Douglas A. Clancy - Protection with Power: What Financial Professionals May Not Want You to Know

What Financial
Professionals May Not
Want You to Know

DOUGLAS A. CLANCY, JR.

NEW YORK

LONDONNASHVILLEMELBOURNEVANCOUVER

PROTECTION WITH POWER

What Financial Professionals May Not Want You to Know

2019 DOUGLAS A. CLANCY, JR.

All rights reserved. No portion of this book may be reproduced, stored in a retrieval system, or transmitted in any form or by any meanselectronic, mechanical, photocopy, recording, scanning, or otherexcept for brief quotations in critical reviews or articles, without the prior written permission of the publisher.

Published in New York, New York, by Morgan James Publishing. Morgan James is a trademark of Morgan James, LLC. www.MorganJamesPublishing.com

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ISBN 978-1-68350-569-3 paperback

ISBN 978-1-68350-570-9 eBook

Library of Congress Control Number: 2017907093

Cover Design by:

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Interior Design by:

Bonnie Bushman

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All written content is for information purposes only. It is not intended to provide any tax or legal advice or provide the basis for any financial decisions. Opinions expressed herein are solely opinions of the author Douglas A. Clancy, Jr.

All information and ideas should be discussed in detail with your individual advisor or a qualified professional before making any financial decisions. We are not affiliated with or endorsed by any government agency.

Douglas A. Clancy, Jr. is president of Retirement Planning Services, Inc. dba Cornerstone Wealth & Tax Advisory Group, a registered investment advisor in the state of California.

Douglas A. Clancy, Jr. is president of CSWTA Insurance Solutions, California Insurance Agency # 0H27254. Douglas A. Clancy, Jr., California Insurance License # 0G20617.

Retirement Planning Services, Inc. dba Cornerstone Wealth & Tax Advisory Group in CA and CSWTA Insurance Solutions are affiliated companies.

The content in this book is the sole opinion of Douglas A. Clancy, Jr.

Whenever you invest, you are at risk of loss of principal, as the market does fluctuate. Past performance is not indicative of future results. Purchases are subject to suitability. This requires a review of an investors objective, risk tolerance, and time horizons. Investing always involves risk and possible loss of capital.

The information contained herein is not an offer to sell or a solicitation of an offer to buy the securities, products, or services mentioned, and no offers or sales will be made in jurisdictions in which the offer or sale of these securities, products, or services is not qualified or otherwise exempt from regulation.

This book is dedicated to the two most important women in my lifemy mom, Doris E. Clancy, and my loving wife, Lisa M. Clancy.

My mom was taken from us much too early, but she touched many lives in her short time on earth. Truly an amazing person. To this day she is the most positive, upbeat person that I have ever known. I never heard her say a bad word about anyone.

She gave me the courage to be me. She taught me to be direct, and to help those in need. Mom, I miss you every day, every hour, and every minute.

My wife, Lisa, and I have been together for more than twenty years. She is my rock, my best friend, my business partner, and the love of my life. Lisa has been such a positive force in running our businessher background as a former CPA and corporate controller has been extremely valuable in many ways.

On a personal note, thank you, Lisa. Your love and compassion drive me to work hard for our clients and our family every day.

I am forever in the debt of these two-amazing people.

Love ,

Doug

Thank you, Lisa M. Clancy, my lovely wife. Thank you for always having confidence in me. You are my rock, the love of my life, and my best friend.

Thank you to my son, Eric Clancy. I love you, son. Continue being you. Always be open to learning. Stay humble. Continue to do the next right thing. People helping people!

Thank you,

Douglas A. Clancy, Jr.

I have met with thousands of people over my twenty-plus years in the finance business. From talking to so many wonderful people, Ive learned that many people have misconceptions or questions about their investments.

I decided to write this book to point out some of those misconceptions so that you can be aware of them, and to make it easier for you to understand investing.

Doug

As you get closer to retirement, you may be starting to think about what youre going to spend your nest egg on. You may have plans for lifelong dreams and adventures, or something that you want to do for your children or loved ones.

Youve invested more than just money into your retirement accountsyouve invested many years of your time, and made countless sacrifices over those years, all to reap the fruits of your labor one day and leave a legacy that you can be proud of.

Perhaps youve made shrewd investments in the market and seen your retirement accounts grow. Many people werent so lucky and felt the pain of losing much of their savings when the market turned down in 2008, forcing them to go back to work or to delay retirement. Due to factors completely out of their control, many never got to reap the benefits of their golden years or leave the fruits of their labor to their beneficiaries.

Doug Clancy has spent the last twenty-plus years of his life as a financial and insurance advisor helping people navigate the tumultuous seas of investing for retirement. In Protection with Power, Doug has distilled his knowledge about investing into a message clear enough for anyone to understand. Read on and you will get to know Doug as well.

Doug is here to teach you that it is possible to keep some of your money safe and to participate in the upside of the market, without paying outrageous fees . However, to accomplish this, you need the right investment strategy and the right financial professionals working in your best interest.

Do you want to learn how to keep some part of your money safe? Protection with Power will help teach you.

Understanding money isnt as hard as many may think it is or even as hard as some may want you to think.

I pride myself on explaining investing for retirement to people in a way that they can understandincluding the things many leave out. Many financial professionals skip over the downsides of investments theyre selling, asking you to trust them. When I first got into the business, I was handed training materials. I had no idea how difficult the new terms for my new career would be to understand. I also recognized that helping potential clients understand their choices and options would be difficult as the material was laid out. I kept racking my brain thinking of ways to clearly get my message across so that potential clients could make an informed decision for what they felt was best for them. My feeling was, so what if I understand it? Ive been thrown several books and training manuals, but no one cared much for explaining these choices and options to potential clients. At this time, presentation software had come on the scene. I enjoy learning, so I dived into learning how to make presentations. I took a flight cross-country from Manchester, New Hampshire, to San Diego, California, with a new laptop in hand and the software on my computer.