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2025-01-25
Pete Tychsen, President & Founder of Preservation Financial Group Interviewed on the Influential Entrepreneur Podcast Discussing Having a Retirement Income Plan in Writing 11-22-2024 09:54 PM CET | Business, Economy, Finances, Banking & Insurance Press release from: Getnews / PR Agency: Authority Press Wire Image: https://authoritypresswire.com/wp-content/uploads/2024/11/Headshot-PeteTychsen.jpg Pete Tychsen discusses having a retirement income plan in writing Listen to the interview on the Business Innovators Radio Network: https://businessinnovatorsradio.com/pete-tychsen-president-and-founder-of-preservation-financial-group-discussing-having-a-retirement-income-plan-in-writing/ Pete Tychsen, the president and founder of Preservation Financial Group. They discuss the importance of having a retirement income plan in writing, emphasizing that while knowledge is powerful, it needs to be put into action to be truly effective. Pete shares a compelling analogy about climbing Mount Everest, illustrating that the goal of a retirement plan isn't just about reaching financial milestones, but also about ensuring a safe and secure return to stability in one's financial life. A written retirement income plan is essential for ensuring financial stability throughout retirement, extending beyond merely reaching retirement age. This concept is emphasized in the podcast episode featuring Pete Tychsen, president and founder of Preservation Financial Group. Below are several key points that underscore the significance of having a structured and documented approach to retirement income planning. Many individuals concentrate on accumulating wealth for retirement, but the real challenge lies in effectively distributing that wealth once retirement begins. As Pete Tychsen points out, the goal is not just to reach retirement but to navigate through it successfully. This requires a clear plan that outlines how to draw from various income sources without risking running out of money. A written retirement income plan helps individuals understand their income needs during retirement. It provides a detailed analysis of various income sources, such as Social Security, pensions, and personal savings. By documenting this information, retirees can better assess how much they can withdraw each year while ensuring their funds last throughout their retirement years. A critical aspect of a retirement income plan is assessing risk tolerance. As discussed in the episode, many individuals may not realize how much risk they are taking with their investments as they approach retirement. For instance, Bob and Mary, a couple mentioned in the podcast, were shocked to learn that 74% of their assets were exposed to stock market risk, despite their comfort level being only an 8-10% loss. A written plan allows for a thorough review of investment strategies and helps align them with the retiree's risk tolerance, ensuring they are not overly exposed to market fluctuations. Pete shared: "I take the Boring and the Complex and make it simpler for a more Worry-Free Retirement." The concept of "creating paychecks for life" is central to a successful retirement income plan. This involves determining which accounts to draw from first and how to structure withdrawals to maintain a steady income stream. Without a written plan, retirees may find themselves unsure of how to manage their finances, leading to unnecessary stress and potential financial instability. A retirement income plan is not a one-time task; it requires regular reviews and adjustments. As Pete emphasizes, life circumstances, market conditions, and personal needs can change, making it essential to revisit the plan periodically. This ongoing evaluation ensures that the plan remains relevant and effective in meeting the retiree's financial goals. Ultimately, having a written retirement income plan provides peace of mind. Knowing that there is a structured approach to managing retirement funds allows individuals to focus on enjoying their retirement rather than worrying about financial uncertainties. As Pete states, once a plan is in place and tested, retirees can rest assured that their money will last as long as they need it. Video: https://www.youtube.com/embed/j7tYaTOiy0I?rel=0&modestbranding=0&rel=0&showinfo=1&controls=1&autohide=2&showinfo=0?ecver=2 Video Link: https://www.youtube.com/embed/j7tYaTOiy0I About Pete Tychsen Pete Tychsen is the President and founder of Preservation Financial Group in Tallahassee. Pete has been helping local residents plan their retirement since 1996 and focuses on the areas of IRA/401(k) distribution, tax strategies, asset protection, and income planning. Pete's approach has helped his clients: * Avoid needless taxation on IRAs/ retirement accounts * Protect their principal and create a secure retirement income * Avoid unnecessary risks with their retirement assets * Use Retirement Plans to build a lasting legacy for children and grandchildren Pete regularly conducts seminars on a variety of financial topics to groups including Executives, Educators, Government and State employees - as well as to the general public. Pete is author of Retire Worry-Free: Your Guide to A Simpler, Safer Retirement. Pete is an FSU Alumni and lives in the Tallahassee area with his wife LeAnne and their five children, Andrew, Anna, Arden, Christopher, and Sarah. When not working to help secure the financial future of retirees, Pete enjoys involvement at his church, fishing, hunting, and spending time with his family. Investment advisory services are offered through Gibbs Wealth Management, LLC (Preservation Financial Group), a SEC Registered Investment Advisor. Insurance products and services are offered through Preservation Financial Group. Gibbs Wealth Management, LLC (DBA Preservation Financial Group) and Preservation Financial Group, are unaffiliated companies. Learn more: https://www.PFG12.com [ https://www.pfg12.com/ ] or https://www.preservationfinancialgroup.com [ https://www.preservationfinancialgroup.com/ ] Recent news and interviews: * Pete Tychsen, President and Founder of Preservation Financial Group Interviewed on the Influential Entrepreneur Podcast Discussing a Balanced Retirement Strategy: https://authoritypresswire.com/pete-tychsen-president-and-founder-of-preservation-financial-group-interviewed-on-the-influential-entrepreneur-podcast-discussing-a-balanced-retirement-strategy/ Disclosure : Pete Tychsen, an Investment Advisory Representative (IAR), offers advisory servicesthrough Gibbs Wealth Management (GWM), an SEC registered investment advisor. The firm only transacts business in states where it is properly registered or is excluded or exempted from registration requirements.Preservation Financial GroupandGWM are independent of each other. Insurance products and services are not offered through GWM but are offered and sold independently by Preservation Financial Group, Pete Tychsen, License #A269903 (FL), #3000456732 (AL), #446503 (GA), #2426336 (TN), #402223 (NC, SC, & OR). Media Contact Company Name: Marketing Huddle, LLC Contact Person: Mike Saunders, MBA Email: Send Email [ http://www.universalpressrelease.com/?pr=pete-tychsen-president-founder-of-preservation-financial-group-interviewed-on-the-influential-entrepreneur-podcast-discussing-having-a-retirement-income-plan-in-writing ] Phone: 7202323112 Country: United States Website: https://www.AuthorityPositioningCoach.com This release was published on openPR.bookmaker in cricket

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Sheehy claims grass fire near campaign sign was politically motivated arsonWisconsin faces its first losing season in 23 years and the end of a bowl streak when the Badgers host arch-rival Minnesota on Friday in the annual Big Ten battle for Paul Bunyan's Axe. Minnesota (6-5, 4-4) lost to No. 4 Penn State 26-25. Wisconsin (5-6, 3-5 Big Ten) lost its fourth straight, 44-25, at Nebraska in a game that was not as close as the score. "Well 1890 is the first time we played this football team coming up and this is what it's all about," Minnesota coach P.J. Fleck said of the rivalry. "And you wouldn't want to have it any other way, being able to end the season with one of your biggest rivals. I know our guys will be ready to go, ready to play." Wisconsin has 22 consecutive winning seasons since going 5-7 under Barry Alvarez in 2001, the longest active streak among Power 4 teams. The Badgers also have played in a bowl game in each of the last 22 seasons, the longest active streak in the Big Ten and third-longest in FBS. Wisconsin coach Luke Fickell is more concerned with the rivalry game than the winning season and bowl streaks. "I'm not downplaying it, I'm not saying it's not important, I'm not saying it's another thing that's on our plate," Fickell said Monday. "But when it gets down to this last week, it's about one thing, it's about the rivalry. It's about preparing to play in the most important game of the year." The Gophers have dropped their last two games after winning four in a row. Minnesota averages 26.6 points per game, while allowing 18.5, 15th-best in the country. Max Brosmer has completed 67 percent of his passes for 221 per game with 15 touchdowns and five interceptions. Daniel Jackson is the top target with 69 catches for 802 yards and three scores, and Darius Taylor is the top rusher with 730 yards at 4.8 per carry with nine touchdowns. One week after leading Oregon after three quarters, the Wisconsin defense was shredded for 473 yards and five touchdowns by Nebraska. Braedyn Locke, who took over at quarterback when Tyler Van Dyke suffered an early season-ending knee injury, has thrown at least one interception in eight consecutive games. Locke has completed 56.4 percent of his passes for 180.6 yards per game, with 12 touchdowns and 10 picks. Tawee Walker is the leading rusher with 828 yards at 4.7 per carry with 10 touchdowns. He has failed to reach 60 yards in three of the last four games. Former Wisconsin and NFL standout JJ Watt posted on social media his assessment - and frustration - with the Badgers after the Nebraska game. "Losing happens, it's part of the game. Hearing announcers talk about how much tougher and more physical Nebraska & Iowa are while getting blown out ... that's the issue," Watt wrote on X. "We are Wisconsin. Physicality, running game, great O-Line and great defense. That is our identity." Wisconsin defeated the Gophers 28-14 last after Minnesota had won the previous two meetings. The Badgers have won 7 of the last 10 and lead the storied series 63-62-8. --Field Level MediaIT entrepreneur David Steward is the wealthiest African American man in the nation. According to Forbes , his net worth is at a record $11.4 billion dollars, making him part of the only one percent of Black entrepreneurs or executives on the impressive list. The multi-billionaire has a true “rags to riches” story, but his fight and dedication to technology, family, and all people sets him apart from others in the business. This is the evolution of David L. Steward. A version of this article originally appeared on The Root. 2 / 19 Born Born Steward was born in Chicago, but his family moved to Missouri when he was a child, according to NMSDC . He was raised in the segregated South with his seven siblings. His father worked as a mechanic, janitor, and trash collector to support his family. 3 / 19 College College The Central Missouri University alumnus graduated in 1973 with a Bachelors of Science in business. 4 / 19 Pursuing Sales Pursuing Sales Soon after graduating, the Missouri native pursued a career in sales with Missouri Pacific Railroad, Union Pacific, and FedEx. He was even named salesman of the year at FedEx. 5 / 19 Marriage Marriage Steward and his wife, Thelma, married in 1977. The couple has been married for almost 50 years. 6 / 19 Stepping Into Business Stepping Into Business In 1983, the businessman bought his first business, an auditing company named Transportation Business Specialists, with several loans from local banks across Missouri. 7 / 19 Hard Times Hard Times Steward co-founded World Wide Technology (WWT) in 1990. During the early years of the company, he faced financial hardships, at times forgoing a paycheck and witnessing his car being repossessed from the office parking lot. 8 / 19 Living in the Land of the Free Living in the Land of the Free Despite the setbacks, the 73-year-old billionaire businessman said “The breadth and depth of opportunities we have here [in the U.S.], coupled with a culture that allows you to be all you can be, makes it possible for anyone to be successful,” according to the Horatio Alger Association. 9 / 19 Expansion Expansion WWT soon expanded to offer full-scale technology solutions— “ranging from cloud computing and data analytics to cybersecurity and digital transformation services,” according to Black Engineer. 10 / 19 Big Break Big Break When the company secured contracts with government agencies and Fortune 500 companies, it positioned itself as a trusted technology leader. 11 / 19 Growing to Billions Growing to Billions Now, the company employs over 10,000 people and rakes in over $20 billion in annual revenues and over $6 million in international income. 12 / 19 Steward as an Author Steward as an Author In 2004, Steward penned his first book with the help of author Robert L. Shook. Their book, “Doing Business by the Good Book,” is described as “an indispensable volume that shows how to succeed in business by using the Bible and its lessons as a source of inspiration and guidance,” according to Amazon . 13 / 19 Supporting Sen. Tim Scott Supporting Sen. Tim Scott The billionaire is no stranger to supporting political campaigns. In 2023, Sen. Tim Scott tapped Steward to be the finance chair of Scott’s 2024 presidential campaign, according to CNBC . 14 / 19 Joining Other Organizations Joining Other Organizations He serves on the Executive Committee of Greater St. Louis, Inc. and the boards of National Academy Foundation (NAF), United Way of Greater St. Louis, Concordance Academy, Washington University, Variety the Children’s Charity of St. Louis, Boy Scouts of America and many other organizations. 15 / 19 Honorary Degrees Honorary Degrees Steward holds an Honorary Doctor of Laws from Washington University. He also has an Honorary Doctorates in Humane Letters from several colleges and universities. 16 / 19 Family Family The businessman has two children, Kimberly and David II. Kimberly is an Oscar-nominated film producer, and David II leads Lion Forge Animation, a media company dedicated to diverse storytelling. 17 / 19 Philanthropy Philanthropy The David and Thelma Steward Family Foundation— named after the billionaire and his wife— provides millions in donations to causes related to education, youth development, military families, and underserved communities, according to Black Engineer. 18 / 19 Now Surpassing Robert Smith Now Surpassing Robert Smith This year, Steward beat out Vista Equity Partners founder Robert Smith for the no. 1 spot on Forbes’ Richest Black People list. Smith, who’s net worth comes in at $10.8 billion, ranks no. 88 on Forbes 400 list. Steward comes in at no. 84 19 / 19


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