Unlike the average advisor, Mitch has a personal and in depth understanding of the Nissan benefit programs as he is still an active participant in the plan. For someone who is an existing or recent Nissan retiree there is a great deal of emphasis on education as outlined below.
In a typical meeting with a Nissan employee and their spouse, if applicable, the following items are covered:
Nissan Employees already in retirement
As many of us can expect to live longer than our parents and grandparents, it is so important to make sure that your investments keep up with inflation. With no inflation increases for a pension plan and very little inflation adjustments from Social Security, the proper growth on investments is critical to a successful retirement. For example. If a family needs $5,000 per month to live on at age 60, by the time they reach age 80, it will take $8,700 per month assuming a 3% inflation rate. Many former Nissan retirees, already in retirement for some time, come to me to review their current portfolios from other firms in the area. Many firms are utilizing in-house or so called proprietary mutual funds and various types of upfront loaded commissioned based investment and insurance products. In virtually every case these products include expensive underlying fees that likely will erode growth and therefore hinder the ability to keep pace with inflation. Our goal is to provide an unbiased evaluation of your existing investment programs and offer recommendations that are always in your best interest and can have a significant impact on the long- term effectiveness of your personal investment program.