Jeff Brummett, Financial Advisor with Greenline Financial Services, Interviewed on the Influential Entrepreneurs Podcast Discussing Silent Retirement Killers

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Jeff Brummett, Financial Advisor with Greenline Financial Services, Interviewed on the Influential Entrepreneurs Podcast Discussing Silent Retirement Killers

November 25
00:38 2023

Jeff Brummett discusses silent retirement killers: protecting your financial future.

Listen to the interview on the Business Innovators Radio Network: https://businessinnovatorsradio.com/interview-with-jeff-brummett-financial-advisor-with-greenline-financial-services-silent-retirement-killers/ 

The episode delves into the significant impact that touching the money in people’s portfolios can have on long-term performance. Jeff Brummett explains that as people reach the stage of life where they need to start utilizing their retirement funds, market losses become a major concern. Withdrawing money from their accounts involves negative math that can detrimentally affect the overall performance of their portfolios.

Jeff Brummett points out that many individuals are not naturally inclined to understand this concept. He may have always believed that the market would eventually recover, but the crucial difference arises when people begin withdrawing money from their accounts, making losses a much more pressing issue. Jeff Brummett shares that during nationwide webinars, the segment discussing the impact of touching the money often resonates profoundly with listeners, prompting many to seek further conversations.

To illustrate this point, Jeff Brummett presents an example involving the decision to hire a financial advisor. Two scenarios are compared, one where the advisor charges relatively average fees of 1.5% and averages a 23-year return equal to the S&P 500 index, yet resulting in a significant negative impact on the account balance over time, and another where the advisor charges lower fees, gets a lower average return over time, yet leading to a much better net outcome in performance for the portfolio. This example highlights how the need to limit fees associated with financial advisors – especially while having to touch the money for income – can greatly influence portfolio performance.

In the episode, Jeff Brummett discusses how fees can silently erode retirement savings. He emphasizes that fees are frequently overlooked or underestimated by individuals, despite their significant impact on account balances and the longevity of the money. Mike Saunders and Jeff Brummett explain that many people are accustomed to paying fees and may not fully grasp how these fees can negatively affect their retirement savings.

Mike Saunders and Jeff Brummett stress the importance of fee awareness and taking action to minimize them. They suggest that individuals should ensure their money with an advisor is in an account with minimal fees. They emphasize that fees can make a substantial difference in the long run, as their negative impact accumulates year after year.

Jeff Brummett provides an example to illustrate the impact of fees on retirement savings, highlighting that a 1.5% fee over a certain period can cost over $700,000. This example underscores the significant financial loss that can occur due to fees.

Jeff shared: “My team and I take the time to educate each client as to how the game is played. We customize that educational process to fit your individual goals, concerns, and financial capacity. No smoke and mirrors. Only hard facts and proven financial strategies have weathered even the most volatile of hard times.”

About Jeff Brummett

Jeff is an Amazon #1 best-selling author, past two-time Inc. 500 Company president, public speaker, popular radio talk show host, and a 25-year executive management and entrepreneurial leader. He is one of the most prolific and sought-after financial public speakers for tax-efficient retirement planning.

“My team and I take the time to educate each client as to how the game is played. We customize that educational process to fit your individual goals, concerns, and financial capacity. No smoke and mirrors. Only hard facts and proven financial strategies have weathered even the most volatile of hard times.”

Learn More: https://www.greenlinefinancialservices.com/

Recent news and interviews:

  • Jeff Brummett discusses  Subtle risks to success in retirement:

https://authoritypresswire.com/jeff-brummett-financial-advisor-with-greenline-financial-services-interviewed-on-the-influential-entrepreneurs-podcast-discussing-subtle-risks-to-success-in-retirement/ 

  • Jeff Brummett Discusses inflation and the Fed rate hikes:

https://authoritypresswire.com/jeff-brummett-financial-advisor-with-greenline-financial-services-interviewed-on-the-influential-entrepreneurs-podcast-discussing-inflation-and-the-fed-rate-hikes/

Media Contact
Company Name: Marketing Huddle, LLC
Contact Person: Mike Saunders, MBA
Email: Send Email
Phone: 7202323112
Country: United States
Website: https://www.AuthorityPositioningCoach.com

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