It is difficult to get the right solution when you start out with the wrong premise. If we center ourselves in a false belief system, we become what we believe. An example of that false belief system existed until 1954. It was common belief that no human could run a mile in less than four minutes and live to tell about it. Medically, it was believed at that time that to attempt to run a mile in less than four minutes would bring about certain disaster to the human body. No one in the history of mankind was ever timed running a sub-four minute mile… no one, that is, until Roger Banister. On a sunny Saturday morning, the young Englishman defeated a belief system and certain death by running one mile in 3:59:40.

For this post I’m using an article that I wrote for the Town & Gown’s Guide to Financial Services, regarding our income for life strategy. Enjoy!

Recent studies have shown that the traditional retirement strategies of pulling a percentage off a brokerage account may be flawed. According to one study, stock and bond only strategies preserved the original value in just 45% of the cases, while “Income for Life” strategies preserved the original value in 93% of the cases. Paul Nichols, the president of Financial Abundance a registered investment advisor and estate planning firm in State College, compares traditional retirement strategies to the “Income for Life” strategy.

Most homeowners have the misconception that the wisest method to accelerate the pay-off of their home is to simply pay extra principal payments on their mortgages. Other homeowners are lured into thinking that bi-weekly mortgage payment plans are the answer. Still other homeowners utilize a 15-year mortgage rather than a 30-year mortgage. In actuality, none of these methods usually prove to be the wisest method to accomplish a "free and clear" home.

You can accumulate sufficient cash in a conservative tax-deferred mortgage acceleration plan to pay off a home just as soon or sooner than utilizing the methods described above. In addition, you will have the following advantages:

In an attempt to better serve our growing client base, we have moved our State College office. Our new, roomier location will offer greater accessibility to all of our clients, and create an even more comfortable space.

We are now conveniently located off of Science Park rd. on Sandy Drive. The new address will is:

2134 Sandy Drive Suite One
State College, PA 16803

Coming up in October I will once again be teaching one of my Retirement Planning Today® courses sponsored by South Hills School of Business & Technology. These courses are taught at over 200 colleges and universities throughout the country. I am teaching two sessions, one on Thursdays October 1 and 8 and the other on Tuesdays October 6 and 13. Each session runs from 6:30 pm to 9:30 pm and included in the $49 tuition is a 230 page work book.

Why Financial Education is Important

As an investor coach, I feel education and proper planning are vital components to a happy retirement. Due to recent tax law changes, an uncertain future for Social Security and the shift toward employee-directed retirement plans, the need for sound financial strategies has never been greater. In straightforward