Experienced financial advisor Darcy Bergen leverages his two decades of experience to manage retirement planning and wealth succession planning for high-net-worth clients. Darcy Bergen is a member of several notable professional organizations, including the Million Dollar Round Table (MDRT).
Throughout the year, MDRT hosts several conferences and events for professionals in the financial services industry. Engage Develop Grow Empower (EDGE) is a conference that provides attendees with the opportunity to learn from one another while networking and developing business relationships.
The EDGE conference also offers a hands-on learning experience in key content areas, such as strategic planning and wealth management. Participants are provided with an individualized schedule based on their learning goals and professional interests.
Attendees engage in group discussions, learn from field experts, and support the long-term development of their peers by participating in accountability groups. The 2018 MDRT EDGE will take place November 7-9 in Boston.
For more than two decades, certified retirement financial advisor and veteran financial planner Darcy Bergen has specialized in providing clients with conservative financial and retirement planning products. Darcy Bergen, president of Bergen Financial Group, also delivers professional advice on his weekly radio program, Smart Money.
More than 50 percent of Americans continue to work part-time after they qualify for early Social Security and Medicare benefits. Depending on the amount of money retirees earn, part-time work may lower Social Security payments.
As of 2018, the income cap for early retirees is just over $17,000 per year. Any income above that amount is deducted from Social Security payments at a ratio of $1 for every $2 earned.
Older workers collecting Social Security must be meticulous about reporting their income to the Social Security Administration. Any overpayment of Social Security funds must be paid back.
The president and founder of Bergen Financial Group, Darcy Bergen possesses over two decades of experience as a financial advisor. Darcy Bergen is also deeply committed to philanthropic work and serves as treasurer for his family’s Kenya-based charity Bergen Mission. The organization is one of many groups working alongside the children-focused nonprofit, Hope for the Nations (HFTN), which works with partner agencies throughout East Africa.
Operating in the poverty-stricken Soweto area of Nairobi, the HFTN affiliate Hope Bright Future Centre has provided education and nutrition programs serving youth since 2002. The center partners with Emanuel Children’s Home, a local orphanage, and relies on volunteers to lead classes, fundraise, and organize school activities.
Over 200 students between the ages of 3 and 15 years old benefit from the center’s programming. Alongside free schooling and after-school programs, the center runs an entrepreneurship curriculum focused on animal husbandry. All students are also provided healthy meals and are cared for by a supportive, qualified staff.
Experienced financial advisor Darcy Bergen serves as president of Bergen Financial Group, with offices in Peoria and Phoenix, Arizona. As a retirement planning advisor, Darcy Bergen advocates for money strategies that reduce risk.
Though market volatility is always a factor in investing, it becomes especially impactful for individuals nearing retirement. Diversifying a portfolio doesn’t go far enough for soon-to-be retirees who may need to rely on the return from their investments to pay for living expenses. Here are some considerations for managing a changeable stock market near retirement:
Historically, the market recovers within 16 quarters. However, selling stock due to fear during low times can result in huge losses. Experts advise following a sensible, individualized plan that considers years until retirement, money needed for living expenses, and the timeframe for the market’s recovery.
Rely on Cash in the Short Term
Experts advise having three to four years of living expenses in highly-liquid assets, such as savings accounts and certificate deposits (CDs). Access to this money can give retirees financial peace of mind and avoid withdrawing money on investments.
Think of the Long Term
Even the lowest-risk investment strategies are subject to inflation and reduced buying power. For this reason, retirees should always have some investment in higher-risk, but higher-return stocks. The ratio of low- to high-risk investments should increase with age. For example, people 55 or younger may put 100 percent of their investment in equities, while those three years or less from retirement age may reduce this to 70 or 80 percent and put the remainder in more stable bonds.
Investment advisory services offered through Horter Investment Management, LLC, a SEC-Registered Investment Advisor. Horter Investment Management does not provide legal or tax advice. Investment Advisor Representatives of Horter Investment Management may only conduct business with residents of the states and jurisdictions in which they are properly registered or exempt from registration requirements. Insurance and annuity products are sold separately through *Insert Name*. Securities transactions for Horter Investment Management clients are placed through TCA by E*TRADE, TD Ameritrade and Nationwide Advisory Solutions.
A resident of Peoria, Arizona, Darcy Bergen, president of Bergen Financial Group, is an experienced financial advisor and investment adviser Representative with Horter Investment Management. Bergen Financial Group offers financial advice to seniors and people approaching retirement. With an emphasis on principal protected money concepts, Bergen Financial Group offers retirement planning products such as fixed annuity options. In its work, the firm moves away from aging retirement planning traditions such as buy and hold which currently takes too long to get back to even, and the modern portfolio theory which is anchored on stocks and bonds moving in close relation, a fete that has not occurred since 2007. Today, Bergen Financial Group takes a more realistic approach to retirement planning, one that is grounded in its fiduciary role to work in clients’ best interests. When a client comes to the firm, they are asked questions about their financial goals, investment timelines, and risk tolerance. Afterward, a plan for allocating assets is created in line with the client's individual needs. This plan covers your entire financial picture including lifetime income streams, insurance, tax efficiencies, and estate planning. Insurance and annuity products are not sold through Horter Investment Management, LLC (“Horter”). Horter does not endorse any annuity or insurance products nor does it guarantee their performance. Owners of these products are subject to the terms and conditions of the policies and contracts of the issuing companies. All product guarantees depend on the insurance company’s financial strength and claims-paying ability.