President’s Message – November 2014


The headline on the front cover of the October 2014 issue of the Journal of Financial Planning highlights that it was 20 years ago that Bill Bengen published the article that has come to be known as the “4% Rule”. He determined that a 4% withdrawal rate on retirement funds was “sustainable and safe”. A lot has been written since then both for and against the 4% rule. It is just one of the many options financial planners can use to help clients determine sustainable retirement income generation. Today planners need to take into account multiple other options – optimizing social security retirement benefits, pensions, long term care, single premium immediate annuities (SPIAs), and reverse mortgages.

Which brings me to our next and last lunch meeting for this fall. Please plan on attending Tuesday, November 18th, from noon to 1:30pm at the Arid Club.

Speaker: Curtis Mangus

Topic: Reverse Mortgages

Sponsor: Curtis Mangus


Some areas he will be covering include required HECM counseling, loan criteria, fees and costs, disbursement options, and case studies for retirement planning. Please RSVP to Lisa Fyan at or call her at 208-672-1379 and please consider inviting a colleague!

Don’t forget our annual hockey night will be December 3rd. If you would like to attend please let Lisa know the number of tickets you would like to reserve. Tickets are available to guests as well!

As always if you have suggestions for sponsors or speakers or want to discuss ways we can increase the value of your membership, please let me know.

Steve Stech, CFP®


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