January 11, 2012, Featured Articles, Advisors/Planners/Reps , Technology
The ‘Safety First’ Income Planner
Maryland advisor Antoine Orr couldn’t find an income planning tool that matched his low-risk, low-debt philosophy. So he created the Plancorr Planner.
While growing up on a northern Alberta farm during the 1970s, Antoine Orr hated the chore of chasing stray cattle in a blizzard. So every summer he mended fences and fixed barn doors to make sure that, come wintertime, the cows couldn’t escape.
Today, as president of Plancorr, an insurance-focused planning firm in suburban Maryland, Orr urges his clients to approach their finances with the same sort of cautious foresight that he learned on his family’s Canadian farm.
Aggressively risk-averse, he views debt-reduction as a surer path to lifelong financial security than trying to win in the investing casino. He has even created a “down-and-dirty” retirement planning tool, the Plancorr Planner, predicated on his belief that, in the long run, the “tortoise” investments (i.e., fixed annuities and cash-value life insurance) eventually beat the “rabbits” (mutual funds and 401(k) accounts).
“I’m the ‘Safety First’ guy,” Orr told RIJ recently...
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