John Labunski is an avid believer in the services andresources that the Society of Financial Service Professionals provides to itsmembers. He immensely enjoys mentoring young people in finance andentrepreneurship, and he recommends that anyone who wishes to deepen theirknowledge and network become a member of FSP today. John Labunski is the highlyrespected founder of LWA Fund Advisors.
Financial Services Professionals (FSP) is an upstanding organization that devotes itself to ensuring that financial professionals receive the necessary tools and resources to serve their clients in a manner that is empowering and even life-changing. John Labunski, a prominent financial advisor who founded his own company, LWA Fund Advisors, and serves as a founding partner of Lincoln Wealth Strategies, is a proud member of FSP. He deeply believes in the organization as a fantastic educational tool that furthers knowledge, brings like-minded people together, and provides opportunities for people to deepen and grow in their careers. He is particularly proud to be a member of an organization that clearly provides an open and nurturing community for people of all backgrounds and walks of life. He believes that it is incredibly important to understand your clients as whole people and recognize that these various life paths weave the tapestry of our society. He is thrilled to share the organization’s diversity statement, which is as follows:
“The Society of Financial Service Professionals is committed to creating and nurturing a diverse community for financial service professionals. We recognize that diversity of age, gender, ethnicity, and practice specialty will strengthen our ability to honor our core values of educations, ethics, and relationships.
Through its Diversity Advisory Group, the Society of FSP is identifying strategies and adopting policies to support the growing diversity of our membership. Benefit offerings, relationship-building, and leadership opportunities are developed with the objective of fostering inclusiveness and to help each individual member understand and meet the needs of the diverse clients they have.”
In general, the majority of professionals do not claim to have their dream job. In many cases, this stems from numerous people simply not knowing what their dream job is, unsure of how their talents and skill sets can manifest a position that brings the utmost personal happiness and job satisfaction. John Labunski, a celebrated financial radio talk show host and entrepreneur, is beyond thrilled to have found his true calling in life, helping people plan for their retirement with safety and as little risk as humanly possible. He enjoys knowing that he is actively helping people build a solid foundation for their futures, and he recommends to all professionals who haven’t yet found their dream job to consider the following:
- Think about who your greatest professional role models are, and identify what it is that has made them so successful. Think deeply about how they function in their profession, how they view themselves in their line of work, and begin to think of yourself in this light. How can you follow their example?
- Discover what it is that you truly love and think about how that translates into a career. Are you working a desk job, but you are ultimately passionate about photography? Backpacking? Music? It’s not always possible to simply take photos, backpack across the country, or perform live and still make ends meet. Therefore, you must figure out a framework for your passions to thrive in a way that will ensure a paycheck each month. Work as a newspaper photographer, as a backpacking instructor and wilderness guide, or at a music production company, for example.
- At all costs, don’t let go of your dream. Do whatever it takes, even if it means living with less until you can figure out a successful plan to make your professional dreams come true.
Planning for your retirement is not something you should neglect. If you want to have a comfortable retirement, you should start planning as early as possible. People choose the assistance of a financial planner so that they know exactly if, and when they can retire. However, there are some mistakes that most people make when planning for their retirement. Here’s what you should avoid doing.
One of the first things you need to decide is how much income you need to maintain your current lifestyle when you retire. Most people don’t know, or they make inaccurate assumptions without taking into account inflation and other factors. If the amount you need to maintain your current lifestyle during your retirement is too much, it means you will have to make adjustments to your retirement plan. On average, you will need about 80% of your current annual income for your retirement. Most people have no clue of how much they will need for their retirement. Do not leave anything to chance, make accurate calculations of how much you will need to sustain your lifestyle during retirement.
Higher Healthcare Costs
Another area that is overlooked is the higher health care costs you will have to bear during your retirement years. When you are planning your retirement, you will need to add these costs to your plan. Overlooking healthcare costs could leave you strapped for cash when you need it the most.
Long-Term Care Plan
Caring for an elderly parent takes a toll on their loved one and their savings. The US Department of Health states, “About 70% of people aged 65 and above will require care at some point in their lives.” It is vital to take long-term care into consideration and include it in your retirement plan.
John Labunski is the founder of LWA Fund Advisors, LLC. He is also a former executive for such prestigious corporations as P&H and Goldman Sachs. Labunski and iconic radio personality Michelle Wright currently co-host the popular Wealth911.com talk radio program.
Choosing the right financial planner is important if you want the right advice in managing your wealth and assets. Financial planners can advise clients on how to invest, save and see their investments grow. However, you should not mistake stockbrokers for financial planners. The first thing to look for in a financial planner is the CFP (Certified Financial Planner) sign. Financial planners with a CFP have passed a strict test conducted by the Certified Financial Planner Board of Standards. Here are a couple of things to look for in a financial planner.
CFP and Recommendation
Of course, the first thing to look for is a certified financial planner as it is a sure sign of credibility. However, to be on the safe side, it is best to ask friends or colleagues for recommendations. It’s best to go with a financial planner your friends or colleagues have worked with in the past. You might want to consult several financial planners before deciding on who to hire. Most financial planners will offer a free consultation.
Choose a financial planner who has relevant experience. If you are looking for someone to assist you in offshore investments, then make sure the financial planner you choose has experience in that area. It would be futile to hire a financial planner who has no experience in offshore investment and asset protection.
Financial planners can either be fee-based or commission based. If you are just starting out and do not have too many assets, you might want to go with a financial planner who charges by the hour. Financial planners who charge by the hour are building on their practice, which means that they will pay more attention to your needs. This is because they need your recommendation to grow their business.
When choosing a financial planner, look for fiduciary. The planner should pledge to work in the client’s best interest at all times, and not have his hidden agenda.
John Labunski is CEO and President of Lincoln Wealth Strategies, a firm dedicated to aiding clients safeguard and grow their investments. He has enjoyed success in executive management positions throughout his career. He also enjoys success as the founder of Lincoln Wealth Advisors LLC and LWA Fund Advisors LLC.
By beginning to plan for retirement in your early twenties, you are already paving the way for a successful future. Many young people are unaware of the fact that saving whatever you can, even if it’s a mere 5% of your monthly income, can grow over time. The simple act of putting away a little each month enforces the habit, and as you continue to get older, the percentage of what you put away will increase. But for now, beginning to save for your retirement fund has the potential to make all the difference as you move through your career.
John Labunski, a highly respected conservative radio talk show host for 911 Wealth and Retirement Wealth Radio, has had a long history of success in his career. He attributes a great deal of his personal success to the fact that he began saving as a young man in his twenties. He recommends that young twenty-something adults begin to plan their retirement by considering the following:
1. Decide on a set amount of money each month to put away. In your early 20’s, 10% is an agreed excellent savings amount unless you can afford more.
2. Take advantage of 401(k) offerings from your employer. Don’t wait to be automatically enrolled, and always contribute as much as your employer will match.
3. As a young person, put any additional savings into a Roth IRA. Roth IRA withdrawals are tax-free if you wait to withdraw until retirement age. As you become older and become interested in seeking out additional investment plans, meet with a financial advisor to ensure that your savings and accumulated wealth will be protected at all costs.
It can be easy to forget that in some parts of the world, millions of children do not have adequate access to the resources that they need to grow into happy, healthy adults. Through no fault of their own, they are at much higher risk of not receiving an adequate education or even enough food to survive. By sponsoring a child through one of the numerous nonprofit organizations that seek to better the lives of children across the world, you will know that you are making the world a brighter place for a child in need.
John Labunski, a respected and lauded Safe Money radio talk show host based in Plano, Texas, is proud to sponsor two children in Haiti and hopes to sponsor two new children each year until they are secure in their careers. He sponsors these children through Save the Children, and he recommends that anyone who has the financial means to do so consider sponsoring a child in need for the following reasons.
1. Sponsored children will receive benefits and resources that help fulfill their need and right to an education. Too many children simply don’t have access or are learning in poor conditions, and this is one way that you can help.
2. With your sponsorship, both children and their mothers will have access to health and nutrition services that can be lifesaving.
3. Sponsored children will, from early childhood through adolescence, receive developmentally appropriate information and resources regarding health, education, civic engagement, and far more.