Over 90% of financial advisors do not last three years in the industry. Common reasons for quitting include lack of fulfillment, difficulty finding clients and burnout. Financial advisor and retirement planner Brandon Bowen has been in the business for over 15 years.
On this episode of Charleston’s Retirement Coach, Brandon explains what’s different about the approach that he and his team take at Bowen Wealth, which has allowed them to withstand the test of time.
Brandon also shares his recent experience of his daughter being in a car accident and the revelations it gave him on the planning he does for his clients.
Many spend their working years insuring things that are important: Life, Health, Home, Automobiles… Yet so many people Brandon meets have done nothing to insure what may be their biggest asset of all - their RETIREMENT savings!
For many, their biggest financial fears in retirement are:
- Running out of money
- A major market crash
- Long term health care
But they don’t realize the opportunities they might have to insure themselves from these events, which could in turn free them from these fears and worries.
Brandon does point out how insurance options are only a piece of the pie within your overall plan, but can help create:
- Protection from market crashes
- Income streams you won’t outlive, even if your account balance goes to zero
- Income that doubles if a health event prevents you from performing 2 of the 6 Activities of Daily Living.
- Creating a “DIY Pension”
When the next market crash happens, will you be sitting in the passenger seat feeling that all is lost?
Or will you be in the driver’s seat, knowing that you’ve built guardrails around your retirement savings and that you would be ok?
Connect with Brandon and his team at Bowen Wealth to learn ways you may be able to better protect your retirement.
See omnystudio.com/listener for privacy information.
