Sean Pahut, a Financial Consultant with Montana Wealth Management, was Interviewed on Podcast About The Montana Money Mindset

Published on September 29, 2022

Sean Pahut discusses how he develops long-term personal relationships with his clients.

Listen to the interview on the Business Innovators Radio Network:

Pahut said, ” Through the pandemic, about 100,000 people moved to Montana; we noticed that financial professionals in the other state still managed their financial matters. My goal is to develop a relationship with my clients so that the rapport and trust are so high that they see the tremendous financial tools I can offer them to consider. I feel that mitigating risk is a huge need for all of my clients, and where possible, I present asset classes that provide guaranteed income opportunities, such as through annuities.”

Guaranteed income opportunities, also known as “GIAs,” provide retirees with a guaranteed stream of income from annuities that lasts for the rest of their lives. This type of arrangement can be especially beneficial for those who are worried about outliving their retirement savings.

Not all GIAs are alike, however. Some offer more flexibility than others, and it’s essential to understand the features and benefits of each before making a decision. Here’s a look at some things to consider when evaluating different GIA options:

  1. How long does the income stream last?
    Some GIAs only provide income for a set number of years, while others pay for as long as you live. If retirees are worried about running out of money in retirement, a GIA that pays out for life can give them some confidence.
  2. How much income will they receive?
    The amount of income they’ll receive from a GIA depends on several factors, including the size of the initial investment and the performance of the underlying assets. Some GIAs also offer inflation protection, which can help keep purchasing power intact over time.
  3. What are the fees and expenses?
    All investment products come with fees and expenses, and GIAs are no exception. Be sure to compare the fees charged by different providers before deciding.
  4. What are the risks?
    No investment is without risk, and GIAs are no exception. It’s important to understand the risks involved before making a decision.
  5. What are the tax implications?
    The tax treatment of GIAs can vary depending on the product type and how it’s structured. Making the decision to purchase a GIA is an important one. But with careful consideration, it can be a valuable addition to your retirement income plan. Be sure to consult with a tax advisor before making a decision.

About Sean Pahut

Sean earned his degree in finance from Carroll College in Helena, Montana, and holds the series 7, 63, and 66 registrations through LPL Financial and a Montana insurance license. Giving back to the community is important to him. He has been a LT. Governor with Kiwanis previously served on the board of Marias Medical Center and has volunteered as a wrestling and baseball coach. He and his wife have two children and live in Great Falls, where they are active in their children’s school and sports activities.

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Securities and advisory services offered through LPL Financial, a Registered Investment Advisor, Member FINRA/SIPC.  The opinions voiced in this recording are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a decision. All investing involves risk including loss of principal. No strategy assures success or protects against loss. There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk. The economic forecasts set forth in this material may not develop as predicted and there can be no guarantee that strategies promoted will be successful.

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