Jon Magoch | Founder, President and Investment Advisor Representative
Year Joined: 2006
Years of Professional Experience: 20+
What I love about Retirement Evolutions: Each day, we are presented with precious moments, learning experiences, educational opportunities and challenges to conquer to make things a little better for those around us. Watching our team and company meet and deliver upon these moments, opportunities, experiences and challenges each day is truly humbling and inspiring. That is what I love about the Retirement Evolutions family!
Places I’ve lived: Tucson, AZ; Phoenix, AZ; Windsor, Canada
My hobbies and passions: Spending time with my daughter and family; travel; golf; warm ocean locales; experiencing the adventures of life while finding the joy and happiness in everything I do.
Responsibilities
Jon invests most of his energy either helping existing clients’ evolving retirement planning needs or meeting with prospective clients to design solutions for their unique needs. As president, he also tends to the global strategy and task allocations of ongoing business requirements.
Jon’s Professional Story
Jon discovered early that he had an enterprising itch to scratch. Even in elementary school, he learned that filling a service need (mid-day candy cravings of the students) suited him both in autonomy from the norm and in providing necessary resources in life (money for investing in baseball card collections). Jon explored several other entrepreneurial ventures throughout his years, but ultimately it was time spent in the financial and insurance industry that carved the path toward Retirement Evolutions. He experienced firsthand that even the best products from the best brands had limitations that impacted the thoroughness of people’s retirement planning; namely choice and breadth of focus. So he started Retirement Evolutions to fill that very service need and has never stopped looking for and implementing new ways for the firm to be an optimal retirement planning partner free of the boundaries of conventional financial service firms.
Jon’s Personal Story
Jon is born and raised in Tucson. He briefly sampled some other living environments and certainly enjoys trips to Southern California and Mexico, but Tucson is where his heart is. Jon enjoys a close relationship with his family and most notably with his daughter. You are likely to find them at any one of her activities, traveling somewhere, at the pool or doing something around the house. If Jon isn’t with his family, working or scouring the interwebs, then it’s a good bet he is on a golf course somewhere or thinking about the next time he will be.
We invite you to come into our office
To schedule a time to discuss your financial future and the possible role of insurance or investments in your financial strategy, contact us at info@retevo.com, or call us at 520-399-6340 today!
By contacting us, you may be offered information regarding the purchase of insurance and investment products.
Consider an Annuity Even When the Market’s Humming
Perhaps you are familiar with an annuity. The basic premise is that you convert a lump sum of money into a stream of income. Unlike an investment, once you commit a fixed amount of money to the insurance company, that company is contractually obligated to provide you a minimum level of income with the option to continue receiving it as long as you live. All guarantees are backed by the financial strength of the issuing insurance company.
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Tech Trends
There are different formulas for launching highly successful companies. First, create a product that solves a problem that no one knew they had — for instance, how online search engines replaced encyclopedias. Then, there are ideas that help solve problems that plague millions of people.
Back pain, for example. Not only do approximately eight in 10 adults experience low-back pain at some point in their lifetime, but it’s also the most common cause of job-related disability.
One individual who suffered severe back pain while sitting at work all day decided to invent a new kind of desk. This desk would allow him to stand while he worked, alleviating his back pain. This man was a co-founder of VARIDESK, a new type of office furniture manufacturer. But this new company didn’t just enter the office supply industry; it introduced a new sales model that was key to its rampant success: Selling online direct to consumers.
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Retirement Planning Challenges
In 1985, only 10 percent of people aged 65 and older were either in the workforce or job hunting. Today, that share has doubled, for a couple of reasons. First, fewer 65-year-olds have enough money to retire. Second, the number of people in this demographic with a college degree has more than doubled (53 percent today vs. 25 percent in 1985).
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Boosting Financial Literacy is a Top Priority
Financial literacy has always been a challenge. However, now that much of the burden of retirement income has shifted to employees instead of employers, it is all the more important that we begin teaching the principles of saving and investing to people as early as possible.
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Stock Buybacks Explained
When the 2017 Tax Cuts and Jobs Act reduced the corporate tax rate from 35 percent to 21 percent, the hope was companies would spend their influx of money on expansion and increased jobs and wages. Instead, public companies’ most popular way to spend the excess capital has been to buy back their own stock.
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