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The Wealth Defender

A Lesson in Long-Term Strategy and Financial Planning

Updated: Sep 19

Celebrate Bobby Bonilla Day:


In baseball every year, they celebrate Bobby Bonilla Day, which is the day that the player Bobby Bonilla gets paid even though he’s been retired since 2001. (CBS Sports)


Information compiled and provided by The Wealth Defender


His last game was October of 2001, yet he still gets a salary from the Mets of $1,193,24 per year every year until 2035.





In lieu of him taking the full salary when he was playing, he deferred and opted to start taking that salary from 2011 to 2035. It’s looked at as one of the most brilliant moves in sports...


This is what we do at The Wealth Defender

We position today money for all of your tomorrows.


What the Mets and Bobby Bonilla did was nothing more than a deferred annuity. The most ironic part about this whole situation is that the Mets didn’t privately insure this through an insurance company, instead they self-insured, and had some issues with those self-insured investments.


It’s a testament to the power of guaranteed, risk shifting through fixed/guaranteed annuity solutions. For those of us in the insurance/annuity business that are sports fans, dealing with our clients that are sports fans, this is a great example for us to follow. CBS Sports and Fox News have excellent articles on this that we would encourage you to read more on.


The Value of Financial Advice


The financial advice landscape is changing in the information age. Introduction Innovations such as real-time financial product information, social media and super apps have empowered a shift in financial advice.

TREND 1 Changing demographics

As life expectancy increases and wealth is transferred to other generations, there is a need for innovative financial advice to help investors prepare for long-term financial resilience.

TREND 2 Holistic financial well-being

Holistic financial advice has the potential to help individuals achieve financial well-being. As life expectancy increases in much of the world global research indicates many individuals are not prepared financially to retire.

TREND 3 Digitally accessible and hyperpersonalized

Individuals increasingly expect digital accessibility and hyper-personalized advice.

Investors today want instant access to their financial products and accounts. Firms need to consider the entirety of their digital engagement channels and ensure that investors feel they have options to receive advice on demand.

TREND 4 Transparent and fair pricing

Industry dynamics, regulatory reforms and technological advancements are driving a rise in transparent and flexible pricing models. Shifting preferences among individuals of all generations and calls from some policy-makers advocating for transparent, flexible and fair pricing models have driven innovation for business models to offer great choice and control over advisory costs.

TREND 5 Technology innovation

Strategic use of technology is crucial to unlock the potential of financial advice by increasing adviser productivity, reducing costs and improving access. Integrating technology in financial advice can lower operational costs through automation and robo-advisers. Innovations such as these, along with digital platforms, can provide scalability through cloud infrastructure, data analytics and lower operational costs.



At The Wealth Defender we’re gearing up for a better future, for life.


We’re building a diverse adviser team by focusing on development and retention to better reflect and serve our clients. We’re setting actionable targets, measuring progress and training our advisory force on historical barriers to entry for diverse candidates.


We’re innovating marketing and outreach strategies to better resonate with clients.


We aim to empower individuals with the knowledge and strategies needed to make sound financial decisions, ultimately enhancing their financial well-being and helping them achieve their long-term financial goals.




875 North Easton Road, Suite #2

Doylestown, PA 18902

610.633.0202


SPECIAL NOTE:

Withdrawing funds from the cash value of a life insurance policy may have negative effects on the death benefit and other features of the product. Any examples provided are for illustrative purposes only and is not guaranteed. This information is being provided only as a general source of information and is not meant to be legal or tax advice. It is not intended to be the primary basis for financial decisions and should not be construed as advice designed to meet the needs of an individual situation. Please seek the guidance of a professional regarding your specific financial needs. Consult with your tax advisor or attorney regarding specific tax or legal advice



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