Crash Proof Retirement®’s 3-Step Educational Process

Crash Proof Retirement®’s 3-Step Educational Process

Do you have the education you need to plan for the retirement you want? A recent study done by The American College of Financial Services found that Americans in or near retirement are severely lacking in financial education, and even those who regularly see a financial advisor don’t understand the basic concepts they need to effectively plan for retirement.

At Crash Proof Retirement®, educating consumers about retirement planning is one of our top priorities, which is why we employ a 3-step education process unlike any other in the financial industry. Through our unique approach, we are educating Americans about their finances so they can make the retirement of their dreams a reality. Here’s more about the results of the retirement literacy study, which shows just how unprepared the average American is to plan for retirement, and how our educational process addresses that issue:

America’s Financial Literacy Problem

Every three years, The American College of Financial Services surveys thousands of Americans aged 50-75 with questions about 12 retirement-related knowledge areas. Although in previous years, they only surveyed respondents with a minimum of $100,000 in investable assets, their 2023 study was expanded to include Americans of all income levels. This makes it their most comprehensive study to date, and the most accurate representation of the average American’s retirement knowledge they have ever produced. The key findings of their 2023 Retirement Income Literacy Study include:

• Older Americans lack actionable retirement knowledge, averaging only 31% on a 38-question retirement literacy quiz.
• Financial literacy has not improved since The College began conducting its survey in 2014. 
• Although Americans who are working with a financial advisor scored higher, they still did not come close to achieving a passing grade (38% for those who saw a financial advisor vs. 27% for those who didn’t). 

As you can see, the financial literacy of Americans in or near retirement is nowhere near where it needs to be, and the problem is not getting any better. The fact that those who see a financial advisor did not score significantly higher than their peers also shows that the financial industry overall is not working to address the lack of financial literacy in their clients. 

Crash Proof Retirement®’s Approach to Financial Education

At Crash Proof Retirement®, we understand that knowledge is power for our clients, and we aim to fill the gaps left by traditional financial advisors. Just ask these former teachers who went through our 3-step educational process! When you come to your first visit with our independent licensed retirement educators, it is only the beginning of your education. By the time you finish your third meeting, you will be empowered with all the knowledge you need to make the right decisions about your retirement future, and if you still don’t feel comfortable, we will be happy to continue meeting with you until you do. Here’s how our process works:

• On your first visit, we will discuss any concerns you brought up on the information sheet you filled out prior to the meeting. This is where we will find out more about your situation and evaluate your financial symptoms. Like any good teacher, we will ask you to do some homework. We will provide you with case studies of previous clients and assign the Wharton School of Business’ two year in-depth study on our Crash Proof® Vehicles as your homework. We require that you read this study, conducted by the top economist at The University of Pennsylvania, and his team of two senior actuaries and six PhD. economists, so you can make an informed decision based on objective and accurate information.

You should also bring your tax returns, financial statements, and expense reports to this meeting. We invite you to come with questions for our team, and we will ask you some questions of our own. Do you have enough income? Are you paying too much in taxes? Are you aware of the fees you are currently paying that eat away at your nest egg? The answers to these questions, in addition to the documents you provide, will help us come up with solutions when we conduct your Financial MRI. Once we know more about you, we will explain how the Crash Proof Retirement® System works and tell you what you can expect. 

• On your second visit, we will reveal the results of your Financial MRI so you can fully understand the health of your retirement portfolio based on our analytics, as opposed to our opinion. As part of this process, we will backtest your portfolio to show you how it would have performed during previous financial downturns like the ones in 2008 and 2020. 

We invite you to bring your current financial advisor with you to this appointment. Because we have no conflicts of interest, we will be happy to speak with them directly about the issues you are experiencing. This meeting and all financial meetings will be recorded so that you have a legally binding record of everything that was said. If your financial advisor is truly looking out for your best interests, they will have no problem going on the record the way our retirement educators do every time they meet with a client.

• Prior to your third visit, our salaried design team will spend more than 40 hours tailoring a Crash Proof Retirement® System to your goals. When we present it to you, we welcome you to ask questions about it. We will show you how your System would have performed during the financial downturns of 2008 and 2020 compared to your current portfolio. When you see the unnecessary risk fees, and taxes in your portfolio, that you could have avoided, we are confident that you will decide to pursue a Crash Proof Retirement®. 

If you choose to become Crash Proof®, you have a 30-day “free look” period, during which you can consider whether you have made the right decision. If, at any point during that 30 days you change your mind, you can reverse your system with no penalties or charges for you, and we will keep your system on file should you reconsider down the road. No matter what, you will never be charged any type of up-front or ongoing fees for any service we provide!

Our process is solely intended to educate you as opposed to selling you, in fact,  we won’t let you sign anything until you have completed the entire 3-step educational process. Our goal is to document to you how the Crash Proof Retirement® System can give you the retirement you have always wanted, and we feel that after you receive our one of a kind education you will come to the same conclusion for yourself. Even if you don’t sign up, we want you to know that our door is always open to you, and we will happily answer any questions you have. We give you objective financial advice based on facts, free of charge, that will help you have a better retirement, even if you don’t choose the Crash Proof Retirement® System.

Retirement Planning in Delaware County, PA

If you are looking for a new kind of retirement planner in Delaware County, PA, your educational journey can start today! Get in touch with Crash Proof Retirement® by calling 1-800-722-9728 to schedule your first visit with our team.