Bill Losey

, CFP®, CSA - America's Retirement Strategist®

Official Guide

Retirement & Retirement Planning Expert

Bill Losey

Bill Losey Quick Facts

Main Areas
Retirement, Investing, Baby Boomers, IRA & 401k Rollovers
Best Sellers
Retire in a Weekend!, Retirement Intelligence newsletter
Career Focus
Manages Investment Portfolios For Individuals Nationwide
Affiliation
National Ethics Bureau, Society of Certified Senior Advisors

Bill Losey, CFP®, CSA, America's Retirement Strategist®, is the the author of Retire in a Weekend! The Baby Boomer's Guide to Making Work Optional, Founder of National Retirement Planning Month, and he publishes Retirement Intelligence®, an award-winning weekly newsletter that reaches thousands of subscribers worldwide. Bill is a highly sought-after advisor, retirement authority, thought-leader, author and TV personality because he makes the complicated and mundane topics of investing and retirement fun! (Wanna good laugh right now? Check out his hilarious baby boomer retirement movie. Please allow 30 seconds for it to load). You can read his full bio here.

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Articles by this expert

SelfGrowth articles and saved writing connected to this expert.

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Question: If one has a properly diversified investment portfolio, what percentage do you feel is safe to plan on withdrawing annually so that my account value never decreases? Susan, New Jersey Answer: Susan, as long as you limit your withdrawals to the amount of interest, dividends and capital gains generated, you won’t have to touch your principal and the value of your account won’t decrease. For example, let’s assume you have a $400,000 account value and by the end of the year your balance has increased to $425,000.

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Question: I just inherited $50,000. If I put it in a bank CD, how many years will it take before it’s worth $100,000? Answer: 14.4 years – assuming your interest rate is 5%. In the financial planning world there is something called the “Rule of 72”. It’s a very simple way to compute and ...

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Question: I’m turning 60 next year. While I don’t want to continue working full-time anymore, I don’t have the desire (or nest egg) to retire completely. What do you suggest? Doris, PA Answer: Doris, how about a phased retirement? Instead of working 40 hours per week, talk with your employer about a reduced workload with a corresponding pay cut. The result could be just the answer you’re looking for. Phased retirement is a new phrase being tossed around corporate America in recent years.

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Question: In a recent post you had strategies for strengthening your retirement picture for people in their 50’s and 60’s. What about those of us in our 20’s to 40’s? Maxine, Tenafly, NJ Answer: Maxine, I didn’t mean to leave you and the other youngsters out. Here’s a checklist to get you on track in 2010 as well! 1. If you haven't started already, open an IRA and/or fund a 401k.

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Question: This stock market is nuts! How am I supposed to protect my IRA from losing money when I’ve only got three years until I retire? Joan, NY Answer: Joan, as I mentioned in my last post, a few years before retiring you should begin to accumulate an amount of money that's equivalent to 2-5 years worth of cash withdrawals (based upon your expected income needs).

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Question: I’m trying to decide if an annuity is right for me but I’m confused by all the different types. Can you explain the differences? Geraldine, NJ Answer: Sure Geraldine. An annuity is a contract between you and an insurance company. Your money grows tax-deferred inside an annuity ...

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Retiring from ones employment can be a stressful time but it doesn’t have to be. Realize that it’s natural to be nervous, anxious and/or confused when you’re going through a major life change. Your decision to retire is causing you to step outside your comfort zone and is forcing you to make many new decisions and learn new things. Most importantly, remember that you only get one shot at retirement and you don’t want to make any mistakes. So here are some of the more common mistakes people make when retiring and how you can avoid them. 1.

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Question: This stock market is nuts! How am I supposed to protect my IRA and 401k from losing money when I’ve only got three years until I retire? Bonnie, Ohio Answer: A few years before retiring, if possible, you should begin to accumulate an amount of money that's equivalent to 2-5 years worth of cash withdrawals (based upon your expected income needs). This systematic accumulation of cash is done on purpose so that you have a "safe-money" source to pull from when the balance of your investment portfolio and the stock and bond markets may be declining in value.

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If you talk with 10 different advisors, they’ll all have their own opinion as to what the best way to invest for retirement is. Some prefer actively managed investments. Some prefer passively managed investments. Some like to trade daily while other advisors like me prefer a combination of ...

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Question: As a self-employed empty nester, what advice can you give to starting our retirement nest egg at this late date? My husband and I are both in our early 50’s. We would like something simple that we can contribute small ($50) amounts to at a time. Joy, PA Answer: Joy, I did some digging for you but the challenge was in finding mutual fund families that have low minimums or no minimum investments required that can accommodate beginning investors.

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Confusing doesn’t even begin to describe it. Throughout the very long debate over health care reform, a great deal of misinformation (spurred by presumption or misunderstanding) was circulating. Additionally, many changes and alterations to the proposed law were made along the way. At this point, some of the arguments your friends, neighbors or co-workers continue to debate don’t even factor into the legislation signed by President Obama. So what’s the truth behind the Affordable Health Care for America Act? Q: Will I be forced to change insurance? A: No.

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Editor's Note: The following is an excerpt from Retire in a Weekend! The Baby Boomers’ Guide to Making Work Optional. Catch a sneak peek of the authors DVD, The 10 Biggest Mistakes People Make When Retiring & How YOU Can Avoid Them at www.RetireinaWeekend.com.

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Favorite Quotes & Thoughts from Bill Losey

First, I believe that any sound retirement strategy and investment plan must be tailored to and aligned with the specific needs of each client. Therefore, I spend a tremendous amount of time listening in order to fully understand my clients’ objectives. Then and only then, can I help them match their finances with their visions and goals.

Second, I believe any wealth preservation or wealth building strategy must encompass asset allocation and diversification. The plan should provide solutions and peace of mind, and this is what I strive to help my clients achieve.

Finally, I establish business relationships that are based on the highest levels of trust, integrity and service. When people work with me, they can be assured I know that my success is specifically tied to their success. Seeing my private clients succeed is very important to me, and I take this responsibility seriously.

Get answers here to all your FAQs.

Contacting Bill Losey

PROSPECTIVE CLIENT INQUIRIES: Bill invites you to download his FREE 30 page report, “The 10 Biggest Mistakes People Make When Retiring and How to Avoid Them”, here. To schedule a complimentary, no obligation, exploratory meeting with Bill, please call 1-866-786-2521.

MEDIA INQUIRIES: Bill is the consummate broadcast professional. With over 5000 hours of on-air experience, he knows how to handle himself both behind the mic and in front of the camera. Ever flexible, adaptable and accommodating, Bill is used to working under pressure and meeting deadlines. Have a last minute cancellation? Give us a call! Bill's quick-witted sense of humor and relaxed approach makes him easy to interview and memorable to your audience. Call 1-866-786-2521 or visit Bill online.

How to get started

Stop struggling! When your life savings are at stake, you want advice you can trust and someone you can count on. You need a trusted advisor that is objective; an advisor that is not paid more to sell you one product rather than another. You need a relationship with a firm that promises to always put your interest first, a firm with proven experience and the right professional credentials. To determine if and how I can help you, call 1-866-786-2521 today to schedule an exploratory meeting (via phone or in-person). As an alte ative, you can email me here. There is no charge or obligation. I'm Bill Losey and I want to be your trusted advisor.

Other highlights

Do you have questions and conce s about retirement? Learn more about Bill's Advice & Consulting Services.

Have you lost confidence in your investment advisor? Learn more about Bill's Fee-Only Money Management Services.

Want to get your retirement ducks in a row? Learn more about Bill's Retire In A Weekend Retreat.

Retiring? Leaving your job? Learn more about Bill's IRA Rollover Helpline.