How We Help

Retirement Income

Creating an income plan to last throughout retirement is perhaps the single most important challenge retirees will face. After all, with the fact that we’re all living longer combined with advanced medical science and technology, it’s very probable that people who are retiring today could spend 30 years or more living in retirement without earned income and only from social security and investments to support them. That’s a scary and very realistic thought.

That’s why we make income planning our top priority at our firm.  We help our clients establish a solid income plan guaranteed to last as long as they do. In other words, the income plans we prepare for our clients are guaranteed to “go the distance.” Even if that means they live to be 120 or older! They are guaranteed to always receive that monthly check.

If an income plan is the most important thing in retirement, peace of mind might be the second. Let us help you create an income strategy you can’t outlive so that you can enjoy retirement with confidence and certainty.

Asset Protection

You’ve spent the last 40 years, or longer, in the accumulation phase of planning your retirement. Now it’s time to switch gears and focus on the preservation of your retirement assets. But it doesn’t mean that growth has to stop. In fact, that’s one of the ways we help our clients the most, by helping them receive a reasonable rate of return throughout their retirement years. The difference is, we do it without loss, guaranteed!

Did you know that Warren Buffett’s number one rule to investing is to never lose money? He also has a second rule and that is to never forget rule number one!

We specialize in helping our clients make asset protection and preservation their top priority. Many people underestimate the devastation of losses to their portfolio due to market declines and don’t realize how difficult it can be to rebuild an account.

Did you know that a loss of 25% requires a positive return of almost 34% just to get back to even? A 50% loss of your retirement account means you have to double your money (receive a 100% return) just to be whole again. Think about it. If you have $100,000 and lose 50%, you’re left with $50,000. Now you’re left with the unsurmountable task of going from $50,000 back to your original deposit of $100,000; a return of 100%. How long do you think that will take? Two years? Five years? Ten years or more? What if you experience additional losses in the process of trying to get back to even? What if you’re drawing income from this account? What kind of impact will that have?

We believe that the best way to make a dollar is to keep it. Retirement is a critical time and most retirees simply don’t have the time to recoup losses in their portfolios. Let us show you how we help our clients achieve a reasonable rate of return, in many cases averaging 4 to 6%, and without ever subjecting their retirement accounts to loss – guaranteed!

Estate Maximization

Many of our clients are the ones with the bumper sticker on the back of their RV that says, “We’re spending our kids’ inheritance,” but for many others, their goal is to leave a legacy for their children and grandchildren. That means determining (while you’re still alive) where your assets should go after you die, along with a thorough evaluation of potential tax liabilities, probate avoidance and opportunities to leverage the value of your estate using the most recent estate planning tools.

Because of the constantly changing estate tax laws and emerging vehicles to help you protect and transfer your assets effectively, it’s important to work with experienced estate planning professionals who stay current in this field and advise clients on a day-to-day basis.

Contact our office today to schedule a one-on-one estate planning consultation.

Qualified Plan Rollovers

Changing jobs and retiring are two transition times in our lives that can be stressful. Fortunately, we work with people every day who are in the same situation and looking to take control of an employer-sponsored plan or just need help transferring the money to another employer plan. We make a seemingly daunting task easy and are happy to help you with your qualified plan questions and needs.

Here are four things you can do with the money in your employer sponsored retirement plan:

  • Leave the money where it is
  • Take the cash (and pay taxes, plus a 10% tax penalty if you are younger than age 59 ½)
  • Transfer the money to another employer-sponsored plan (if the plan allows)
  • Roll the money over to a self-directed IRA

Let us help you determine if a rollover is the right move for you!

Long Term Care Services

When it comes to the thought of needing long term care services in the future, the majority of us often fall victim to Optimism Bias. That is, a cognitive bias that causes a us to believe that we are at a lesser risk of experiencing a negative event compared to others. However, the proof is in the numbers and the need for long term care services for Americans is exponentially growing each and every day. Dementia, Alzheimer’s, and other cognitive diseases are some of the leading causes in the need of these services, leading to some of the below statistics.

15 million: The number of Americans expected to have a high long-term care need by 2050.

52.3%: The expected percentage of people turning 65 who will have a long-term care need during their lifetimes.

$17,680: Median annual cost for adult day care (five days/week), 2016.

$92,378: Median annual nursing-home cost, private room, 2016.

$217,820: Estimated end-of-life care costs in patient’s final five years for individuals without dementia.

$341,651: Estimated end-of-life care costs in patient’s final five years for individuals with dementia.

How can we ease your mind? We take our time getting to know you and your loved ones over a long period of time. We don’t shy away from the difficult conversations you need to have, we confront them with you, we create and execute a plan, and we make sure you understand that plan. You will have peace of mind knowing that you will not only be able to afford whatever care you require in the future, assisted living, in-home care, nursing home care, etc., but your family will not be burden by any financial obligations of not being able to do so.

(806) 351-2554

2623 Paramount Blvd. Suite 5

Amarillo, TX 79109

We Want to Help You!

Advisory Services are offered through Creative Financial Designs, Inc., a Registered Investment Adviser. Securities are offered through cfd Investments, Inc., a Registered Broker/Dealer, Member FINRA & SIPC, 2704 S. Goyer Rd., Kokomo, IN 46902. 765-453-9600. The Blackmont Group and Asset Max are not owned or controlled by the cfd companies or each other. Advisers are not licensed in all states. Neither The Blackmont Group, Asset Max nor the CFD Companies are associated with SmartVestor or Ramsey Solutions.  Neither SmartVestor nor Ramsey Solutions recommend or make an endorsement for services provided under the SmartVestor program.

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