The Return on Life – Maximization Program (ROL-MP)
Are You Maximizing Your Return on Life?
Are you getting the most out of life with the money and resources that you have? Have you gotten to the point where you can do what you want, when you want, where you want, and with whom you want? Or is something still holding you back?
As an achiever, you have spent your entire career preparing for a life when you were no longer working or working in a different capacity than what you have been doing before. Then, market crashes and the “Great Recession” robbed you of your savings and confidence. You no longer have time on your side anymore. You need to re-examine your entire financial situation and ensure you can have the best retirement or encore career you’ve always dreamed of.
When it comes to investing, the current standard of return on investment (ROI) can be self-limiting, adding pressure that is counterproductive.
So much of ROI is not within our control. We can diversify investments—always a good strategy—but we cannot control how the markets perform or how global events affect the markets. Just as meteorologists can predict the weather but still be wrong, we can try to predict and plan for market upheavals, but we cannot control them.
It’s important to balance ROI with Return on Life (ROL). ROL is defined as, ‘How well you are doing in living the life you want, with the money you have.”
Many people have reached the point in their lives that they are either ready to officially retire or at least slow down and perhaps work less in their current field. Some may be contemplating re-firing and doing something completely different to stay active.
Whatever the case may be these people who are enjoying life the most are those who are maximizing their Return on Life. They are living the lifestyle they worked hard for and have always dreamed about. These are the types of people we help.
They can do this because they have done the proper planning with our guidance and coaching to make sure everything works – the numbers, the goals, the kids, the lifestyle, the what-if’s, and all the various deviations that life may throw at them along the way.
These people have it – do you? Are you maximizing your Return on Life?
Challenges and Concerns
If you are reading this, then you are probably still uncertain and unsure.
You may have done some work up to this point but still have lots of questions about many things. You may have also received conflicting advice about how to do things. All of this leads you to be uncertain about where to go and what to do next in order to achieve more peace of mind that your next stage in life will be a success.
Some of the main areas that concern you the most probably include the following:
You have worked hard your whole life and have saved up a nice nest egg for retirement. This may include your military pension or company retirement plan, individual retirement accounts, and other savings and investment accounts. You are now at the stage in your life where you want to tap into these assets over time so you will have a steady income stream that provides for you and your family for the rest of your life. How do you successfully go about doing this?
You have invested in the past with the options that have been available to you but didn’t put a whole lot of careful thought into this. You took on more risk as you have been working since you have had time on your side. Now that you are ready to cut back or stop working altogether, how should your existing assets continue to be invested? You realize your investments need to not only continue to grow but they will also need to start generating income for you now that your life is changing. How do you successfully go about doing this?
You planned your estate many years ago but things have changed and now your situation is about to change. You set up wills a long time ago and you designated your spouse to inherit your retirement accounts. You now have kids and perhaps grandkids which make things much more complicated than before. You have heard about the changing estate tax laws but are not up to speed on how these changes may affect your estate. Making sure your estate is up to date and in proper order is very important to you. How do you successfully go about doing this?
Mission Accomplished = Maximizing Your Return on Life (ROL)
You are not alone in worrying about these issues. Many others like you have been thinking about these same things which tend to keep them up at night.
Others have put off this planning altogether putting them even further behind. Instead of worrying, imagine if you had the following emotions and feelings as they pertained to your financial life:
You have a strategy to use upon retirement or in your next stage of life to ensure you will never run out of money in your lifetime. You have a plan in place that will convert your existing assets into income so you and your family will never be short of or in fear of running out. You will know how to maximize your supplemental income including social security or other pensions that you may be entitled to so you get the most money out of these programs over your life. You will know whether or not if insurance based products such as annuities and long term care make sense for you and your family.
You have a strategy to use to ensure your money still grows but also kicks off the income you need when you need it. Your investment assets are now properly allocated so you are not taking on more risk than needed. You now have a strategy to determine when and where to invest as the market and your situation change. Keeping up with the daily fluctuations of the market as well as global economic events that could substantially affect your portfolio is something you no longer have to do – if you even did it in the first place! You are now confident you are invested the right way for your own unique and evolving situation.
Peace of Mind
You have a plan in place to ensure your estate stays current and goes to the right people and places you cherish the most. You now have updated wills along with instructions on how to act on your behalf when it comes to your property and health in the event of your death or disability. You have successfully set up the right instruments to make sure you legally limit the amount of taxes owed on your estate. You have properly titled your retirement accounts to ensure the money will be passed on to your spouse and stretched out over your kids’ lifetimes. You have peace of mind knowing those you care about the most will inherit the portion of your estate that you have designated for them.
Is it possible to achieve this?
Although there are no guarantees (except death and taxes), the short answer is YES.
How you ask?
Welcome to the Return on Life – Maximization Program (ROL-MP)
The Return on Life – Maximization Program (ROL-MP) was designed to give individuals complete confidence and certainty that they are getting the most out of their life – not just financially but in every area important to them.
This program starts from the very beginning where we personally get to know you and your situation. Understanding where you came from, how you got to where you are today, and how you relate to money creates the real program foundation.
The ROL-MP is a long-term program intended to guide you each step of the way towards maximizing your Return on Life and reaching your full potential.
This program is customized for your own unique situation according to your personal issues, insights, and goals. Getting to know your family is included in this program and is a very integral component of everything that we will do together. Even after you have passed on, you can count on your family receiving the same personalized service from us that you would expect from your other trusted life confidants.
The main benefit of the ROL-MP is achieving certainty and peace of mind that you are now on track and capable to do the things you really want to at this stage in your life and have a concrete strategy on how to get there.
Many people plan their whole lives for lots of different things – going on trips, vacations, meals they eat, workout routines, the bills they pay, etc, but ultimately fail to plan for perhaps what could be their biggest life changing event of all – their retirement or encore career. This is where we can help!
When you join the program, you will get the benefit of having expert advice guide you in the right direction towards reaching your financial life goals while maintaining family peace and harmony.
Achieving financial harmony can be a real struggle at times. We have successfully helped our clients plan and achieve their goals while also keeping the family involved in the process along the way.
Reduced worry and less stress is another big benefit of the ROL-MP.
Most people are worried if they can still do the things they had originally planned to do when they first started working. There is so much uncertainty out there in the world right now that what was once a given is now a question mark. Most people like you can’t afford another “Great Recession” as they no longer have time on their side. Planning for these events is another key aspect of this program that should substantially reduce your stress over time.
Having professionals help you control your emotions may be the most important benefit of working in the ROL-MP.
Most individual investors get so wrapped up in their emotions that they tend to do the wrong thing at the wrong time! This “follow the herd” mentality is best avoided by taking a much more disciplined approach to how you invest. Working with us in this program, you will essentially be taking your emotions out of the investment game which should improve your overall long term investment performance.
The ROL-MP is unique in a number of different ways:
The ROL-MP is aimed specifically for these people.
These individuals and their families have very special and unique needs. They need guidance, help and advice on all sorts of issues that can be critical to maximizing their happiness in life and enjoying a satisfying retirement.
You get a trained (CFP® Practitioner) professional working with you in a very personable manner.
We don’t offer you a massive team of people to work with or pass you on to others after the program begins. Instead, we work closely together with you getting to know one another over time. We get a better understanding of where you came from and what you want to accomplish with the resources you have available to you.
You get access to the resources, knowledge, and expertise of a much bigger wealth management firm but with the very personal attention and individual guidance of a much smaller firm.
McHenry Capital is a member of the Family Wealth Advisors Council. This national study group was founded in 1981 and is comprised of 10 firms who share best ideas and practices with one another on a regular basis but maintain separate entities and complete client confidentiality. Being a part of this prestigious group gives us exposure to a much bigger “Think Tank” for finding solutions and delivering world class advice to our clients. Being a smaller firm and FWAC member gives our clients the best of both.
Many retirement programs receive commissions based on the products they put you in. We are never compensated this way as we are strictly fee-only.
Working with us in the program, you never have to worry about how we’re getting paid as it has nothing to do with products or commissions. Our fees are completely transparent and you will always know and understand the fees you pay.
Working with us in this program, you can always be assured that we put your best interest in front of ours at all times.
We operate as a Fiduciary and must adhere to the legal definition of taking on this duty. We are also bound by the CFP Board Code of Ethics which further regulates how we practice while being able to use this professional designation. What all of this really means is we are legally obligated to see that your best interest always comes first!
Financial Life Planning (FLP)
The ROL-MP uses specific online tools to go deeper with you and your family as it relates to your relationship with money.
Most programs don’t go into this kind of detail and only cover the financial data as it pertains to your retirement. Just because something may make sense financially, it does not always mean it is the right thing to do. Through FLP, we are able to factor in extremely important emotional money issues that could affect your situation.
How the Program Works – Six Steps
The ROL-MP works as follow:
Step One – Strategy Session
If you have an interest in the ROL-MP, contact us.
Contact us for an application which we will email to you. In this session, we will get a better understanding of your situation and determine if this program would be a good fit for you. We will capture and build your Return on Life Scorecard. We will better understand what drives you. We will start the process of co-creating your future while also determining if you are on track to achieve all the things you want to do. You will get a thorough explanation of the program, the details involved, participation requirements, and how the process would work for you. If you decide to participate and want to move forward and we agree that it’s a good fit for both of us, we move on to Step Two.
Step Two – Client Kick-Off Meeting
Once you become a new client in the ROL-MP, we will start the program by taking a look at your existing situation in much greater detail.
This step officially kicks off the program and builds on the information received from Step One. We then take a deeper look at your existing life transitions and life goals. We will be doing some specific exercises on retirement and how this can be built the way you want it to. You will receive additional paperwork to keep in Step Two as well as homework assigned to you to complete prior to the next step. The required homework will pertain to the next meeting and must be completed prior to Step Three.
Step Three – Financial Assessment Meeting
This meeting will involve taking a deeper look into your personal financial situation. Based on the information you have filled out, we will be digging deeply into the specific money areas as they impact you and your family.
We will focus on the pressing issues that need to be dealt with in the short term as well as the longer term goals you want to accomplish with the rest of your life. At the end of this meeting, we will typically be transitioning your existing investments into this program as well as setting up new investment accounts as needed. Based on your specific needs and situation, we will be targeting and building an investment model portfolio for you. Additional homework will be given in this meeting to begin the Return on Life Process and must be completed prior to Step Four.
Step Four – Return on Life (ROL) – Part 1 Meeting
This meeting will bring everything together from both a hard data numbers perspective as well as the emotional and softer issues that have been previously discovered for your life situation.
We will build a Retirement Plan based on your current situation to show you where things stand. We will also get you and your family familiar with our wealth management software program. Normally included with this is a Mind Map that will guide the family moving forward and discuss all the issues involved in your plan.
Step Five – Return on Life (ROL) – Part 2 Meeting
After 12 months into the ROL-MP, we will have a meeting where we will go over updates of your ROL categories from the prior meeting.
We will continue to collaborate on these as well as discuss the additional categories in the scorecard that you need help with. We will discuss any changes since you began the program, update your Mind Map, and report on everything including your investments and retirement. We will continue this same process and make plans for the next 12 months and beyond.
Step Six – Quarterly Return on Life (ROL) Package
Clients in the ROL-MP receive a Return on Life (ROL) package.
This will include a number of documents that track your progress in the program. Upon graduating from a new client to a veteran client, we will schedule semi-annual meetings to continue to collaborate on creating plans to maximize your Return on Life.
Is the ROL-MP Right For You?
People who are a good fit for the ROL-MP are achievers who have done well up to this point but who are unsure about the next phase of their life.
They realize they would like to spend more quality time with their family and let go of the day to day control and responsibilities they have had to deal with in their life.
These people want to maximize their happiness and create more certainty that everything is going be okay in this next phase of their life.
They feel a sense of relief knowing they are getting the help they need and addressing the blind spots that they don’t know about. They also appreciate the fact that if anything ever happens to them, their family will be in good hands with a firm who will continue to guide their loved ones moving forward.
Apply for the Return on Life – Maximization Program (ROL-MP)
To be considered for the ROL-MP, please contact Dallas Scoffield at 888-968-9815, Extension 2 or email Dallas Scoffield.
Dallas will send you the requirements for application and will respond to any additional questions you may have at that time. Once your application has been received, we will look it over and get back to you to arrange for an initial get acquainted meeting.
Good luck with your search. We look forward to meeting you!
Where To Next?
Find out more about how we work with clients by clicking on Our Approach