David Reindel's Schools

• Central State University , Class of 1971 Bachelors in Mathematics

David Reindel's Publications

• David Reindel on Insurance, David Reindel March, 2011 About the author: David Reindel is owner of Reindel Retirement Solutions, an income planning firm in New England. He began his career selling insurance. There are four types of insurance one should never go without. These are life insurance, health insurance, homeowner’s or renter’s insurance, and car insurance. Life insurance is especially important when you have family members who rely on your income. While death or an unforeseen debilitating circumstance is not the most pleasant scenario to consider, it is an absolute necessity if you want to ensure the well being of your family. Even if you are without dependents, life insurance can cover funeral costs and other unexpected expenses. Health insurance is also a must-have for every individual, no matter your current state of health or age. Medical emergencies can occur without any notice, and many medical procedures remain incredibly expensive. Health should always be a top priority. Medical insurance enables you to seek preventative care, such as blood tests and cancer screenings, to prevent a more serious illness later on. It also reduces the costs of emergency care. In addition, homeowner’s or renter’s insurance protects nearly everything you own inside your home and on your property. If you consider how much everything you own is worth, you might be surprised! It is up to you to take the initiative and make sure that all these small investments and items of significant sentimental value are protected. Finally, car insurance is something no driver should go without. In fact, it is required by law that every driver have car insurance. In the event of a car accident or wreck, automotive insurance protects you from liability and secures your assets in the case that the other person involved in the accident does not have insurance.

• Interview with David Reindel: Part 3, David Reindel April, 2011 Professional retirement planner David Reindel helps his clients achieve financial security for their retirement. In the previous parts of the interview, Mr. Reindel explained the risks for retirement involved with securities-based investing and outlined how insurance products, such as annuities, create a secure and guaranteed retirement income that is not subject to the same volatile forces inherent in securities-based products. Question: How much does one need to put away for retirement? David Reindel: This is a good question, and the answer relies on the individual. In order to find that answer, you really need to take a clear-eyed look at many things, including your current assets and liabilities, any social security pension you may draw, and perhaps most importantly, what your expectations are for retirement. Question: How do expectations influence the amount of money you need to put away? David Reindel: I think that we sometimes wind up with pie in the sky dreams of having a wealthy retirement, because that is what securities-based investing has led us to hope for with wealth-building strategies. Maintaining realistic expectations is important. If you are not currently Warren Buffet, then chances are you will not retire as Warren Buffet, but that does not mean you will not have a comfortable retirement. Once you come to grips with your current situation and your goals, you can adjust your expectations to arrive at a very realistic number. Question: If I am in my 50s and have not done any retirement planning at all, how do I get started? David Reindel: Start by working with a qualified retirement planner, who has knowledge of retirement issues such as taxes, long-term care needs, financial products, and options such as reverse mortgages. Find a planner with whom you “click,” and look for an independent professional who is not pushing any product line. A retirement planner can help assess your financial picture and arrive at a plan that you can execute.

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