How do I guarantee my income?

November 18, 2011 § Leave a comment

David Reindel of Reindel Advisory Solutions, LLC explains how you can guarantee your income.

1 Allen Street
Mystic, CT 06355

Telephone: 860-245-0633
Toll Free: 800-639-5113
Fax: 203-413-4359


Reindel Heritage Foundation contributes $10,000 to Heavy Hitters

November 18, 2011 § Leave a comment


The Reindel Heritage Foundation contributes to sixteen local charities on a regular basis. Heavy Hitters is a Reindel favorite. In this picture David is presenting a check to cover the cost of a van to transport the boys to and from wrestling/ boxing matches with their team and coaches.

Everyday, 15 million kids leave school with no place to go but the street. Heavy Hitters “On the mat, off the street” program introduces area youth to boxing, wrestling and conditioning. It provides them with the skills they need to compete in a school program. It gets them off the street and into something meaningful where they are supported by good coaches and mentors. The program helps kids “internalize” the value of hard work, perseverance, respect honesty and dignity.

The first step you want to take to secure your retirement

November 18, 2011 § Leave a comment

David Reindel of Reindel Advisory Solutions, LLC explains the first steps in securing income for your retirement.

1 Allen Street
Mystic, CT 06355

Telephone: 860-245-0633
Toll Free: 800-639-5113
Fax: 203-413-4359

Interview with David Reindel: Part 1

April 14, 2011 § Leave a comment

As a retirement planner and author of Don’t Die Broke, David Reindel helps his clients plan for a secure retirement. His successful strategies have allowed many adults approaching retirement age to feel more secure knowing that their money is safely protected and ready to provide income in their golden years.

Question: At what age should one begin planning for retirement?

David Reindel: People need to begin saving for their retirement as soon as they can, because the longer you have, the more money you can put away; however, people can begin saving for retirement at any age, even within 10 or 20 years of retirement.

Question: You make a distinction between saving for retirement and investing for retirement. Can you explain this?

David Reindel: Sure. Investing for retirement means placing money in securities. People do this via many different plans, such as in a 401K, stocks, and mutual funds. I recommend saving rather than investing. In other words, I advise my clients to take the risk out of their retirement savings by putting their money in a vehicle that guarantees it will not lose value.

Question: Why is investing risky?

David Reindel: Risk is a poor security blanket for retirement, and investment involves risk. Many people take the risk because historically, it has yielded returns; however, I think that the economy over the last several years has demonstrated the true volatility of securities. When you put your money into securities, you are investing with the hope that it will make gains. When the stock market plummeted a few years ago, I know of many people who faithfully invested for their retirement and then had to put it off for a few years because the value of those retirement investments fell right along with the stock market.

Question: What is a better option?

David Reindel: I recommend insuring their retirement rather than investing. You insure many things in your life: your home, automobile, and health. You can also insure your retirement money.

Some Advantages of Annuities By David Reindel

April 4, 2011 § Leave a comment

By David Reindel

Financial turbulence has left many investors wondering where to turn for guaranteed stability in their retirement years. While still offering some risk, annuities offer one of the safest choices for any investor. Although they have received considerably less media attention in recent years, annuities are one of the few investment vehicles that did not suffer during the economic recession of 2008. The following are some reasons to consider annuities as part of your retirement plan.

1. One major advantage of annuities is that they are offered by insurance companies, not by banks or financial firms. As such, they face different sets of regulation and a different standard of accountability.

2. Unlike a mutual fund or stocks, an annuity can never lose value. Every cent invested into an annuity will remain available to the annuitant (the policy holder) regardless of large-scale financial conditions.

3. Since annuities provide fixed payouts for the length of an individual’s life, insurance companies can base their annuity payment calculations on these figures on the average lifespan, ensuring that they have sufficient funds to make payouts. While one person might live longer than another, the extra payments are covered by the contributions of some who did not live as long as expected. This makes annuities a very safe choice for insurance companies and, therefore, for investors.

4. Annuities have also been time-tested as safest retirement options. One of the first retirement-income planning vehicles invented, annuities have successfully weathered recessions, depressions, wars, and natural disasters. In fact, there are exactly zero instances of U.S. insurance companies defaulting on annuities. Even if an insurance company goes out of business, state regulators oblige other insurers in the jurisdiction to pick up the defaulting company’s policies, thereby guaranteeing ongoing annuity payments.

5. Annuities also provide tax advantages. Contributions to an annuity are made before taxes have been assessed, reducing an individual’s current taxable income. Most people earn less during retirement, putting them into a lower tax bracket. Therefore, once an individual starts collecting annuity payments, this income is often taxed at a lower level, providing additional savings.

6. Variable-income annuities allow an investor to profit from future bull markets while remaining protected from bear markets. In times of economic growth, variable-income annuities provide larger payments based on the profits of the underlying assets. However, during times of economic collapse, these policies still pay out a minimum amount. Thus, an annuitant can rest assured that he or she will always receive income, no matter the economic climate.

About David Reindel: David Reindel runs Reindel Retirement Solutions, founded in 1998. He is also the author of several successful books on retirement planning.

Retirement Planning Tips, by finance and retirement expert David Reindel

March 21, 2011 § Leave a comment

by David Reindel

1. First, regardless of your age, decide on some retirement goals. Many hope to sustain their standard of living, while others look to raise this standard. The sooner you can define these goals, the easier it will be to achieve them.

2. Prepare for the unexpected. Becoming older brings plenty of surprises, so put money away for unexpected expenses.

3. Learn about any pension or retirement plan that your employer offers. It is up to you to know the stipulations and fine print of these programs. Consult with a retirement or financial planning specialist who can help you understand all the details. If your employer does not offer such benefits, ask them to consider the incorporation of a 401(k) savings plan into your salary contract. A 401(k) is especially beneficial if your employer offers a contribution-matching program.

4. When choosing a 401(k) retirement or investment plan, there are many factors to consider, especially age and risk tolerance. A more conservative investment strategy should minimize losses, but may not yield the same sort of gains as a higher-risk approach. As your retirement date approaches, prepare to move to a lower-risk investment strategy to protect what you have already set aside.

5. Set aside a pre-determined amount for your retirement savings account each month. Automatic transfers from your checking account to your savings account will make this process easy.

6. The amount of money you set aside will depend on when you start saving for retirement. If you start young, the amount can be minimal, but the longer you wait, the more this amount will increase.

7. Don’t be afraid to ask questions, as it is in your best interest to know where your money is going and what it is doing for you. A qualified and knowledgeable retirement expert can guide you through the often-complex world of investing and financial planning.

David Reindel’s Blog

October 25, 2010 § 1 Comment

While advancing his career as a financial and retirement advisor, David Reindel has also maintained a number of professional, charitable, and personal commitments. Through Reindel Retirement Solutions, LLC, David Reindel has worked with hundreds of clients and helped them successfully plan for their retirement. David Reindel is a member of the Greater Mystic Chamber of Commerce, an organization which benefits the community of Mystic, Connecticut, where he lives with his family. Through the Reindel Heritage Foundation and the Reindel Family Foundation and National Endowment programs, David Reindel supports worthy causes such as Heavy Hitters USA, a non-profit that mentors young people from underserved communities. As a member of the Better Business Bureau, David Reindel strives to embody the organization’s ideal of a trustworthy, customer-focused business. Over the last 30 years, David Reindel has forged strong working relationships with clients and affiliates. He has also cultivated a business partnership with Tarkenton Financial Chief Executive Officer Fran Tarkenton; Reindel Retirement Solutions, LLC is the number-one producing affiliate of Tarkenton Financial. Prior to establishing Reindel Retirement Solutions, LLC in 1998, David Reindel gained more than two decades of experience in the field, rising to a successful managerial role within an insurance company. Between 2000 and 2004, David Reindel worked as a broker for Jefferson Pilot Securities Corp., before moving on to similar roles from 2004 to 2007 with NSA Securities Corporation, USA Financial Services Corp., Berthel, Fisher & Company, and KCD Financial, Inc. Since 2008, David Reindel has devoted his time and experience to his clients at Reindel Retirement Solutions, LLC, and he has also ventured into radio to deliver advice, appearing on the air two times a week with a focus on retirement solutions. In addition to his radio shows, David Reindel authored the book Don’t Die Broke and has another work on the way. To meet the increased demand for his knowledge and expertise, David Reindel delivers a number of seminars each year to audiences looking for sound retirement financial guidance. Using case studies from his years in the field, David Reindel helps people understand the constantly changing world of finance and prepare for the future accordingly.