How Does Income Planning Work? Roy Y. Gagaza Weighs In

Ideally, retirees shouldn’t rely solely on their savings to support their lifestyle as they age. Roy Y. Gagaza discusses how income planning works and why it’s not a luxury anymore. 

When Social Security first debuted, it provided a reliable income for people learning to live without a steady paycheck. Today, retirement is complicated by everything from tax brackets to unpredictable inflation. 

Roy Y. Gagaza is a Financial Professional and a big proponent of income planning to combat the uncertainties of the future. He reveals why no one can afford to ignore this strategy. 

The concept of income planning is relatively simple: professionals build their portfolio so they have a certain amount of money available every month. Long before their retirement age rolls around, they’ve already made major strides to set up a thick financial cushion for themselves. 

Implementing income planning can be more complex though. Roy Y. Gagaza notes that the number of avenues available is virtually limitless. Some people will withdraw money solely from their retirement accounts. Others will cobble together income from assets like Social Security, rental properties, or stock dividends. It could mean a part-time job that taps into a hobby a client has had for their entire lives. 

The goal of a Financial Professional  is to ensure that every source of income is as secure as possible. Roy Y. Gagaza has to calculate odds and factor that into forecasts. For instance, if a commercial property with 4 units is expected to be occupied at least 80% of the year, then the numbers will reflect that. 

This is the best way to give retirees a real picture of what their life will look like. It goes beyond the standard advice of amassing $1 million to withdraw between $40,000 – $50,000 a year. When people know what they have and how it will be distributed to them, it’s easier to plan for anything from utilities to vacations. 

When Roy Y. Gagaza considers his clients’ needs, he also thinks about common scenarios that might derail their retirement plans. From medical ailments to education expenses for descendants, people often need more than they think to live out their Golden Years without financial anxiety. The better the income planning, the more prepared they’ll be. 

Roy Y. Gagaza on Exploring the Options

Income planning will depend on a professional’s relationship with risk and their personal lifestyles. Not everyone will want to be a property owner or invest in an industry they know little about. 

It’s why Gagaza has learned to be meticulous about what he suggests to his clients and how he steers them toward a holistic financial strategy that makes sense for them. His goal is to assure his clients they haven’t left a penny on the table. 

Picking up a good book might be more than just a page-turner. It might be profitable too.

Walk into any bookstore, and you’ll surely see entire sections dedicated to personal finance. Selections include self-help, how-tos, and memoirs. Each likely chronicles life-changing results. Yet, these aren’t going to replace your go-to, breezy, toes-in-the-sand beach read. Nor is it going to be as engaging as the latest, white-knuckled, gripping thriller. 

However, Arkhat G. Zhumadilov knows reading is more than just “fundamental.” It’s financial.

In fact, Arkhat Zhumadilov knows that there are several must-reads that can put more money in your pocket. As a financial adviser in Spring, The Woodlands, and Montgomery County in Texas, he has assisted more than 100 people, companies, and organizations throughout the last decade. As an owner of his own firm, Arkhat Zhumadilov is quick to give out advice. However, the most important resource may already be sitting on your shelf.

With this in mind, Arkhat G. Zhumadilov has you “covered.” The seasoned professional recommends four must-reads for first-time financial planners and investors.

You Are a Badass at Making Money: Master the Mindset of Wealth

“You Are a Badass” began as a mantra. It has since grown into a worldwide phenomenon. After releasing her debut book in 2013, Jen Sincero has carved out her own self-help and motivational empire. “You Are a Badass at Making Money: Master the Mindset of Wealth” now applies this philosophy to personal finances. Arkhat Zhumadilov appreciates the advice but values its heart even more. Like her other work, this entry is about facing fears, doubts, insecurities, and the barriers that prevent an individual from succeeding. Filled with personal anecdotes, this title is definitely at the top of the list.

Your Money or Your Life

Financial security isn’t easy. This internationally renowned, bestselling book is a brutal “Sophie’s choice” for readers. But it’s also a no-holds-barred indictment of consumerism. Author Vicki Robin questions traditional revenue streams while challenging readers to break this cycle. Ultimately, she believes that most individuals must first redefine their relationship with money. “Your Money or Your Life” offers a nine-step approach for building better habits.

The One-Page Financial Plan

Fans of simplicity love this title. As the name implies, “The One-Page Financial Plan” attempts to distill money management into one, single-page document. Author and certified planner Carl Richards uses his background to teach readers how to navigate potential pitfalls. Yet, most importantly, his advice is actionable. Following his guidelines, Arkhat G. Zhumadilov believes any reader can finish reading and instantly have a results-based direction for their financial future.

Broke Millennial: Stop Scraping by and Get Your Financial Life Together

If you swipe, scroll, tweet, or TikTok, then Erin Lowry is writing directly to you. “Broke Millennial” definitely caters to a younger audience. The pages are filled with easy-to-follow guides devoted to straightforward, step-by-step instructions for beginners as they embark on their financial journey. Yet you don’t have to be a 20-something to reap the rewards. Arkhat G. Zhumadilov finds the prose very conversational and witty. He especially enjoys the funny personal stories that are sprinkled throughout. Like “You Are A Badass,” this entry is the first in a quickly expanding series.

Before even applying to any job you should understand your skills and creative thinking. Also, every hiring manager in marketing, advertising or any other industry knows what he wants to see in their employees in order to be successful as an organisation. Creativity speaks about your business of making people care about what you do, or sell because without the wisdom of your employees, you will not be able to compete.

The characteristics of being a great leader are about being smart and creative. Whether in the form of a business or an agency, creativity is not always an easy talent to bring out to the people. There should be constant evolution in creative ideas at work to maintain a balanced flow in the ecosystem. Here are 5 ways to renew your team’s creative spark in order to get the best outputs:

1. Be supportive of their creative ideas: Make sure you give them immense support whether you like their idea or sometimes even not because demotivation at any point can lead to the degradation of your team’s effectiveness and growth. It may be difficult for employees to take risks in this stage of their career, but believe us this is the right stage as the risk is where some of the most innovative and successful ideas come from.

• Always appreciate and reward their creativity: A good leader should always encourage your marketing and the creative team by letting them know through appreciation and deserving rewards that you will listen to their ideas, no matter how big or small, as long as they believe in them instead of shooting them down immediately. Therefore, do not leave any good work or that matter any work unnoticed.

• Provide a perfect creative environment: It becomes very messy and stressful when your team just go into too much work but it’s your job as a good leader to create a perfect environment by giving them needed space. You should know more than anyone else how your team’s environment affects your creativity, attitude and how they work. Allow your teams a liquid environment, a flexible workplace, arrange for off-site opportunities and many more. So, that it can boost their creative flow.

• Never try to limit or demean their creative ideas, find ways to create conversation and explain them: Do not limit the extent to which you can combine expertise in the workplace. Encourage a place where everyone, regardless of position, can share their creative ideas and participate in the work to establish a creative balance in the flow.

Conclusion:

So, make sure to inculcate the ways mentioned above in your employees to build a strong team. To learn and grab more knowledge on such topics of company leadership and growth do refer to Bernard Brozek‘s blogs.

Investors are always looking for insight. LTG Trading knows that Wyckoff’s Method may be the edge you need.

But, this isn’t exactly a “secret weapon.” Ever since it was created in the early 1900s, this process has been highly regarded as one of the most practical trading theories. Through observation and data analysis, Richard D. Wyckoff created a technical approach to determining market forces and influences. And it’s all encompassing. In addition to standardizing the average, “composite” investor, his methodology includes two governing rules, three fundamental laws, and a five-step approach. This can be a lot for novice investors.

Fortunately, LTG Trading can help. The Illinois-based firm was established on mentoring and education, focusing specifically on Wyckoff’s Method. While they offer wide-ranging tools and seminars, their brokers break down the method’s three basic laws below.

The law of supply and demand.

Supply and demand drive the direction of pricing in most sectors. Wyckoff’s Method is no different. In fact, it is central to his entire approach to investing and trading. When demand exceeds the available supply, prices increase. In contrast, low demand for a particular stock forces a drop in pricing. It’s all about balance. Prospective traders study volume bars and price action to evaluate changes over time.

Although this principle is seemingly simple, it requires skill to accurately analyze and identify these patterns. It also requires considerable practice. As part of its curriculum, LTG Trading fosters these techniques in its members, helping them predict future market movements.

The law of cause and effect.

Supply and demand is not random. Rather, it’s the result of specific, observable events. Wyckoff’s second law of cause and effect explains this assertion. Periods of trading represent the “cause.” When inventors accumulate assets through buying or distributing holdings by selling, they create a trigger. This is followed by either an uptrend or downtrend, respectively. This is the “effect.”

In essence, the law of cause and effect is the filter for analysts to set pricing targets. This principle enables traders and investors to construct price objectives by gauging potential emerging trends. LTG Trading and others use point-and-figure charting to measure these causes and project the impact of its effect.

The law of effort vs. results

According to this third law, price changes are a direct result of trading volume. In this scenario, trading volume is the effort. There must be harmony between these two forces. If pricing and volume are in balance, the current trend is likely to continue. However, the opposite signals an early warning for savvy investors. Disparities between price and volume represent a reversal of an existing trend. For example, big upward movements that do not result in higher prices mean that traders are selling off positions. A course correction is perhaps on the horizon.

In short, volume, which is described as effort, and pricing, which is the result, must be proportionate. If not, other forces are at play. Use any data and tools at your disposal to detect what may be happening.

You can buy and hold gold to diversify your assets in any economy. Learn several ways to add precious metals to your portfolio, courtesy of industry leaders at Gold Safe Exchange.

In an uncertain economy and rising inflation, it’s important to diversify your saving strategies. As noted by the Gold Safe Exchange website, gold has outperformed the Dow Jones Industrial Average for over a decade. There are several reasons it makes sense to purchase and hold precious metals, including the following.

Owning Precious Metals

“Precious metals like gold are an asset you can expect to maintain or increase in value over time when looking back at 20+ year historical averages,” according to representatives at Gold Safe Exchange. People buy gold because it holds its value and typically increases in value over time.

Gold and silver “stackers” aim to collect as much of these precious metals as possible. This could include bars, rounds and coins. “Stackers” look for precious metals in any form and seek out bargains. Products meant to be stacked include bullion coins such as the Gold Canadian Maple Leaf, Gold American Buffalo, Gold American Eagle, and Gold South African Krugerrand.

Collect Precious Metals

You can also purchase collectible items made of precious metals. Rounds, coins and bars also fall into this category. Collectible coins worth more than their weight include dimes and quarters made before 1965, which consist of 90% silver. Other examples include Morgan and Peace silver dollars and Saint-Gaudens double eagles $20 gold coins. Since collectibles are more valuable than less popular coins, you don’t have to buy as many to grow your wealth.

Gold and silver can be an excellent hedge against inflation.

“Thousands of our clients buy gold and silver to provide protection against the decreasing value of the dollar,” Gold Safe Exchange officials noted.

You can also collect bars and rounds. Many people pay well above spot prices to own particular rounds and bars. Plus, you have the added advantage that even if they become less popular, gold and silver collectibles retain the intrinsic value of their underlying metals. The same is not true of cars, toys, and popular culture collectibles.

Gold Safe Exchange Provides Wealth Diversification

“Markets are cyclical, and history repeats itself. The 2008 crash cut the wealth of most Americans in half,” according to Gold Safe Exchange advisors.

Most fiduciaries who want to maintain credible reputations advise clients to put their accumulated wealth into different baskets. How much gold or silver should your assets contain? This allocation depends on your risk tolerance. You may want to put at least 5% to 10% of your savings into precious metals to offset stocks, exchange-traded funds, and bonds, which are susceptible to volatile fluctuations.

You can even diversify within precious metals, including palladium and platinum, as well as gold and silver bullion, for example.

Stock Precious Metals for Retirement

Did you know that you can include precious metals in your Individual Retirement Account (IRA)? Self-directed, precious metal IRAs can provide a tax shelter. Check with Gold Safe Exchange to learn more about how to open a precious metal IRA. It’s typically pretty easy to get started by opening and funding an account then purchasing precious metals.

Precious metals act as a financial safety net for individuals looking for liquidity and stable value over a long time. Gold and silver bullion, bars and coins, including collectibles, present one option for including these assets in your wealth management plan. You can also include precious metals in your self-directed IRA. So, consider holding these assets as part of your overall personal financial strategy.