Jordan Mangaliman discussing the transition into retirement
Listen to the interview on the Business Innovators Radio Network: https://businessinnovatorsradio.com/interview-with-jordan-mangaliman-fiduciary-retirement-advisor-founder-of-goldline-wealth-management-discussing-the-transition-into-retirement/
Jordan Mangaliman, a fiduciary retirement advisor and the founder of Goldline Wealth Management. The discussion centered around the complexities and challenges of transitioning into retirement, a phase that can be daunting for many.
Jordan shared his personal journey into the financial industry, which was deeply influenced by his family’s experiences, particularly his father’s battle with cancer. This personal story has driven Jordan’s mission to ensure that his clients are well-prepared for any financial eventuality, whether it be taxes, premature death, investments, or estate planning.
Retirement is often viewed as a well-deserved reward after decades of hard work, a time to relax, travel, and enjoy life without the daily grind of a job. However, as highlighted in the podcast Jordan Mangaliman, a fiduciary retirement advisor, the transition into retirement can be fraught with unexpected challenges and misconceptions that can leave retirees feeling unprepared. The journey into this new chapter of life requires not only financial planning but also emotional and logistical preparation to navigate the myriad hurdles that may arise.
One of the primary misconceptions about retirement is the belief that it is a straightforward process: work until a certain age, retire, and enjoy life. Many individuals assume that simply filing for Social Security and relying on savings and pensions will be sufficient for a comfortable retirement. However, this oversimplified view overlooks the complexities involved in transitioning to retirement. The reality is that retirement is not just about ceasing to work; it is about adapting to a new lifestyle that can present unforeseen challenges.
Financial security is often the cornerstone of retirement planning, yet many retirees underestimate the expenses they will face. Health care costs, for example, can be significantly higher than anticipated. As individuals age, the likelihood of needing medical care increases, and the associated costs can quickly drain savings. Additionally, retirees must consider inflation, which can erode purchasing power over time. A well-structured financial plan should account for these variables, including potential long-term care needs, to ensure that retirees do not outlive their savings.
Moreover, the misconception that Social Security will cover all living expenses is another common pitfall. Many retirees find that Social Security benefits alone are insufficient to maintain their desired lifestyle. This highlights the importance of comprehensive retirement planning that includes various income streams, such as pensions, retirement accounts, and investments.
Preparing for retirement involves much more than simply calculating savings and filing for Social Security. It requires a holistic approach that encompasses financial, emotional, and logistical considerations. By acknowledging and addressing the misconceptions surrounding retirement, individuals can better equip themselves to face the unexpected challenges that may arise. As Jordan Mangaliman emphasizes, the mission of a retirement advisor is to ensure that clients are prepared for whatever lies ahead. By turning potential wounds into wisdom, retirees can approach this new chapter of life with confidence and resilience, ready to embrace the opportunities that come their way.
Jordan shared: “I help retirees build a clear retirement plan, manage their wealth wisely, reduce taxes, secure reliable income, and create a lasting legacy for their families.”
About Jordan Mangaliman
Jordan is a second-generation Fiduciary Retirement Advisor and has dedicated the last 15 years to educating his clients on how to build and protect the assets they have worked so hard to accumulate. His family has now been serving clients for over 45 years and has helped over 1,200 families across the nation, spanning from Hawaii to New York. His diverse base of clients entrusts him with their financial well-being, and he proudly owns a record free of any consumer complaints. This is a direct result of the core values at GoldLine Wealth Management. This expansive industry experience has allowed their team to provide sound advice to their clients during both bull and bear markets.
He earned his Bachelor’s Degree in Finance at UC Riverside. Personal finance, market trends, investment strategy, and wealth preservation is what drives Jordan’s hunger for knowledge which he shares with his clients and incorporates regularly into his practice. Jordan’s family has been a pioneer in the Christian-Catholic Ministries in Los Angeles for over 35 years. At a young age he was involved with his church’s ministry which planted the seed for his leadership positions today.
