Sean Pahut, financial consultant at Montana Wealth Management, was interviewed on a podcast about The Montana Money Mindset

Sean Pahut explains how he develops long-term personal relationships with his clients.

Listen to the interview on the Business Innovators Radio Network:

Pahut said, “During the pandemic, about 100,000 people moved to Montana; we noticed that the finance professionals in the other state were still managing their financial affairs. My goal is to develop a relationship with my clients so that the rapport and trust is so high that they see the great financial tools I can offer them to consider. I believe risk mitigation is a huge need for all of my clients and wherever possible I feature asset classes that offer guaranteed income opportunities, such as annuities.

Guaranteed income opportunities, also known as “GICs,” provide retirees with a guaranteed stream of income from annuities that lasts for the rest of their lives. This type of arrangement can be particularly advantageous for those who are concerned about outliving their retirement savings.

However, not all GIAs are alike. Some offer more flexibility than others, and it’s essential to understand the features and benefits of each before making a decision. Here is an overview of some things to consider when evaluating different IAM options:

  1. How long does the revenue stream last?
    Some GIAs only provide income for a certain number of years, while others pay as long as you live. If retirees are worried about running out of money in retirement, a GIA that pays for life can boost their confidence.
  2. How much income will they receive?
    The amount of income they will receive from a GIA depends on several factors, including the size of the initial investment and the performance of the underlying assets. Some GICs also offer inflation protection, which can help keep purchasing power intact over time.
  3. What are the fees and expenses?
    All investment products have fees and expenses, and GIAs are no exception. Be sure to compare the fees charged by different providers before deciding.
  4. What are the risks ?
    No investment is without risk, and GIAs are no exception. It is important to understand the risks involved before making a decision.
  5. What are the tax implications?
    The tax treatment of GIAs may vary depending on the type of product and its structure. Making the decision to purchase a GIA is an important decision. But with careful consideration, it can be a valuable addition to your retirement income plan. Be sure to consult a tax advisor before making a decision.

About Sean Pahut

Sean earned his finance degree from Carroll College in Helena, MT and holds Series 7, 63 and 66 registrations through LPL Financial and a Montana insurance license. Giving back to the community is important to him. He was LT. Governor at Kiwanis previously served on the board of directors of Marias Medical Center and volunteered as a wrestling and baseball coach. He and his wife have two children and live in Great Falls, where they are active in their children’s school and sports activities.

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Securities and advisory services offered by LPL Financial, a registered investment adviser, Member FINRA/SIPC. The opinions expressed in this recording are for general information only and are not intended to provide specific advice or recommendations to any individual. To determine which strategies or investments might be right for you, consult the appropriate qualified professional before making a decision. Any investment involves risk, including loss of principal. No strategy guarantees success or protects against loss. There is no guarantee that a diversified portfolio will improve overall returns or outperform an undiversified portfolio. Diversification does not protect against market risk. The economic forecasts presented herein may not develop as expected and there can be no guarantee that the strategies promoted will be successful.

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