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Ryan shares some stories about his experience with clients and how they can at times be extreme in their actions and thoughts. In many cases the same clients will swing from one extreme position to the polar opposite position within a very small period of time. Ryan tries to support his clients to have a more moderate, level headed approach to retirement and life.
Ryan discusses different scenarios that can present themselves to people as they approach retirement and in early retirement. Do they keep their home, downsize, use the equity, etc? Ryan informs us on what strategies work and what strategies we should avoid.
On this addition of Summit Financial Partners Question and Answer video, Ryan answers a few questions regarding our upcoming Apex Club Client Event in October. Our clients have been eagerly waiting for the unveiling of the Apex club. Unfortunately, due to Covid, there was a significant delay in the start of this program. However, the wait is over, and the Apex club is being launched in late October. Clients will be able to attend the event and learn everything that the Apex club has to offer. They will be able to hear from our different specialists who will be participating and assisting our clients who opt into the club. This will go above and beyond, and address concerns and needs for clients that SFP does not currently address. We will be helping with Medicare planning, tax strategies, estate planning reviews, health and nutritional guidance, an app that will integrate all facets of your financial life, and more. On Wednesday, October 27, Clients will be able to attend the event and listen from all the different professionals involved in this program. We are excited to offer this and we’re very proud of the work it took to put this together. Join us October 27 to learn more about the Apex club and how it can help you.
Who is the Apex Club for?
What are the different programs included in the Apex Club?
How do I know if the Apex Club is right for me?
Ryan and Deb talk about life leading up to retirement, and Deb’s goals in retirement.
Ryan receives a question about what makes Summit financial partners different from some of the other firms in the industry. Ryan explains that Summit financial partners has been constructed with service and family in mind from day one. Ryan refers to Summit Financial Partners as the SFP family, and for good reason. Client gatherings look much more like family reunions then business events. Ryan has been lucky enough to have relationships with some of his clients for close to 20 years. At the core of Summit Financial Partners is a desire to serve their clients. That is achieved by creating a unique situation where clients can get all their financial concerns addressed in one place. The goal in mind was for a client to be able to call one number and address many different areas. SFP has relationships with a CPA, estate planning attorney, insurance agent, Medicare specialist, and many other professionals. By having a team and process in place, this allows clients to enter retirement with peace of mind and relaxation. They know that their financial concerns will be answered when problems arise. The team and structure allow issues to be dealt with quickly and efficiently.
Why does SFP strive to stand out in the retirement planning industry?
What are the different ways that SFP differs from the competition?
What advice does Ryan have for people looking to work with a retirement firm?
Today on Ryan’s retirement rules, Ryan explains how people get taxed on their assets when they live abroad. Many of Ryan’s clients over the years have relocated to foreign countries for their retirement. Some move out of the US because they are looking to enjoy a more comfortable climate. Others are looking for a lower cost of living. And some are going back to countries that they were originally from. Regardless of why these clients decide to live outside of The States, they all face unique tax consequences because of their location. Unfortunately, just because you do not live in the United States does not mean that you are not subject to United States taxes. Many clients ask Ryan If it is still necessary to pay taxes on their assets that are held in United States since they no longer live here. Ryan must break the difficult news and let them know that they are still subject to US taxes.
Do I have to pay taxes on assets held inside of the US, if I live abroad?
Is it possible to avoid paying taxes on my money?
What advice does Ryan have for people looking to decrease their tax liability in retirement?
Ryan is joined by his friends and clients Brian and Deb. They discuss the steps that they are taking to get ready for retirement and what they plan to do during their 30 year vacation.
Ryan sits down with his good friend and client, John L to discuss life, retirement and family.
Ryan received a call from a client today that wanted to know how he avoids burn out with all the hours he puts in at the office. Ryan explains that it is a very valid concern and something that he must work very hard at two avoid. However, his solution to the problem is quite different than what most people would recommend to avoiding burnout. The common approach is a separation of work and home life. When you are at work you work, and when you are at home you focus on the family. But Ryan takes a completely different approach to this theory. Ryan strives to integrate his work life and home life together because with the number of hours that he works, his home life would suffer. That is why Ryan frequently has his two daughters in the office so that he can spend time with them during the day. They know lots of Ryan ‘s clients and have a great relationship with them. Ryan’s daughters will often communicate with Ryan’s clients even when they are not in the office, through text and emails. It is a great joy of Ryan’s to see how Important his clients are to his girls and vice versa. It is never easy to balance work and home, but if you can find a way to integrate the two it will make work and home more productive and fulfilling.
What are some of the biggest obstacles to work life balance?
What are the different ways that Ryan achieves work life balance?
What advice does Ryan have for people looking to integrate their home and business life?
