“WEALTH BEYOND WALL STREET”

The Roadmap to Wealth and Independence with Peace of Mind

Charles McClure

Charles McClure grew up in South Jamaica Queens, NY, a vibrant and diverse neighborhood known for its immigrant communities. He is the first-generation American in his Jamaican family, proud of his heritage and the rich cultural tapestry of his upbringing.

Charles is deeply connected to his family, which includes his two children, Aliyah and Zakaari, his sister, and both of his parents, who instilled in him strong values of hard work, resilience, and compassion.

One of Charles' fondest childhood memories is spending time with his grandparents - he cherished the opportunity to absorb their wisdom and knowledge on history and life, nurturing a deep sense of loyalty and protection towards his community and demographic.

In his spare time, Charles finds joy in being with his children, coaching and training them in sports, reading to them, and sharing his passion for learning. He also enjoys traveling and planting, finding solace and inspiration in nature.

Family is paramount to Charles, and he believes that trust is the cornerstone of strong relationships. He prioritizes spending quality time with his loved ones and cherishes the bonds they share.

Charles has been recognized for his contributions and accomplishments, including being featured in American Lifestyle Magazine. He is also actively involved in his community, volunteering his time to coach and train youth sports with various organizations. Additionally, he donates to organizations that provide essential hygiene services to the homeless, embodying his commitment to giving back and making a positive impact.

“Successful retirement is defined as a stream of income sufficient to sustain your chosen standard of living.

That standard of living is measured by income not the value of a pile of money.”

The Lump Sum Illusion

"What we need to be focused on is creating an INCOME not just a lump sum."

“There’s a big difference between wealth and income.

Knowing I have a million dollars doesn’t tell me the lifestyle I can enjoy from that million. What we care about is the lifestyle.

So you can forget fund values, income is all that matters. Just knowing how much money you have doesn’t tell you how you can live. You need to know how much you can buy.

The primary concern of the saver remains, what it always has been: Will I have sufficient income in retirement to live comfortably?”

— Robert C. Merton

6 Retirement Risks

Protection Risk

An untimely death or accident can create additional stress and financial pressure on our closest loved ones if we don't plan ahead.

Market Risk

A single 20% or 30% market crash can not only hurt your account balances, but it can cause you to run out of money years sooner.

Tax Risk

CPA and Tax Expert Ed Slott says “Taxes are a larger risk than market crashes.” If you have all your retirement income in qualified plans like IRAs and 401(k)s that require you to pay taxes when you take the money out, you have a huge tax liability.

HEALTH CARE RISK

Statistics show that long term health care costs can be the largest expense in retirement. What have you done to protect your nest egg and your family from being hammered by this expense?

INCOME DEPLETION RISK

Will your nest egg provide enough income to give you the retirement you want, for as long as you live? Most people have no idea.

LONGEVITY RISK

Longevity is the great RISK MULTIPLIER. Do you know how long you will live? Hopefully a long prosperous life. Longer life spans multiply the likelihood of each of these risks happening to you.