Your Unique Solution
At Bountiful Investment Management LLC, we believe knowledge is the foundation for making smart financial decisions. We break down the following financial elements in easy-to-understand language to help you craft your unique retirement solution.
The Three Worlds of Money
In the financial world, your money can typically be invested in three common places: a bank, the securities market or an insurance company. In our opinion, the three worlds of money for retirement planning are banks, markets, and insurance.
We believe all three of these worlds are typically part of an effective retirement plan. They all have different distribution considerations and mechanisms. Each of the three worlds serves a specific purpose when it comes to a plan for retirement.
When we say bank, we are talking about the entire federal financial institution, not just your local retail bank or credit union that you can walk into. The entire federal banking system governs interest rates and determines how cash flows to and from your local retail bank, which can also affect how you use your cash in your personal checking or savings accounts. These depository products are typically insured by the FDIC up to certain limits and circumstances; there is not a similar insurance for investments in the market or insurance products.
When we say market, we are talking about all of the investment or securities exchanges that allow you to buy or sell investments, which are subject to market risk, including complete loss of principal invested. The securities market includes, but is not limited, to stocks, preferred stocks, bonds, mutual funds, exchange-traded funds, debentures, notes, options, commodities, real estate investment trusts, unit investment trusts, closed-end funds, open-end funds, and American depository receipts, not to mention most investments with the employer-based retirement account (such as 401(k) plans or other employer retirement plans.
When we say insurance, we are talking about certain insurance products such as annuities and life insurance that are designed primarily to distribute income or protect against loss of principal of some type. The guarantees in the fixed indexed annuity products are based solely on the financial strength of the individual issuing company.
Please understand that Bountiful Investment Management LLC is not an insurance producer and cannot offer insurance products. This webpage is not advice or a recommendation about whether you should utilize insurance or an annuity as part of your retirement planning. You should consult with an insurance producer for specific information about the advantages and disadvantages of annuities during retirement.
Cash Flow
Personal cash flow management creates a balance between your cash inflow and cash outflow within our retirement income planning system. It affects how your money interacts with the bank, market and insurance by organizing it into three places: daily, emergency and storage.
We believe that the three worlds of money — aka, the bank, the market, and the insurance — are three different asset types that work together to compose or fit into the income cash flow model, which makes up your entire income after you have retired. Remember, income is not a one size fits all. It is not one layer of protection. Income typically involves three distinct forms, and their characteristics are unique regarding predictability, flexibility and risk.
It’s important to understand these three asset types before you start budgeting for your future. Since we believe that these are the primary financial areas that can help you get a grasp on where your money exactly is, they can help you categorize the cash that you’ve been saving up for future use or retirement.
The Four Pillars of Retirement
Are you missing one of the key pillars of a successful retirement?
Unlike the weekly salary you had when you were employed, most retirement income gets paid monthly. We can help you analyze and develop a plan for retirement income with the goal of meeting your unique needs.
Without proper planning, taxes can take a big bite out of your retirement income. We’ll help organize your sources of income, so you can work with your accountant in order to avoid paying more than your fair share in taxes.
In addition to understanding your health care options, we'll help you plan for future health care costs.
Legacy planning is so much more than just the houses, cars or money you leave behind. We’ll help you organize your assets and prized possessions so that you can work with your estate planning attorney to ensure they are distributed according to your values and wishes after you’ve passed away.
Stages of Retirement
Your retirement can be five phases:
Pre-Retirement: Creating your retirement plan while you are still in the workforce.
Retirement Vacation: The initial transition period where retirees discover what their new lifestyle is going to look like.
Active retirement, living the stereotypical retirement dream.
Stable retirement as life starts falling into patterns.
Limited retirement as time and age slow down your activities and abilities.
With knowledge comes transparency. Our goal is to help you understand how all of these elements work together within your investment plan and empower you to take control of your financial future.
Refer a Friend
Do you know someone who could benefit from the same financial confidence you’ve achieved using our services? If so, we would love to connect with them.
We’re always looking to help people just like you become great retirees!
Employment
Bountiful Investment Management LLC is an equal opportunity employer with a team of many professionals with different backgrounds who are dedicated to our mission: To help great people enjoy their lives and their retirement rather than worry about their money. Our team of financial professionals works together to ensure the best experience for our clients. A day working in the Bountiful Investment Management LLC office will include enjoying morning coffee with your co-workers, catching each other up on appointments and assignments, as well as providing stellar customer service to our clients. Financial and retirement planning should be done with someone you trust, so relationship building is a huge part of what we do, whether it is with our clients, in the office or the greater community.
If Bountiful Investment Management LCC’s mission, values and culture sound like something you can get behind, we want you on our team. Salaries at Bountiful Investment Management LLC range from $15 per hour to $270,000 a year in all departments.
Want to learn more?
To speak to someone in our office for more information, or to book an appointment, call us at 401.305.2626.