Registered Representative and Financial Professional
Roger A Silvera is a Registered Representative and Financial Professional with WealthWave/Transamerica Financial Advisors Inc..
Roger provides a fully comprehensive and fun experience in understanding his clients' entire financial life with the end of result of helping them to become more empowered in making sound money decisions. He is dedicated to giving clients a robust opportunity to create a full time career or a part time/parallel career to enhance their lifestyle and also the lifestyle of others through providing a sound financial education for families and business owners.
Roger is the author of best-selling: Cash Slow 2 Cash Flow : Demystifying The World of Personal Finance. He was included in the Forbes Magazine Top 500 Associates for the World Financial Group Momentum Campaign (2016) for helping the most families in Q3 for 2016. Additionally he was named in the Top 10 in Personal Production and Agency Production for 2016 for his firm Wealthwave.
Roger helps clients gain a sense of clarity with their personal financial decisions, thereby helping them to maximize their potential. He shares with them how to avoid unnecessary wealth transfers and how to avoid losses vs just picking the winners. He also helps them increase their income and give them a stronger sense of purpose by giving clients the opportunity to work with him in business as a valued associate of his firm and helping families and businesses to maximize their.
BA, Business Administration, Coe College
Hi, thank you for your question. Just on the surface, those policies can be extremely valuable. I would do a complete review of your policies first so that options can be discussed with you. Those policies can be a part of your long term outlook for retirement.
In regards to how to save - here are the key questions you are going to have to address to ensure you have the desired retirement outlook you are looking for long term:
1. What rate of return do I need on my savings and investments in order to retire at my current standard of living and have my money last to live expectancy?
2. How much do I need to put away on a monthly or annual basis in order to retire at my current standard of living and have my money last to live expectancy?
3. If I didn't change anything I am doing now, how long would I have to work and have my money last to live expectancy?
4. If I didn't change anything I am doing now, what would be my potential lifestyle reduction at retirement in order for my money to last til life expectancy?
If you don't know the answers to these questions, reach out to me and I would be honored to share how these questions affect your overall retirement picture.
Best wishes! - Roger
Hi, thank you for your question. It is very important to understand how your money works. Inherently, there is no advantage to pre-paying your mortgage because you no longer have access to those dollars and you are losing the future value of what those dollars could have earned you.
I'd be happy to do a side by side comparison between the mortgage and doing something else with your dollars that can give you benefits and more money and control over your money as well.
Reach out to me at www.rogersilveraonline.com if you'd like to schedule a consultation.
First and foremost, I would seek the counsel of a fully licensed, fiduciary advisor that can assses the entire landscape of your options.
Yes, I know this can be great to get ideas, however do not under any circumstances make any decisions based on a reply in a chat room.
You have a number of options, but it is best to have a private conversation with someone that can bring value and ideas to the goals and objectives you have.
Hi, great question. If you need the money within the next two years, I would consider liquidity and safety as priorities. You could look at Class C Shares if you are considering a mutual fund investment - those that are designed for short term needs like this. Hope this helps.
Hello - before offering any specific recommendations - you should first sit down with an advisor - not just any advisor, but a Fidicuary Advisor that is required to put your interests first.
From a general point of view, you don't want to take unnecessary risk with those dollars since you mentioned a 10 year time frame of needing the money for a home/wedding.
For general information, there are fund families like American Funds that offer low cost fund choices with solid performance track records. Do your homework first before making any investment decision.
As always, in any investment,, there is no guarantee of any further earnings or growth. Read the prospectus carefully before sending any money.
Hope this helps,
- Roger A. Silvera, LUTCF
Certified Fidicuary Advisor
Transamerica Financial Advisors Inc