax, securities or investment advice or a recommended course of action in any given situation. All investments carry a certain risk and there is no assurance that an investment will provide positive performance over any period of time. Information obtained from third party resources is believed to be reliable but not guaranteed. Past performance is not indicative of future results.