September 16, 2018

Sequence of Returns – It Matters

Relying on averages can be dangerous. Brian’s dad had a saying, “You can drown in a river that averages 3 feet deep.” Using averages can be risky, and applies to retirement planning too. Accumulation Phase During the accumulation phase of retirement planning, the impact of sequence of returns can be minimal (See Charts Below). Three investors made the same initial hypothetical investment of $1,000,000 at age […]
September 6, 2018

For the Youngsters – Use Time to Your Advantage

By Karen Spence, CRPC® Wealth Manager You are never too young to start saving for your future. The time value of money cannot be under-estimated. Einstein said, “Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays it.” The second part of that quote isn’t literal, but Einstein is implying that you will pay a price for […]
August 17, 2018

Retirement Income Options – Evaluate a Roth*

By Karen Spence, CRPC® Wealth Manager   When you retire, it’s nice to have income options, and focusing on building those income options is a sound part of a retirement plan.  You are probably most of the way there, and you don’t even know it!  Income options include tax-deferred income, tax-free income, and guaranteed income.   Tax deferred income comes from your 401k and/or IRA accounts.  Tax-free income comes […]
July 26, 2018

Plan For Longevity

By Karen Spence, CRPC® Wealth Manager   In the last Virtus View (Importance of Guaranteed Income), I said, “It is critical not to under-estimate your life expectancy when attempting to maximize your social security benefits.  It is highly likely that you will live longer than you think!” The emphasis on longevity is worth repeating. First, life expectancy has increased over the years due to medical advances, etc.  The […]
June 29, 2018

Guaranteed Income Makes a Difference – Maximize Social Security

By Karen Spence, CRPC® Wealth Manager   When you retire, it’s nice not to worry about having enough money coming in every month to pay the bills and guaranteed income can help.  A pension is a form of guaranteed income, but those are few and far between.  You can also build your own income stream with an annuity, and we can help determine if that makes sense for […]
June 15, 2018

Control the Controllable

By Karen Spence, CRPC® Wealth Manager   As with all things in life, some things are in our control in retirement planning and some things are not.  This is also related to the first habit noted in The 7 Habits of Highly Effective People by Stephen Covey – Be Proactive.  Focus on the things that are in your “Circle of Influence”, and constantly work to expand it to […]
May 31, 2018

Annuities Are Like Puppy Dogs

By Charles R. Elhoff, Jr. CFP, ChFC, CLU Life and Health Insurance Counselor   A friend of mine was once asked if he sold annuities, to which he answered yes. The person asking was in disbelief because, in his opinion, annuities were so bad – in fact awful. So, my friend responded with the following anecdote. Annuities are like puppy dogs: there are dogs that will […]
May 23, 2018

Retirement TO Something

By Karen Spence, CRPC® Wealth Manager It’s our belief that all of us are made to have meaning and derive purpose from something.  Aside from relationships, a large part of that meaning for many people is derived from their career.  The idea of waking up and not having to work can sound great when you are still in the day-to-day grind, but that elated feeling can wear off […]
April 30, 2018

What is a QCD?

By Charles R. Elhoff, Jr.  CFP®, ChFC, CLU  Life and Health Insurance Counselor It is not a new drug for your health, but it may be beneficial to your financial health. Qualified Charitable Distributions (QCD) are very simple, as far as tax savings go. They may be used to maximize the new, higher standard deduction. It is simple, but that doesn’t mean it won’t have a […]
April 12, 2018

We’ve Moved and More!

It is with great anticipation and pleasure we inform you that on April 6, 2018, the offices of V&E Wealth Management will be consolidating and relocating to a larger, more accommodating place of business. Our new location is at 2535 East Southlake Boulevard, Suite 100, Southlake, Texas 76092, located in the same center as our current Southlake office location. We will be keeping the same phone […]