5 Types of Wealth (Part III)
March 6, 2025
You can’t pour from an empty cup—or a cluttered one. In *The 5 Types of Wealth*, Sahil Bloom’s **Mental Wealth** is about cultivating a mind that’s sharp, calm, and purposeful.
A clear guide to support your desired retirement lifestyle. Get in touch today to talk to one of our experienced retirement plan consultants.
Maintaining financial freedom in retirement is our clients’ most frequently cited goals. Our comprehensive, customized approach can help you enter the next phase of your life with confidence.
With a tailored and comprehensive retirement plan, retirees can benefit from the following:
We look at your overall retirement and financial goals to customize your investment portfolio(s) to help reach your goals.
We analyze your unique income needs and develop your personalized income strategy with guardrails.
We partner with industry professionals that specialize in Medicare and Healthcare planning in retirement.
Our retirement planning services include a thorough assessment of your current financial situation, goals, and dreams. We then create a personalized roadmap that outlines the steps needed to achieve your desired retirement lifestyle.
We optimize your investment options for retirement. Through careful analysis and strategic allocation, we aim to ensure that your income streams are efficiently structured to support your lifestyle needs throughout your retirement years.
As retirement approaches, safeguarding your hard-earned assets becomes paramount. At Perissos Private Wealth Management, we will assess your risk tolerance and implement strategies to mitigate potential financial risks.
Minimizing tax liabilities is essential for preserving your retirement strategy. Our retirement plan consulting team is well-versed in tax-efficient strategies that can help you retain more of your retirement savings.
We’ll assist you in understanding your healthcare options. Furthermore, we’ll help you plan for potential long-term care needs, ensuring you’re prepared for any unforeseen health-related expenses.
We’ll work with you to create a comprehensive estate plan that reflects your wishes and protects your loved ones’ financial future. We’ll help you navigate the intricacies of estate planning and ensure a seamless transfer of assets.
The initial visit is really about getting to know you. What does your ideal retirement look like? What do you value most? Do you want to travel, or do you prefer to stay home and work in your garden? Everyone’s ideal retirement is different, and our goal is to help you clarify yours.
During this visit, you will also learn about our process and the experience you can expect to have if you choose to partner with our retirement plan consultants.
As part of the initial meeting, we will help you clarify your goals. Retirement planning goes further than where to invest money for retirement. We will discuss your short-term needs and long-term wants as we develop your goals that will guide the planning process.
Once we have clarified your goals, we begin the planning process by gathering relevant documents and information. We will provide you with a link to our Financial Planning questionnaire software so you can easily input the financial information we need to begin drafting your plan.
We will draft your Financial/Retirement plan, which will act as your roadmap to reaching your goals. We consider your time horizon, future income needs, and other information unique to you. There’s no single recipe for retirement success or an overall best investment for retirees. We create a holistic and tailored retirement planning experience customized for your unique situation.
The way your retirement investment options are managed is a vital component to reaching your financial goals. We will go over the different investment management strategies and styles to better align your investments with your overall financial plan during this process.
Once we have finalized the Financial/Retirement and Investment Plan, we will work towards implementation. Our retirement planning services guarantee you’re aware of each step of the plan and approve of it before implementation.
We understand that the future is uncertain, and because neither of us has a crystal ball, your financial plan is designed to be fluid. As your life circumstances change, we need to adapt and change your plan as well. We adjust and optimize where to invest your money for retirement.
If you would like us to create a baseline Retirement Plan at NO COST, click the button below and complete our Retirement Planning Questionnaire. The more complete the questionnaire, the more accurate your Retirement Plan will be.
Each individual has a unique set of goals and desires for retirement. Our financial advisors work with you to design your personalized retirement plan. Our retirement planning services are designed to adapt as your circumstances change.
You will work with a CFP (Certified Financial Planner) throughout the retirement planning process. We will help you clarify your goals and vision for retirement in order to properly design the retirement plan for your individual circumstances.
While you are still receiving a paycheck, your retirement accounts enjoy the benefits of growth and steady contributions, also known as Dollar-Cost Averaging. While you are in the accumulation phase of your life, you continuously buy shares throughout the market’s ups and downs. When you retire, you are no longer buying shares; you are selling shares to support your income and lifestyle.
We believe, as you get closer to retirement, your investment philosophy must adapt, and move from a more passive approach to an active approach, focused on wealth preservation and risk management. While a buy and hold approach may have served you well during your accumulation phase, it may not be the best option when you retire and are relying on your investments to supplement your income. A substantial loss to your portfolio in the first few years could have severe consequence on your retirement and standard of living.
The Sequence of Returns during you working years or before you take income has little impact on the overall returns of your portfolio. The chart to the left shows an example of the average return on two portfolios. The left column shows “Mr. Green’s portfolio and the right column shows “Mr. Red’s portfolio. Each start with $1 million in investments, but they experience their annual returns in an inverse order. Mr. Green has high positive returns early on, while Mr. Red experience Low negative returns at the start. Both end with the same dollar amount.
The graph on the left shows the impact that large losses have on a portfolio and the required return needed to breakeven. If your investments lose 30%, it takes a 43% gain to breakeven. If you lose 50%, it takes a 100% gain to breakeven. We call this the Fundamental Law of Percentages.
We aim to achieve consistent growth while minimizing risks, ensuring that your investments align with your aspirations.
Perissos Private Wealth Management, we maximize your after-tax returns and provide you with peace of mind during tax season.
We tailor estate plans to reflect your wishes, protect your loved ones, and potentially minimize estate taxes.
You can’t pour from an empty cup—or a cluttered one. In *The 5 Types of Wealth*, Sahil Bloom’s **Mental Wealth** is about cultivating a mind that’s sharp, calm, and purposeful.
Money might buy a yacht, but it won’t fill it with people you love. In Part 2 of our series on *The 5 Types of Wealth*, Sahil Bloom dives into **Social Wealth**, the richness of relationships that outshines any paycheck.
What if the truest measure of wealth isn’t your bank account, but how you spend your hours? In The 5 Types of Wealth, Sahil Bloom kicks off his transformative framework with Time Wealth, arguing it’s the foundation of a rich life
Small business owners have a unique opportunity to maximize their retirement savings through a Simple IRA or SEP IRA. These retirement plans offer numerous benefits, including tax advantages, flexibility in contributions, and the ability to attract and retain talented employees. Discover why small business owners should seriously consider these retirement options for a secure financial future.
Naming a Charitable Remainder Unitrust (CRUT) or Charitable Remainder Annuity Trust (CRAT) as your IRA beneficiary offers significant tax benefits, supporting charities while providing income to beneficiaries. However, it involves asset loss control and complex setup, possibly conflicting with traditional inheritance goals. Consultation with professionals is advised for alignment with financial strategies.
Qualified Charitable Distributions (QCDs) from IRAs allow individuals 70.5 years or older to donate up to $100,000 tax-free directly to charities, providing financial and philanthropic benefits. This strategy satisfies Required Minimum Distributions, reduces taxable income, and potentially avoids Medicare surcharges, helping retirees optimize their financial planning and philanthropic impact. Tax laws are complex; consulting professionals is advised.
Call us at 405.212.9690 or click the ‘Let’s Talk’ button to send us a message.
Investment advisory services are offered through Perissos Private Wealth Management, an Oklahoma-registered investment advisor. This site is published for residents of the United States only. Investment advisor representatives of Perissos Private Wealth Management may only conduct business with residents of the states and jurisdictions in which they are properly registered. Therefore, a response to a request for information may be delayed until appropriate registration is obtained or exemption from registration is determined. Not all the services referenced on this site are available in every state and through every advisor listed.
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