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Brought
to you by:
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| McCormick Klessig & Associates
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About Our Firm:
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McCormick-Klessig & Assoc., Ltd. provides individuals, families, small and medium sized businesses with complete coverage of personal and business risks in all product lines: Commercial Personal Life Accidental and Health ( including group products).
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| QUOTES from
the
Masters... |
| On Opportunity |
On Overcoming Obstacles |
| "What
appears to be your biggest problem in life may disguise your greatest opportunity."
-– Brian Tracy
"Out
of clutter, find Simplicity. From discord, find Harmony. In the middle
of difficulty lies Opportunity." --
Albert Einstein
"Opportunity
often comes disguised in the form of misfortune or temporary defeat." --
Napoleon
Hill
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"Difficulties
exist to be surmounted." -- Ralph Waldo
Emerson
"You
may have to fight a battle more than once to win it." -- Margaret Thatcher
"The
marvelous richness of human experience would lose something of rewarding
joy if there were no imitations to overcome. The hilltop hour would not
be half so wonderful if there were no dark valleys to traverse." -- Helen
Keller
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What Is the "Risk of Living Too Long"? |
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How Long Can You Expect
to Live After Retirement?
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Male Life Expectancy
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Female Life Expectancy
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Current
Age
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Life Expectancy
(in years)
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Current
Age
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Life Expectancy
(in years)
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60
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20.64
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60
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24.08
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62
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19.06
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62
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22.47
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|
65
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16.80
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|
65
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20.12
|
|
66
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16.08
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|
66
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19.36
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|
67
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15.37
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|
67
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18.60
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|
68
|
14.68
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|
68
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17.86
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|
69
|
13.99
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|
69
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17.12
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|
70
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13.32
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|
70
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16.40
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|
71
|
12.66
|
|
71
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15.69
|
|
72
|
12.01
|
|
72
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14.99
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|
73
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11.39
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|
73
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14.31
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|
74
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10.78
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|
74
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13.64
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|
75
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10.18
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75
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12.98
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Source: 2001
Commissioners' Standard Ordinary Mortality Table; based on composite data
(combination of smokers, nonsmokers and smoking status unknown); age nearest
birthday
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With
longer life expectancies, however, comes the
increased
risk of outliving your retirement savings.
If You Withdraw Both Principal and
Interest, How Long Will It Take to Exhaust a $250,000 Retirement Savings Fund?
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Rate of
Return
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Amount Withdrawn at the Beginning of
Each Month:
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$2,500
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$5,000
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$7,500
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4%
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121 monthly payments
(10 years, 1 month)
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54 monthly payments
(4 years, 6 months)
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35 monthly payments
(2 years, 11 months)
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8%
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163 monthly payments
(13 years, 7 months)
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60 monthly payments
(5 years)
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37 monthly payments
(3 years, 1 month)
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If we
knew exactly how long we were going to live after retirement, this arrangement
might be satisfactory. The reality, of
course, is that none of us knows how long we will live after retirement. This uncertainty is what makes it so
difficult to avoid the risk of outliving retirement income.
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| MESSAGES
from
the Masters... |
IMAGINATION by James Ray
"Imagination is more important than knowledge" - Albert Einstein
One of the greatest leaders of our time was Walt Disney. Walt's
imagination was unparalleled and the world has benefited immensely as a
result.
Walt was rumored to have required his employees to come in early each
morning, point at their temples and recite, "My imagination creates my
reality."
What is your image-maker creating for your life? Do you consistently
take time to image (imagine) your future, your life, and your results?
Unfortunately, many use their amazing imagination to their own demise.
Consequently, these confused individuals find themselves in misery,
much like Job whose, "Worst fear has come upon them."
Do you pull the reins back on your imagination or do you let it run
powerful and strong like the amazing jungle cat that it is? Do you
allow it to soar over the pull of gravity and glide above the mountains
and valleys in life?
Several years ago I was conducting a seminar in Kansas and I challenged
the participants to let their imaginations fly. One young gentleman
spoke up and told me, "I always expect the worst and then if what I
want doesn't happen I'm not disappointed."
AMAZING!
I asked him, "How often do you get what you really want?" He quickly replied, "Not very often."
I wonder why? You, like me, know the answer.
Let me challenge you to take Walt's advice – let your imagination
create your reality – the reality you truly want. Take time this
week to imagine what you really want and don't worry about how you are
going to do it at this time – just create the image.
Make it big, bold, King Kong sized exciting. It worked for Disney.
When EPCOT opened in Orlando, a reporter said to Walt's nephew, "It's
too bad your uncle Walt wasn't able to see this." The wise nephew
quickly replied, "Wait a second...my uncle Walt DID see this, and that
is the only reason you are seeing it."
Imagine the life that you deserve and make your life magnificent.
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The purpose
of this newsletter
is to provide information of general interest to our clients, potential
clients and other professionals. The information provided is
general
in nature and should not be considered complete information on any
product
or concept described. For more complete information, please
contact
my office at the phone number above.
Quest Capital Stratagies
25231 Paseo de Alicia, Suite 110
Laguana Hills, CA 92653-4615
(800) 527-9989
Member FINRA and SIPC FINRA is located at www.finra.org.
SIPC is located at www.sipc.org.
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