Michal Opp discusses the importance of guaranteed investment income in retirement planning.
Listen to the interview on the Business Innovators Radio Network: https://businessinnovatorsradio.com/interview-with-michael-opp-founder-of-opp-financial-guaranteed-investment-income-to-meet-an-rmd-strategy/
In the podcast episode featuring Michael Opp, the founder of Opp Financial, the importance of a comprehensive guaranteed income strategy for retirees was emphasized. Here are key points from the episode highlighting how such a strategy can protect retirees from market volatility and financial crises:
RMD Strategy and Guaranteed Income: Retirees must take Required Minimum Distributions (RMDs) from their retirement accounts at a certain age.
Market Volatility and Risk Mitigation: How market downturns, can significantly impact retirees’ portfolios. A guaranteed income strategy shields retirees from market volatility, allowing them to rely on stable income streams regardless of market fluctuations.
Avoiding Sequence of Return Risk: The concept of sequence of return risk was highlighted, stressing the importance of not selling investments at a loss during market downturns.
Peace of Mind and Lifestyle Maintenance: By implementing a guaranteed income strategy, retirees can have peace of mind knowing their essential expenses are covered.
Working with a Fiduciary: The episode emphasized the importance of working with a fiduciary to develop and implement a guaranteed income strategy.
Michael Opp explained: “Start with getting a guaranteed income strategy that will cover your bills. It’s going to cover the things that you need in your life. Do what you want with the rest, but give yourself that peace of mind and start working with a fiduciary who will look at all products, all aspects, to make sure that you accomplish your lifestyle goals and needs.”
In conclusion, a comprehensive guaranteed income strategy is essential for retirees to shield themselves from market volatility and financial crises. By securing stable income streams, retirees can navigate retirement confidently, knowing their financial future is protected against market uncertainties.
About Michael Opp
Michael has been working in wealth management for over 25 years. He holds a Series 65 license and Insurance license. As a Fiduciary, he has provided financial services to business owners, families, and individuals. Michael has access to a wide array of financial assets. Enabling him to successfully meet the financial planning needs of his clients while building long-lasting, meaningful relationships with them.
Michael received a B.S. in Business Administration and a minor in Economics in 1992. Michael’s belief in being a well-rounded individual, allowed him to compete in college football and track at the University of Redlands in California. He continued to compete in the track and field circuit until just after the 1996 U.S. Olympic Trials. This experience compelled him to give something back to his community. Michael coached high school, youth football, and track and field for over 17 years. He also has been married to his wife, Tamalynn since 1996. They are proud parents of three children Brady, Lance, and Elena.
Learn More: https://www.oppfinancial.com/