From 1995-2000, the Homer City, PA based Mogle – a “Safe Retirement” Advisor since 2008 - was a social worker who worked with children at risk of being placed outside their home. Earning a Master’s in Social Work from the University of Pittsburgh, he continued in social work with a master’s level license, helping foster kids and their adoptive families meet their goals.
Shifting gears in 2007, he launched a career in the insurance business, which included a brief stint at Met Life. Finding the idea of “product pushing” frustrating, he agreed to be mentored in the financial services industry by a friend who had started his own firm after working with Mogul at Combined Insurance. Concurrent with this mentorship, Mogle began his career as a retirement advisor, incorporating as Mogle Financial Services, LLC.
He centered his firm on what he termed the Four Cornerstones of a safe and secure retirement plan, “one that will provide you with peace of mind”: 1) Fixed investments (fixed/fixed index annuities) for a worry free retirement; 2) Life insurance – wealth transfer to final expenses; 3) Health insurance and Medicare Supplements/
While in essence remaining in the insurance business, since January 2014 he has rebranded his business as “The Retirement Mogle (http://retirementmogle.com/
As an independent agent, he is looking to help people do three things: achieve freedom from excessive taxation and market crashes; gain more control of their money; and create financial independence. He says the reason that this framework was developed “is that after seeing the failures of the current system, we don’t trust Washington and Wall Street with money and the security of our retirement. We use life insurance to overcome the Four Enemies of Wealth: taxation, market loss, inflation and interest.”
“People put money into an indexed universal life policy strictly for retirement, with the death benefit being secondary,” he says. “When they decide to retire at age 70, for example, they begin to take the money out as a loan, tax free – making it a tax shelter, completely compliant within the IRS tax code. In fact, though it’s not always publicized by the media, the wealthy have been doing it for years.”
“One of the reasons I’m excited about working with indexed universal life insurance is the opportunity to educate people, because surprisingly, a lot of people don’t know about it,” adds Mogle, who has created plans thus far for clients in his home state of Pennsylvania as well as North Carolina, Ohio, Texas and Virginia. “This is how wealthy people have been avoiding paying taxes in retirement for years, and it’s been around since the 1800s!”
Mogle has been successful from his earliest days in the financial business because of his unique ability to educate people as he develops a strong rapport with them. He brings a diverse array of life experiences and a tremendous sense of empathy to every interaction. He was being bullied in high school, majored in psychology at Pennsylvania’
While Mogle is excited about the great financial potential of this new phase of his financial services career, he also has strong personal reasons – including being the father of an eight year old daughter and two foster children, 11 and 8 - for making the shift as The Retirement Mogul to indexed universal life insurance.
“Calling myself ‘The Retirement Mogle’ is of course a play on words, but it’s also a way to set goals to myself to embody the other meaning of the word within the retirement planning world.”
Read More: http://retirementmogle.com/