A Worry-Free Re­tire­ment

The Suit - - Contents -

As the say­ing goes: “there is no ‘I’ in team,” and for the McNeil, Ahrens, & Lam­bert Fi­nan­cial Group, LLC, that motto is ex­actly how the Mo­bile, Alabama firm op­er­ates each and ev­ery day. The team ap­proach is what part­ner John R. McNeil, Sr. cred­its as the best method to help clients ma­neu­ver through to­day’s com­plex fi­nan­cial ser­vices world, so they can re­tire with con­fi­dence.

For McNeil, the team isn’t just like his fam­ily; it truly is his fam­ily. He joined the firm in 1979, after ma­jor­ing in fi­nance at the Univer­sity of Alabama and went to work with his fa­ther and grand­fa­ther – a tra­di­tion that has been car­ried on since.

“My grand­fa­ther started the firm in 1922, my fa­ther joined after the war in 1946,” McNeil told The Suit Mag­a­zine. “I joined in 1979 and my daugh­ter, Vir­ginia, joined the firm two years ago. Some­one in our fam­ily has been with the firm for four gen­er­a­tions.”

This isn’t to say that since 1922, it has been only business as usual for the McNeil clan or for the firm. When he joined in 1979, it was common for firms to rep­re­sent one company, mak­ing it ba­si­cally an in­surance company at that time. In the early 1980s, the firm shifted from a gen­eral agency to a bro­ker­age agency and rather than rep­re­sent­ing one company, it opened to other com­pa­nies, “pro­vided those com­pa­nies had the rat­ings and fi­nan­cial sta­bil­ity for us to en­trust our clients’ money with them,” McNeil clar­i­fied.

To­day the em­pha­sis is on re­tire­ment in­come dis­tri­bu­tion and on help­ing clients max­i­mize their in­come while min­i­miz­ing taxes. The goal is po­si­tion­ing client as­sets so that, in the words of McNeil, “(They) can move from a growth and ac­cu­mu­la­tion phase into the de­cu­mu­la­tion phase, while mak­ing sure that they don’t run out of money be­fore they run out of time.”

A shift from the al­pha ap­proach to a more con­ser­va­tive ap­proach was made, es­pe­cially for those new baby boomer clients who had to live through the ‘lost decade’ fol­low­ing losses in 2000 and again in 2008. McNeil has helped clients see where they were be­fore, not­ing, “They never un­der­stood what their money was do­ing. Peo­ple in the past didn’t un­der­stand how they were in­vested and how risk and re­ward were over­lap­ping. They didn’t re­al­ize that

Part­ner / John R. McNeil, Sr.

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