5 High Net Worth Retirement Planning Mistakes…and How to Avoid Them

Wealthy individuals may have a lot of money, but they often lack control over where it is invested – and this can cost them in the long-term.

Are you taking too much risk?

The solution may be an investment that participates in an up market, and at the same time protects you from market losses.

Maxing out retirement contributions? Do you understand the taxation when you take withdrawals?

There are huge tax consequence retirees end up paying each year on withdrawals, because people are taxed at their highest tax bracket in retirement.

Are You Living Life in Alignment with Your Core Values?

What do you value most in life? Is it family? Money? Independence?

These are examples of core values. Your core life values are values that you hold so deep that they form the foundation of the way you live and move and breath. They are the underlying driving force behind how you do your work, how you interact with others, and what strategies you use to get where you need to go in life. Your core values are practices you use (or wish you were using) every day in everything you do. Even though we don’t always do what we wish we would do (for example, eat right and exercise), the core values are there to guide us in the direction that we truly want to go. True satisfaction is when you are living your life according to your core values.

In my online class, entitled “CEO of Your Life” there is an exercise to determine your top core values and evaluate whether they have been present in your life over the past 12 months. In this sample lesson from the course below, you can assess whether your core values have been present or absent in your life over the past 12 months.  Once you see your results, you can then decide whether you want to make any significant changes in your life.

How to Determine Your Core Values

First you examine the values listed below and determine which values are most important to you by ascribing 20 points to the “extremely important” value, 10 points to “important” and 0 points to “least important.”  You enter this number in the IMP (“Important”) column.  You can also add any values at the bottom that are not already listed that are important to you.

Next, determine the level of Presence (PRS) of these values in your life last year. Ascribe 20 points to values which were “very present”, 10 to values that were “somewhat present”, and 0 points to those that were missing altogether.

When you have finished this exercise, reflect a few minutes on what you see.

Summarize Your Findings

The summary below can help identify values important to you which are not being fully met in your life today (Values missing) and values which are being more than met (Values too present).

Place an “x” beside those values where either their being “missing” or “too present” concerns you.

Questions to Ponder:

In the past 12 months, did you live your life in alignment with your core values? How so?

In what ways are you living in conflict with your core values? For example, “Family” vs “Career” is often a common struggle.  

What would you have to change in order to live more in alignment with your core values?

Take the Next Step

If you want a more satisfying life, allow me to help you.  You owe it to yourself to stop surviving and start thriving.

Register now for my online class, entitled “CEO of Your Life” 

 

The class is based on the book “If Your Life Were a Business, Would You Invest In It?by John Eckblad and David Kiel, McGraw-Hill. The program has helped more than 6,000 people in 6 countries. In this class your will discover how to invest your time, money and energy toward a satisfying life. Learn more about this eye-opening, and possibly life-changing course by clicking this link.

Jerry Bergner is a productivity and life satisfaction coach. His company is Integrated Life and Financial Planning.  Jerry has been coaching since 2008.  His sweet spot is working with business owners and salespeople to assist them in focusing on the activities they enjoy and love to engage in while increasing their results and overall satisfaction at the same time.   Contact Jerry to book a consultative strategy session to learn how he can help you work toward your goals.

Creating Tax Efficient Cash Flow

How to structure your withdrawals to be as tax efficient as possible.

Five Weird Questions to Determine Life Purpose

Five Weird Questions to Determine Life Purpose

What’s your life purpose and are you pursuing it? Your true purpose is a “calling” that will most likely reflect your unique set of gifts, talents, abilities, passions, personality traits, and life experiences. It can be a career calling (like motivational speaker or emergency room doctor) or it could be a role you carry out (like the fun mom on the street that always invites the neighborhood kids to dinner).  

When you are in the zone and carrying out your purpose, you feel like your life makes sense and that you are contributing to the world. The problem is that most people have been on the conveyor belt of life for so long, they have forgotten to reflect on what makes them truly feel fulfilled.

Here are five weird questions that will get you closer to discovering your life purpose:

1) What career would your 8-year old self choose for you now?

If you are like most people who have been in the workforce for decades, you may not even realize that you’re doing a career that your 8-year old self would scoff at.  So for fun, go deep back into the head of your 8-year old self and ask:  What career or role in life do you think your 8-year old self would tell you to pursue now?

2) What activities make you forget to eat and go to the bathroom?  

Have you ever been so busy doing something fun that you forgot to eat? Video games, surfing the internet and/or shopping in the mall can pre-occupy us so much that we don’t even notice that it has been 6 hours since our last meal.   

Artists are known to paint all day without interruption. Writers write. Entrepreneurs make plans. What activities can you do for hours at a time that occupy you so much that you forget to eat and you delay going to the bathroom? What do you love about these activities?

3) What embarrassment would you willingly face if you knew success was guaranteed soon afterwards? 

Let’s face it. Trying something new usually brings pretty dismal results at the first get-go. After we have put in our 10,000 hours of practice, however, we are at an acceptable level. So what activity would you tolerate sucking at for a while, if you were guaranteed that you’d be great a short time later?

For example, if I knew that I would one day create a literary master piece, I wouldn’t mind releasing some poorly written stories on the way to glory. 

What activity would you start this week that you can tolerate stinking at in the beginning, knowing that one day soon you will be amazing at?

4) What problem makes your blood boil and drives you to take action?

Where does your passions and ability fit into solving some of the problems you see on T.V. and in your community? Is there a specific cause that gets you upset every time you hear about it? What could you do to make a difference? 

What issue would you love to get your hands on to fix?  Nothing is more rewarding that knowing that your efforts are making a difference in the world and that your life has meaning that extends far beyond yourself. 

5) Where would you go everyday if you were locked out of your house every day for 12 hours? 

Imagine that you are unemployed but still collecting enough money to comfortably meet all your expenses. The only problem is that you are locked out of your house every day, so you have to go somewhere.  Where would you spend your days? Would you go to the gym? The library? The mall? Take an art class? Go back to school?   

What places would give you the greatest joy? What would you do all day? Why are you happy there?

Take the Next Step – Register for my Online Class

 

If you are open to creating more satisfaction in your life, you do not want to miss this class.  

Registrations are now open for the online class, “CEO of Your Life”.  In this class your will discover your values, your purpose and create a strategic plan for the next chapter in your life. Learn more about this eye-opening, and possibly life-changing course by clicking this link.

Jerry Bergner is a productivity and life satisfaction coach. His company is Integrated Life and Financial Planning.  Jerry has been coaching since 2008.  His sweet spot is working with business owners and salespeople to assist them in focusing on the activities they enjoy and love to engage in while increasing their results and overall satisfaction at the same time.   Contact Jerry to book a consultative strategy session to learn how he can help you work toward your goals.

If Your Life Were a Business Would You Invest in It?

Think about that for a second.  If your life were a business would YOU invest in it?

What have you been doing all your life up until this moment?  You have been investing your time, your energy and your money in a business called “Your Life”.

  • How do you feel about your return on investment so far?
  • What activities make you feel like you are using your skills, talents and abilities to their best and most fulfilling ends?
  • Would you like to find ways to include more of these satisfying activities into more of what you do each and every day?
  • Would you like to drop the activities that sap your energy?
  • Would you like to discover your purpose?  Your passion?
  • Do you wonder if you can pursue your purpose and passion AND still pay the bills?
  • Do you think there is really no way to do what you love AND be successful?

My name is Jerry Bergner and I teach a class, offer workshops, coaching and learning plans that teach participants how to create a more satisfying life and how to support that life financially.

Up until this very moment, you have been investing your time, your energy, and your money in a business called “Your Life”.

How do you feel about your return on that investment?

If you are not 100% satisfied with various aspects of your life, career and finances, then perhaps you are interested in attending my online class entitled, “CEO of Your Life.”  Learn more about this eye-opening, and possibly life-changing course by clicking this link.

The CEO of Your Life Program is a guided workshop based on the book by the same title. The program has helped more than 6,000 people in 6 countries. Companies such as Shell Netherlands, ICI (UK), AstraZenaca, Procter & Gamble, and British Petroleum have made Life Business™ a vital element of their management programs.

Whether you want to take on your career, start a new venture, or make more time in your life for the things you love to do, the CEO of Your Life Workshop will help you create a vision and execution plan to guide you there.

Here’s what you can expect to get out of the live workshop:

  • Discover your values and your purpose
  • Create a vision for how you want to live your life
  • Determine what activities create the most energy & satisfaction
  • Learn to say no to distractions and diversions that are not aligned to your values or purpose
  • Identify what you love to do, are really good at and what gives you the greatest joy
  • Determine which ventures you want to start, and which of your current ventures should be put to rest
  • Develop an action plan that can guide you toward a more energetic and satisfying life

Do you want to learn more about the “CEO of Your Life” online course?

Click this link to get more information and register.

Jerry Bergner is a productivity and life satisfaction coach. His company is Integrated Life and Financial Planning.  Jerry has been coaching since 2008.  His sweet spot is working with business owners and salespeople to assist them in focusing on the activities they enjoy and love to engage in while increasing their results and overall satisfaction at the same time.   Contact Jerry to book a consultative strategy session to learn how he can help you work toward your goals.