“WEALTH BEYOND WALL STREET”

The Roadmap to Wealth and Independence with Peace of Mind

Michael Coltharp

Michael Grover Coltharp grew up in South San Francisco, CA in a family of seven. He is the 2 nd oldest of five children with two brothers and two sisters. One of his greatest memories as a child was going on weekend family RV trips. He would always meet new friends in different cities all over the western United States. During the week, he enjoyed playing games in the neighborhood until the sun went down. He grew up in the age of Atari, climbing trees and black and white TV’s with antennas. His first cell phone, as an adult, was a cell phone in a bag.

Michael has five children and loves spending time with the three children who are still around the house. His oldest daughter is an EMT and his only son is an airman in the United States Airforce. Lots of time was spent traveling to cheer, gymnastics and football games. With five children, there was not much time to develop hobbies but traveling with the family is his favorite pastime.

He is a published author with Amazon, “The Million Dollar Bullet.” Because of his teaching and law enforcement background, he wrote a unique book to help firearms owners learn safety responsibility and insurance protections for their families to help them with a financially secure retirement.

Michael believes his purpose is to help others. He has many special experiences helping others in need, but he does not share those experiences with anyone but his family. He loves to teach his children to do the same. He and his wife serve as coaches with the Special Olympics. A service they really enjoy.

“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.