Welcome to Platinum Wealth Advisors!
Financial Education – Retirement Planning – Tax Planning – Wealth Management
Assisting 30 Police Departments and educating over 1,000 Retirement Students every year.
We are one of the most complete and trusted retirement planning firms in Los Angeles.
Platnum Wealth Advisors will help you Grow, Preserve and Manage your Wealth
Contact us today for a Free Income and Tax Strategy Analysis
Three Companies Strong
Attend an ABC Financial Education Retirement Class
El Camino College – UCLA – Cal State Long Beach
Maximize Social Security – Reduce Market Risk – Lower Retirement Taxes
We Are Dedicated To Our Clients
And we thrive on making Platinum Wealth Advisors the best we can be!
Platinum Wealth Advisors is a financial planning firm which specializes in Retirement Planninng. Most financial broker/advisors are only interested in growth. And while growth is important, when preparing or living in retirement, the primary concern should be Reducing Risk!
The next Bear Market is lurking… If it occurs while working, one could recover within a few years. The reason is because they’re still contributing to their retirment plan and thus, dollar cost averaging on the way down (buying at lower prices).
But if it occurs after they retire, then they’re no longer contributing, in fact they’re compounding the problem because not only is the account going down, but they’re also withdrawing funds to pay for monthly living expenses. Because of this, many retirees never recover from market losses. The number one concern in retirement should be to manage Volatility and Market Risk.
Working with a Retirement Advisor
Once you retire, your goals, needs and desires change drastically. The path to retirement is full of landmines. Your nest egg that took you a lifetime to save must now pay for everything for the rest of your life. That’s 3+ decades without a paycheck!
Clearly this is not the time to leave important matters such as this to chance because there is little room for error. You simply cannot replace this money! If you are only considering investments when planning your retirement, or that’s all your advisor is talking about, then you are missing the boat! True investment and retirement planning is a whole lot more than just investing your money.
Get a FREE Retirement Income & Tax Strategy Analysis
The 3 critical steps to Retirement Planning
There is no retirement without income. It must be sustainable, increasing and out pace inflation. A coordinated Income Plan is a critical step. However, it is often overlooked by both retirees and advisors. It is difficult, misunderstood and a fair amount of work. Creating your personal retirement income plan requires working with a retirement expert to help you create a successful plan that will survive the test of time.
Your retirement income plan should:
- Optimize Social Security so you get every nickel to every benefit!
- Manage risk through allocation planning using ABC modeling!
- Create an income stream that you and your spouse can’t outlive!
- Take advantage of often over-looked retirement tax strategies!
- Use a tax distribution strategy before taking distributions!
- Create a sequence of distribution plan for the lowest tax bracket!
A healthcare plan includes Medicare, a Supplimental plan and a Long Term Care plan. While Medicare and Supplimental plans are reasonably priced, retirees will still have co-pays and deductables. Long Term Care though can be expensive. The lifetime probability of becoming disabled in at least two activities of daily living or of being cognitively impared is 68% for people age 65 and older.
- Estate planning so Uncle Sam doesn’t steal all of your money when you die!
Who We Are
Our mission is to help educate retirees so they don’t make major mistakes and empower them to make better financial decisions.
As conservative Retirement Planners, we feel the most important strategy when preparing for retirement is to reduce overall risk.
As Fudiciaries, we promise that we will always place our clients needs and interests first.
Why Choose PWA
We put you First! We are Fiduciaries.
We are Retirement Planning Specialists.
Providing over 31 yrs of professional financial advice.
We’ll help you maximize Social Security benefits.
Acheive the best returns with the lowest possible risk.
We are National Social Security Advisors.
We help with Long Term Tax Planning.
Live the Platinum Life
Meet Our Instructor/Advisors
Our Instructor/Advisors are World Class Master Retirement Planners
Steve Soffer
Instructor/Advisor
Steve is a founding partner of Platinum Life and has been a financial advisor working to help families find solutions to financial concerns since 2001. He helps his students understand how best to achieve their retirement goals.
In his spare time, he enjoys hitting little fuzzy balls on the tennis courts around Los Angeles and hanging out with his kids.
Donald Murphy
Instructor/Advisor
Donald Murphy is the founder of Platinum Wealth Advisors and co-founder of Platinum Life Financial and Insurance Services. He has been a trusted advisor within the financial services industry for over 31 years.
He lives in Corona with his wife, Daniela, their daughters, Kimberly and Tiffany, and their Wheaten Terrier, Robbie.
Meet Our Support Staff
Our Support Staff Makes It All Happen
Professional Tactical Management
Enjoy life knowing your investments are always being monitored to provide that perfect balance of return and risk management
The Best Private Money Managers:
You Need Em, We Got Em!
We believe in holding ourselves to the highest possible standards, which is why we offer and demand the best Money Managers in the Industy. That’s why we use Formula Folios!
FormulaFolios
Ranked 10th Fastest-Growing Company in America by Inc. 500
We Also Use The Best Custodians
Helping You Protect Your Retirement with Wealthguard™
Platinum Wealth Advisors is a provider of WealthGuard™, an incredibly simple, yet powerful early-warning system that monitors all of your investment accounts, daily, so you can invest with the confidence that there’s a plan in place to help protect your investments in all market conditions.
We Help Protect Your Retirement with Wealthguard™
Providing you with added peace of mind, WealthGuard securely tracks all of your accounts in one place, including asset allocation and overall performance, and immediately alerts you of any changes via email and/or text message. More importantly, WealthGuard will initiate a specific plan of action to help protect your accounts, while keeping you focused on your long-term investment goals.
And since WealthGuard monitors all your accounts automatically, it can watch over your 401(k), self-managed investment accounts, and accounts managed by financial advisors at nearly every firm in the United States.
Contact Us
Come Visit Us in Beverly Hills, Manhattan Beach or Long Beach