Bob Chitrathorn Renews Membership with the Financial Services Institute

Published on January 18, 2024

Corona, Ca – Local financial advisor Bob Chitrathorn, of Wealth Planning by Bob Chitrathorn of Simplified Wealth Management, today announced he has renewed membership with the Financial Services Institute (FSI) in Washington, D.C. FSI advocates for Main Street Americans’ access to objective, affordable financial advice, delivered by a growing network of over 37,000 independent financial advisor members.

“I am proud to renew my membership with FSI, an organization that works hard every day, to protect my clients’ access to quality financial advice,” said Bob Chitrathorn. “FSI helps educate elected officials and regulators on what Americans need from financial advisors and how the industry works with clients to secure their financial futures. They also help ensure that I can continue to offer my clients the advice they need.”

“We are very pleased to have Bob Chitrathorn renew their membership,” said FSI President & CEO Dale E. Brown. “Our advocacy is only as effective as our engaged members. And conscientious advisors like Bob Chitrathorn help bring real-life experience to our efforts. We plan to continue to work closely with Bob Chitrathorn as we advocate for independent financial advisors and the hard-working clients they serve.”

Bob Chitrathorn’s practice offers many services to help take planning to the next level. He has been an independent advisor for 19 years and is affiliated with LPL. Bob Chitrathorn is also active as a Forbes Finance Council Member

More information on Bob Chitrathorn’s practice can be found at www.planwithbob.com

About the Financial Services Institute (FSI): The Financial Services Institute (FSI) is an organization advocating solely on behalf of independent financial advisors and independent financial services firms. Since 2004, the Financial Services Institute (FSI) has had a clear mission to ensure that all individuals have access to competent and affordable financial advice, products and services delivered by a growing network of independent financial advisors and independent financial services firms. For more information, please visit financialservices.org.

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Financial Advisor Membership is a paid membership open to any FINRA, SEC or state-licensed individual partner, director, officer, employee, or independent contractor of a retail broker-dealer or investment advisor (RIA). 

Bob Chitrathorn is a registered representative with, and Securities and Retirement Plan Consulting Program advisory services are offered through LPL Financial, a registered investment advisor, member FINRA/SIPC. Other advisory services offered through Mariner Independent Advisor Network. Mariner Independent Advisor Network, Wealth Planning by Bob Chitrathorn, and Simplified Wealth Management are separate entities from LPL Financial. 

Ryan Quante, Founder of Care Income Advisors, Interviewed on the Influential Entrepreneurs Podcast Discussing Dementia Care

Published on January 18, 2024

Ryan Quante discusses understanding dementia care options. 

Listen to the interview on the Business Innovators Radio Network: https://businessinnovatorsradio.com/interview-with-ryan-quante-founder-of-care-income-advisors-discussing-dementia-care/

Long-term care planning is crucial for individuals with cognitive and mobility issues, such as dementia, Alzheimer’s, and other cognitive impairments. As mentioned in the episode, as people age, the likelihood of needing specialized care increases, making it essential to have a plan in place. Without a long-term care plan, individuals and their families may face financial insecurity and emotional stress.

Dementia is a progressive condition that can last from a few months to as long as 20 years. The impact of dementia on individuals and their families can be significant, especially for longer claims. Long-term care becomes a crucial aspect of providing the necessary support and care for individuals with dementia.

From a financial perspective, long-term care can be expensive. Planning and purchasing a long-term care policy can provide individuals with financial security and ensure that they are not a burden on their loved ones. In the episode, a client named Joe was mentioned as an example. Joe had purchased a long-term care policy and was able to secure a monthly benefit of $12,000, which helped cover the costs of his care.

Emotionally, long-term care planning also plays a significant role. Dealing with cognitive and mobility issues can be emotionally challenging for both individuals and their families. Having a plan in place can provide peace of mind and alleviate some of the emotional stress associated with these conditions.

Finally, long-term care planning also involves care coordination services. These services involve professionals who work with families to create and adjust care plans as the disease progresses. This ensures that the care being provided aligns with the current needs of the individual with cognitive and mobility issues.

Ryan explained: “I help families ensure they never have another sleepless night worrying about paying for their loved one’s care.”

About Ryan Quante

Ryan is a Certified Long Term-Care Insurance specialist and has helped clients, agents, & and attorneys find viable solutions to their LTC needs. For the past 8 years, he’s made it his mission to help as many people avoid spending down all their assets to pay for care as he can through creative planning strategies. Ryan resides in St. Charles, Missouri, and enjoys hockey, music, and his two dogs.

Learn More:
https://www.careincomeadvisors.com/

John Martin with Compass Wealth Strategies Interviewed on the Influential Entrepreneurs Podcast Discussing Using Life Insurance for Retirement

Published on January 18, 2024

John Martin discusses maximizing a retirement plan with life insurance.

Listen to the interview on the Business Innovators Radio Network: https://businessinnovatorsradio.com/interview-with-john-martin-of-compass-wealth-strategies-discussing-using-life-insurance-for-retirement/

John Martin discusses the concept of using life insurance as a retirement tool and emphasizes its importance in anyone’s financial and retirement plan. He explains that if an individual does not live long enough to accumulate sufficient retirement savings, the death benefit from a life insurance policy can ensure the completion of their retirement plan for their spouse and family. This tax-free death benefit provides financial security for the surviving spouse and family members in the event of the policyholder’s death before retirement.

Furthermore, the podcast explores different types of life insurance policies. Term insurance is described as temporary coverage for a specific period, typically 10, 20, or 30 years, without any cash value or equity. Conversely, John Martin highlights the significance of cash-value policies for utilizing life insurance as a retirement tool. Cash value policies, such as whole life or variable life, gradually accumulate cash value over time. This cash value can be credited based on market indexes or dividends and can be withdrawn through tax-free loans. This allows the policyholder to build funds for retirement while also providing a death benefit for their loved ones.

The episode underscores the importance of proper structuring and customization when incorporating life insurance into retirement planning. There is no one-size-fits-all solution, and it is crucial to consult with a knowledgeable professional who can assess individual needs and recommend the most suitable type of life insurance policy. By appropriately structuring a life insurance policy as part of a comprehensive financial and retirement plan, individuals can ensure financial security for their loved ones and potentially accumulate funds for retirement.

Overall, the episode emphasizes the importance of considering life insurance as a retirement tool. By incorporating life insurance into a financial and retirement portfolio, individuals can protect their family’s financial well-being and ensure the completion of their retirement plan, even if they don’t live long enough to accumulate sufficient savings.

John added: “We serve our clients best by providing comprehensive Financial, Estate, and Retirement Planning, through the prism of uninterrupted growth strategies along with protecting their assets while mitigating taxes.” 

About John Martin 

Hard-working business owners and Professionals shouldn’t have to forfeit paying unnecessary taxes while working and especially during retirement. 

John Martin, CEP, RFC, IAR of Advanced Tax Planners started his career 27 years ago as an independent financial advisory & wealth management firm in New York. 

He has served the business community by providing tax reduction strategies, along with creating, protecting, and preserving his client’s wealth for their families. 

John integrates education with holistic financial planning as the foundation for building real Financial Independence more rapidly, especially when taking advantage of all the tax reduction methods the tax code allows. 

Each client can expect the highest level of integrity and confidentially working together to design and implement the right strategies to best achieve their individual goals and aspirations, and to control their financial life. 

John is based in Western New York and married to his wife Kit. They have a son and a granddaughter Emma. He enjoys time with family, reading, golfing, and traveling. 

Learn More:
https://www.compasswealthstrategies.net & https://redwoodtaxadvisor.com  

Recent news and interviews:

• John Martin discusses Business Tax Strategies:

https://authoritypresswire.com/john-martin-with-compass-wealth-strategies-interviewed-on-the-influential-entrepreneurs-podcast-discussing-business-tax-strategies/

• John Martin discusses Roadblocks to a Successful Retirement:

https://authoritypresswire.com/john-martin-with-compass-wealth-strategies-interviewed-on-the-influential-entrepreneurs-podcast-discussing-roadblocks-to-a-successful-retirement/

Financial Advisors do not provide specific tax/legal advice and this information should not be considered as such. You should always consult your tax/legal advisor regarding your own specific tax/legal situation. Separate from the financial plan and our role as a financial planner, we may recommend the purchase of specific investment or insurance products or accounts. These product recommendations are not part of the financial plan and you are under no obligation to follow them. Investment Advisor Representative offering Independent Investment Management utilizing Tactical Active Management through Redwood Private Wealth, SIPC.