An exclusive retirement planning process developed by ProIncome. It is designed to assist our clients to systematically organize, evaluate, and leverage all financial resources into a retirement income that is predictable, sufficient, and sustainable.
The 1st step is to develop a vision for your retirement years. Make a list of all the things you’ve dreamed about doing and having during your life, but were too busy with work and family to have the time and/or money to make happen. You have spent a lifetime saving for retirement; now decide how you want to spend it.
Retirement planning isn't just about the money, it's also about your bucket list!...
We will take an inventory of all your assets & income resources -- Social Security, pensions, retirement savings, investments, bank accounts, bonds, annuities, life insurance, real estate, etc. We will assemble your Balance Sheet so you will know your Net Worth and be able to track it over time.
This step is about knowing what you have..., where it is..., & how much it's all worth...
The next step is to analyze your investments to assess performance against relevant benchmarks; know what fees you are paying and what value you are receiving in return; determine how your investments will be taxed at distribution & as part of your estate; know what your current asset allocation means relative to stock market risk. This information is critical as you identify and consider financial options and opportunities.
Step 4 is about planning how much income you will need to cover retirement expenses – housing costs, basic living expenses, transportation, and healthcare. In addition to covering these essential retirement costs, you will want to establish a spending plan to cover discretionary expenses related to those things you want to do in retirement – your bucket list!
We will identify and review the risks that can disrupt or devastate your retirement plans & lifestyle
We pinpoint strategies to mitigate these risks to protect your retirement plans & lifestyle.
The 6th and last step is about making certain that things happen the way you want and intend.
You must establish a plan so your money goes to your heirs and not to taxes or nursing homes.
You must also create Advanced Directives so your healthcare and end of life wishes are carried out as you desire.
Mike is a veteran of more than 38 years in the financial services industry, beginning his career as a business broker and home mortgage professional. In 1986 he earned his life, accident, and health insurance license. He is an Investment Advisor Representative, holding a Series 65 Securities License, is a Chartered Financial Consultant, Chartered Tax Advisor, and National Social Security Advisor. In addition, Mike is a Certified Value Builder with training and expertise in working with owners of businesses and professional practices.
During his many years helping people with various mortgage, financial, business, and insurance services, Mike has witnessed changing and often turbulent economic times – from the high-interest rates of the early 1980s to the 2008 financial crisis, right up to helping people financially navigate through the COVID crisis. Mike has real world experience as a business owner, starting Equity One Mortgage, Inc in 1987 and growing it to a 20+ employee company with offices in MA and RI, later selling it to a NJ based lender in 1995. More recently, he founded ProIncome in 2015, now in its 8th year. He has also been active as a real estate investor. His experiences working with people over these many years and varying financial disciplines, makes him uniquely qualified to help his clients navigate today’s uncertain economic environment. Taking into account his diversity of personal and professional experiences, his approach to financial services is simple – “Financial success and security is built on a foundation of planning that starts with understanding and protecting what you have today, so you can build for what you want tomorrow.”
Operating as an independent advisor and fiduciary, Mike is free to act solely in the best interests of his clients. He dedicates much time to understanding his clients’ financial goals and concerns, and has developed an organized and sequential planning process called “6 Steps Retirement” that is designed to both manage and preserve their assets, as well as leverage these assets to help them achieve a retirement
cash flow that is predictable, sufficient, and sustainable.
Mike earned a Bachelor of Arts in Political Science in 1984 from the University of Massachusetts, Amherst, graduating with Cum Laude honors, and has been married 37 years to his wife, Lisa. They reside in Easton, MA where they raised their 3 children.
He is the author of the book “6 Steps to Retirement” and has been active in his community of Easton, MA, including serving as Chair of the Easton Recycling Committee, board member of Foundation for Excellence in Education in Easton, a youth baseball and basketball coach, and founder and past president of the Sunday Morning Softball League.
“We work throughout our lives to attain a certain lifestyle. Some of what we earn along the way goes to establish that lifestyle. The rest we save to maintain that lifestyle throughout our retirement years. As a retirement and business income specialist, I work to help my clients protect and maintain the lifestyle they have spent a lifetime building.”
