Can you really find me $1,000,000?
The Million Dollar Miner Value Proposition
We’ll find $1,000,000 of additional lifetime wealth…
Without requiring more savings,
Without inflating the rate of return.
Without imposing more risk on our clients
and Without using objectionable products/strategies.
Can you really find me $1,000,000?
The Million Dollar Miner Value Proposition
We’ll find $1,000,000 of additional lifetime wealth…
Without requiring more savings,
Without inflating the rate of return.
Without imposing more risk on our clients
and Without using objectionable products/strategies.
LIVE NOW 'The Million Dollar Miner Value Proposition Masterclass' [Dates: Sep 5th @ 6PM EST]
And here are 3 more promises
1
If we fail – we refund the MDM fee
2
We complete the process in 30-days
(3-meetings)
3
There is no obligation to work with us beyond the initial engagement
And here are 3
more promises
1
If we fail – we refund the MDM fee
2
We complete the process in 30-days
(3-meetings)
3
There is no obligation to work with us beyond the initial engagement
Consider those ‘rules’ for a minute.
We intentionally ‘handcuff’ ourselves to prove that finding your $1,000,000 isn’t a matter of some whiz-bang investing strategy, but rather knowing where the inefficiencies are in your current retirement plan, mining them out , and putting that money back on your pocket rather than the pockets of the Wall Street food chain.
‘Yeah, right!’
That reaction is understandable – believe me - you’re not alone. It’s not every day someone walks up promising to find an extra mill lying around that somehow got missed. But if we failed more than we succeeded, we’d waste a lot of time – ours and our clients. We don’t fail – and we certainly don’t waste anyone’s time; and of course, we return the fee if we don’t chin the bar.
How can that be possible?
If you knew what we know – it wouldn’t seem unrealistic or unbelievable at all. But you don’t, so let’s share some insight into the MDM process. The simple answer is that our initial focus will center on three areas of our clients’ financial lives that are universally overlooked and stunningly undervalued by the mainstream financial advisory community.
Distribution Inefficiency
Most of us will spend our working lives trying to build the
biggest pile of money we can leading up to retirement.
In the process we make deliberate, thought-out decisions about
things like
Our Savings Rate
Our target retirement date/age.
An anticipated growth rate on our money.
$1,000/month
Saving Rate
30
Years Until Retirement
6%
Growth Rate on Savings (est.)
$1,000,000
Projected Retirement Savings
Most of us will spend our working lives trying to build the
biggest pile of money we can leading up to retirement.
In the process we make deliberate, thought-out decisions about
things like
Now here’s the crazy thing.
Whether your pile will be bigger – or - not quite as big - it’s
likely you have no idea how much retirement income your pile
will support – or how reliably it will do so.
You see, there’s a huge difference between the rules and
strategies that we use to ‘accumulate’ money and the rules and
strategies we use to efficiently ‘distribute’ (spend) our money.
Think we’re wrong?
Ask the person who advises you (yourself, if you ‘selfadvised’), these two critically important and revealing questions:
1.How much income will I have in retirement, and
2.Can I be certain that I won’t run out of money?
If you can’t get a satisfactory, precise answer to those two questions, you may have an investment plan, but you don’t have a retirement plan.
Here’s a little retirement reality. Every dime you accumulate will either be SPENT or PASSED-ON. And while many people have specific legacy aspirations that are important to them, few want to fund those at the expense of a sub-optimized retirement.
Yet, most distribution strategies revolve around a withdrawal rate simulation. The most common is Wall Street’s “4% Rule.” It says that if we limit drawdowns from our pile to 4% each year, we’ll have a pretty good chance of not running out of money. But there are some real problems with that ‘rule.’ For example:
It would mean that the annual retirement income on a $1,000,000 nest-egg would be just $40,000 (4% X $1,000,000) – hardly and income befitting a millionaire.
Having a ‘pretty good chance’ of not running out is downright terrifying to most retirees. We wouldn’t get on a plane that had a ‘pretty good chance’ of landing safely! In retirement planning and airplane landings, there are no do-overs.
Even if we draw 4% each year, a decent advisor can earn at least 4% on the undistributed balance each year, which means we’ll NEVER be able to spend the principal we worked hard to accumulate – it will pass on whether that was our intention or not.
You see, to spend it would be to kill off the ‘worker bees’ (the principal) we rely on to provide that income year after year. A ‘withdrawal rate simulation’ strategy simply can’t allow that.
But what if there was a way to draw 6-8% each year instead
– with GUARANTEED CERTAINTY you’ll never run out of money? Two things would happen instantly. Retirement income would double – and we’d sleep much better at night knowing we could never run out of money – no matter what the markets did – and no matter how long we lived. Strategically planning distributions and creating outcomes like this is just one way the Million Dollar Miner process delivers on its promise.
Tax Inefficiency
While it’s more difficult to pinpoint specific tax strategies
due to the uniqueness of each person’s situation, there are a
couple of areas worth mentioning.
In looking for ways to optimize spendable retirement income we
also look for ways to reduce MAGI (Modified Adjusted Gross
Income). This is the calculation that determines the taxability
of Social Security and that drives means-tested Medicare
premiums (also a tax).
If our millionaire drew 4% of their account balance each year, that alone would trigger the taxation of 85% of a couple’s Social Security benefits. If they receive $50,000 a year in combined Social Security benefits, their annual tax bill will be over $10,000 on their Social Security income alone.
That means they’ll likely spend more than $200,000 in unnecessary taxes over their lifetimes. Few understand how to increase spendable income while reducing MAGI, but doing so successfully can have a dramatic impact and is a big win for our client.
In addition, while immeasurable, most people believe future tax rates will be higher. If that happens, the only way a retiree (on a largely fixed income) can absorb the increase, is to take the extra taxes out of their lifestyle money.
And no one wants to reduce their retirement lifestyle just to pay taxes. So we show our clients ways to significantly reduce their exposure to future tax rate increases.
Investing Inefficiency
Now we must be careful here and point out that we’re not talking
about changing investments or advisors.
Remember, our rule set precludes us from changing our client’s rate of growth just to ‘manufacture’ our promised $1,000,000 of improvement. We also can’t subject our client to more risk or require them to invest in things they might find objectionable.
So when we say ‘investing inefficiencies’ we’re talking largely about the fee and commission drain that saps wealth from our client’s retirement accounts. In the example above, our 30-year, $1,000/month saver would have paid $325,000 in investing fees and commissions (at 2% of the annual account balance), just to get to the retirement starting line.
Maybe that was worth it. Our investor did, after all, end up with $1,000,000. But now that they’re in retirement, they’ll
pay another $475,000 in investing fees and commissions over the remainder of their lifetime. That’s more in 20-years of retirement than they paid in 30-years of accumulation.
And for what?
The goal in retirement is to preserve that $1,000,000 and distribute as much of it as possible as income through
retirement. Do we really need to pay the Wall Street food chain nearly half a million dollars more just to protect our money and help us spend it?
Probably not. If we can show you how to shift a good portion of that back into your pocket, Christmas will be better at your house – instead of at your broker’s house.
How much are you paying in annual fees and
investing costs?
Bet you don’t know. The Wall Street pundits (Forbes, Motley Fool, and others) think you’re probably paying between 2% and 5% annually. Even if you knew exactly what you were paying, you’d probably have a very hard time pinpointing exactly what you get for that cost. The MDM process will show clients how to avoid much of the fee drain.
Consider those ‘rules’ for a minute.
We intentionally ‘handcuff’ ourselves to prove that finding your $1,000,000 isn’t a matter of some whiz-bang investing strategy, but rather knowing where the inefficiencies are in your current retirement plan, mining them out , and putting that money back on your pocket rather than the pockets of the Wall Street food chain.
‘Yeah, right!’
That reaction is understandable – believe me - you’re not alone. It’s not every day someone walks up promising to find an extra mill lying around that somehow got missed. But if we failed more than we succeeded, we’d waste a lot of time – ours and our clients. We don’t fail – and we certainly don’t waste anyone’s time; and of course, we return the fee if we don’t chin the bar.
How can that be possible?
If you knew what we know – it wouldn’t seem unrealistic or unbelievable at all. But you don’t, so let’s share some insight into the MDM process. The simple answer is that our initial focus will center on three areas of our clients’ financial lives that are universally overlooked and stunningly undervalued by the mainstream financial advisory community.
Distribution Inefficiency
Most of us will spend our working lives trying to build the biggest pile of money we can leading up to retirement.
In the process we make deliberate, thought-out decisions about things like
Our Savings Rate
Our target retirement date/age.
An anticipated growth rate on our money.
$1,000/month
Saving Rate
30
Years Until Retirement
6%
Growth Rate on Savings (est.)
$1,000,000
Projected Retirement Savings
Most of us will spend our working lives trying to build the biggest pile of money we can leading up to retirement.
In the process we make deliberate, thought-out decisions about things like
Now here’s the crazy thing.
Whether your pile will be bigger – or - not quite as big - it’s likely you have no idea how much retirement income your pile will support – or how reliably it will do so.
You see, there’s a huge difference between the rules and strategies that we use to ‘accumulate’ money and the rules and strategies we use to efficiently ‘distribute’ (spend) our money. Think we’re wrong?
Ask the person who advises you (yourself, if you ‘selfadvised’), these two critically important and revealing questions:
1.How much income will I have in retirement, and
2.Can I be certain that I won’t run out of money?
If you can’t get a satisfactory, precise answer to those two questions, you may have an investment plan, but you don’t have a retirement plan.
Here’s a little retirement reality. Every dime you accumulate will either be SPENT or PASSED-ON. And while many people have specific legacy aspirations that are important to them, few want to fund those at the expense of a sub-optimized retirement.
Yet, most distribution strategies revolve around a withdrawal rate simulation. The most common is Wall Street’s “4% Rule.” It says that if we limit drawdowns from our pile to 4% each year, we’ll have a pretty good chance of not running out of money. But there are some real problems with that ‘rule.’ For example:
It would mean that the annual retirement income on a $1,000,000 nest-egg would be just $40,000 (4% X $1,000,000) – hardly and income befitting a millionaire.
Having a ‘pretty good chance’ of not running out is downright terrifying to most retirees. We wouldn’t get on a plane that had a ‘pretty good chance’ of landing safely! In retirement planning and airplane landings, there are no do-overs.
Even if we draw 4% each year, a decent advisor can earn at least 4% on the undistributed balance each year, which means we’ll NEVER be able to spend the principal we worked hard to accumulate – it will pass on whether that was our intention or not.
You see, to spend it would be to kill off the ‘worker bees’ (the principal) we rely on to provide that income year after year. A ‘withdrawal rate simulation’ strategy simply can’t allow that.
But what if there was a way to draw 6-8% each year instead
– with GUARANTEED CERTAINTY you’ll never run out of money? Two things would happen instantly. Retirement income would double – and we’d sleep much better at night knowing we could never run out of money – no matter what the markets did – and no matter how long we lived. Strategically planning distributions and creating outcomes like this is just one way the Million Dollar Miner process delivers on its promise.
Tax Inefficiency
While it’s more difficult to pinpoint specific tax strategies due to the uniqueness of each person’s situation, there are a couple of areas worth mentioning.
In looking for ways to optimize spendable retirement income we
also look for ways to reduce MAGI (Modified Adjusted Gross
Income). This is the calculation that determines the taxability of Social Security and that drives means-tested Medicare premiums (also a tax).
If our millionaire drew 4% of their account balance each year, that alone would trigger the taxation of 85% of a couple’s Social Security benefits. If they receive $50,000 a year in combined Social Security benefits, their annual tax bill will be over $10,000 on their Social Security income alone.
That means they’ll likely spend more than $200,000 in unnecessary taxes over their lifetimes. Few understand how to increase spendable income while reducing MAGI, but doing so successfully can have a dramatic impact and is a big win for our client.
In addition, while immeasurable, most people believe future tax rates will be higher. If that happens, the only way a retiree (on a largely fixed income) can absorb the increase, is to take the extra taxes out of their lifestyle money.
And no one wants to reduce their retirement lifestyle just to pay taxes. So we show our clients ways to significantly reduce their exposure to future tax rate increases.
Investing Inefficiency
Now we must be careful here and point out that we’re not talking about changing investments or advisors.
Remember, our rule set precludes us from changing our client’s rate of growth just to ‘manufacture’ our promised $1,000,000 of improvement. We also can’t subject our client to more risk or require them to invest in things they might find objectionable.
So when we say ‘investing inefficiencies’ we’re talking largely about the fee and commission drain that saps wealth from our client’s retirement accounts. In the example above, our 30-year, $1,000/month saver would have paid $325,000 in investing fees and commissions (at 2% of the annual account balance), just to get to the retirement starting line.
Maybe that was worth it. Our investor did, after all, end up with $1,000,000. But now that they’re in retirement, they’ll
pay another $475,000 in investing fees and commissions over the remainder of their lifetime. That’s more in 20-years of retirement than they paid in 30-years of accumulation.
And for what?
The goal in retirement is to preserve that $1,000,000 and distribute as much of it as possible as income through
retirement. Do we really need to pay the Wall Street food chain nearly half a million dollars more just to protect our money and help us spend it?
Probably not. If we can show you how to shift a good portion of that back into your pocket, Christmas will be better at your house – instead of at your broker’s house.
How much are you paying in annual fees and investing costs?
Bet you don’t know. The Wall Street pundits (Forbes, Motley Fool, and others) think you’re probably paying between 2% and 5% annually. Even if you knew exactly what you were paying, you’d probably have a very hard time pinpointing exactly what you get for that cost. The MDM process will show clients how to avoid much of the fee drain.
But wait – there’s more!
These are three areas we look at because for us – they’re ‘lowhanging fruit’ and because they typically have large payoffs - $1,000,000 or more, in fact. But our work doesn’t stop there.
We’ll look at other things like business succession/disposition strategies, the best use of home equity, investing loss mitigation, bank interest optimization, legacy planning, protection strategies (assets, income, estate, long-term care), and more.
The point is – while it may seem completely unrealistic that we could uncover $1,000,000 from the money that’s already flowing through a client’s personal economy – it is not – for us. Yes, it’s unique. It’s educational and informative. It’s financially transformative.
In fact, we know of no other firm anywhere that practices what we do or approaches it the way we do. If we’re right (and we usually are), there is a lot to be gained. If we’re wrong, there is nothing to lose. So here’s the bottom line question:
Do you have enough confidence in your current
plan/(advisor) to get a second opinion?
If so, we’re your huckleberry! Book a ‘fit’ call and let’s see if it makes sense to go prospecting together for the gold that’s hidden in the ‘ore’ that is your money!
But wait –
there’s more!
These are three areas we look at because for us – they’re ‘lowhanging fruit’ and because they typically have large payoffs - $1,000,000 or more, in fact. But our work doesn’t stop there.
We’ll look at other things like business succession/disposition strategies, the best use of home equity, investing loss mitigation, bank interest optimization, legacy planning, protection strategies (assets, income, estate, long-term care), and more.
The point is – while it may seem completely unrealistic that we could uncover $1,000,000 from the money that’s already flowing through a client’s personal economy – it is not – for us. Yes, it’s unique. It’s educational and informative. It’s financially transformative.
In fact, we know of no other firm anywhere that practices what we do or approaches it the way we do. If we’re right (and we usually are), there is a lot to be gained. If we’re wrong, there is nothing to lose. So here’s the bottom line question:
Do you have enough confidence in your current
plan/(advisor) to get a second opinion?
If so, we’re your huckleberry! Book a ‘fit’ call and let’s see if it makes sense to go prospecting together for the gold that’s hidden in the ‘ore’ that is your money!
The Million Dollar Miner process is a fee-based engagement. It involves 3-meetings (in person or
virtual) and is designed to be completed in 30 days or less.
It looks deep into the client’s financial plan and situation and attempts to identify and extract
incremental wealth from money already flowing through the client’s personal economy.
The Million Dollar Miner process is a service offered by certain offices and advisors Velomon,
LLC – a holistic financial planning firm maximizing clients’ financial outcomes.