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Retire Smart, Save More: How MDRN’s Virtual Planning Model Can Slash Retirement Costs

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3 days ago

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The media is calling it a “retirement crisis.” Millions of Americans are arriving at retirement age woefully unprepared.

Some studies suggest that 45 percent of the Baby Boomers have no retirement savings, while 28 percent of those who have started saving have less than $100,000 put away. Consequently, many Americans now living in retirement or approaching that season are looking for ways to cut back on their expenses.

Aaron Cirksena, founder and CEO of MDRN Capital, has a solution for those looking to retire smart and save more. His firm’s completely virtual model increases retirees’ spending power by decreasing the fees associated with retirement planning.

“Our unique approach to providing retirement planning services allows our clients to experience significant savings when compared with the traditional model of investment management and retirement planning,” Cirksena shares. “When we did away with the overhead expenses that stem from operating a brick-and-mortar office, we were able to create a fee solution for our clients that is lower than the typical advisor. On average, our fees on the entire client portfolio tend to run 30 to 40 percent lower than the typical advisor operating under a conventional model. Additionally, we can provide services like estate planning, tax planning, and tax preparation at no additional cost.”

MDRN Capital is revolutionizing retirement planning by offering a comprehensive range of services, including income planning, investment management, tax planning, healthcare, and estate planning, in a setting that exceeds the efficiency and effectiveness traditional providers are able to offer. Unlike traditional firms, MDRN Capital leverages the power of digital tools to deliver comprehensive services without the need for in-person meetings, allowing clients to enjoy their retirement while their financial needs are expertly managed.

“My goal with MDRN Capital was creating a completely virtual firm that could more efficiently provide the convenience clients wanted while also meeting their ongoing investment needs,” Cirksena shares. “MDRN Capital’s virtual model empowers an environment in which we could serve our clients with less costs to the firm and pass the savings on to them.”

Financial planning for the new normal

MDRN Capital’s innovative approach to retirement advising emerged as a result of Cirksena’s experience during the COVID-19 pandemic. Due to social distancing, advising during the pandemic shifted to virtual appointments. When social distancing was no longer necessary, Cirksena expected his clients would resume their pre-pandemic patterns. He was wrong.

“My clients let me know they preferred the comfort and convenience of virtual meetings to the hassles associated with having in-office meetings,” Cirksena says. “They didn’t miss sitting in traffic and searching for parking spaces, and I couldn’t blame them. Even the clients who lived only a few minutes away decided they would rather meet via Zoom than have a face-to-face meeting in our nice Class-A office space.”

MDRN Capital was designed to meet the client expectations that emerged during Covid. By leveraging technology to take his services to his clients rather than expecting them to come to him, Cirksena made advising more convenient and more cost-effective at the same time.

Financial savings for struggling retirees

Recent studies show the high inflation the US has been experiencing has a larger than average impact on many retirees. In response, many are looking to tighten their belts by cutting back on spending, but reducing the fees associated with retirement accounts is something few consider.

“For retirees, lower gas and grocery costs are certainly helpful,” Cirksena says. “However, cutting their investment management costs in half puts dramatically more money in their pocket over time than lower prices on goods ever could.”

To understand the impact MDRN Capital’s approach can have on retirees, consider that $250,000 earning seven percent over 20 years will grow to $967,421.12. Factor in a 1 percent fee, and growth is limited to $801,783.87, but raising the fee to 2 percent causes earnings to fall to $721,034.70.

Cirksena points to his industry’s failure to embrace modern technology as one reason why investment fees remain high.

“Unlike many industries that have used and adopted technology for decades to help lower costs and make services more efficient, the financial services sector has lagged behind,” he explains. “Many firms continue to incur unnecessary overhead and expenses, which their clients pay for in the form of elevated fees.”

The virtual investment environment Cirksena has created moves retirement planning into the future. It provides a financial service experience that is convenient, comfortable, and efficient while also ensuring that none of its clients’ investment potential is wasted on unnece

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Rosario is from New York and has worked with leading companies like Microsoft as a copy-writer in the past. Now he spends his time writing for readers of BigtimeDaily.com

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Business

Beyond the Courtroom: Carter Mario Law Firm’s Commitment to Client Care and Community Impact

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3 days ago

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October 8, 2024

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It’s easy to get lost in intense courtroom battles that pit plaintiffs and defendants in a strategic contest of wit. Yet, in these battles, there’s often a deeper narrative that goes untold — a story of client care, community involvement, and positive societal impact. To see this narrative in action, look no further than Connecticut’s Carter Mario Law Firm.

This personal injury law firm stands out not just for its legal prowess but for its profound dedication to client care and community engagement. Celebrating over 35 years of service, Carter Mario Law Firm has carved out a niche in the legal community, distinguishing itself through an unyielding commitment to advocate for those in their most vulnerable moments.

Carter Mario Law Firm’s unparalleled dedication to the community begins with putting clients first

At the heart of Carter Mario Law Firm’s practice is its focus on client care. Understanding that personal injury cases are as emotionally draining as they are complex, the firm institutes a support system that treats each client like family. From the team’s innovative zero-fee warranty to its comprehensive eight-point guarantee, Carter Mario Law Firm ensures clients feel supported and valued from day one.

In a testament to Carter Mario Law Firm’s confidence in its legal expertise, its zero-fee warranty promises that clients pay nothing unless a victory is won on their behalf. Meanwhile, the firm’s eight-point guarantee offers clients same-day callbacks, detailed attention by a dedicated team, round-the-clock availability, easy access to case files, and regular updates. Every point prioritizes client satisfaction and proactive communication.

Community engagement through the CarterCares Initiative

Beyond the walls of courtrooms and the confines of legal consultations, Carter Mario Law Firm extends its spirit of care into the broader community. Their CarterCares initiative is a program specifically designed to give back to the community through outreach activities, sponsorships, and educational programs.

“Our CarterCares program began with bike helmets,” recalls Alex Mario, one of the firm’s attorneys and daughter of its founder, Carter Mario. “My dad is an avid bicyclist and an athlete at heart who, through his line of work, realized the importance of wearing protective gear and that not everyone had access to it. The first CarterCares initiative helped provide free bike helmets to anyone in need across Connecticut. It ran for nearly two decades and grew as more people reached out. At the end of the day, we are here to help people, and that extends to our entire community.”

CarterCares is not just an addition to the firm’s legal services. It reflects Carter Mario Law Firm’s comprehensive understanding of its role within the community and represents a conscious effort to contribute to communal growth, support, and development.

By championing causes that matter and engaging in community service, Carter Mario Law Firm transcends the traditional role expected of legal practitioners, underscoring a belief in holistic service delivery. In a nutshell, Carter Mario Law Firm doesn’t measure success only by the number of cases it wins. Its attorneys want to create a lasting, positive impact in people’s lives and within their community.

Each year, CarterCares organizes and participates in charity events, intentionally selecting those that blend their staff’s expertise and resources with specific community needs. Whether sponsoring road races to support survivors of serious injuries or participating in blood drives, Carter Mario Law Firm embodies a spirit of service.

“Our staff is deeply involved in the CarterCares program, and we often choose organizations to support based on the causes they are passionate about,” Alex reflects. “We also believe strongly in supporting organizations that raise awareness for issues that impact our clients.”

Supporting the community with educational outreach and legal accessibility

Carter Mario Law Firm’s client-centric approach includes demystifying the legal process. The firm’s website, blogs, online videos, and direct engagements offer resources to educate the public on the nuances of personal injury law, from explaining legal terms and processes to offering insight on what to expect in various types of claims.

This educational outreach empowers the community and allows for informed decision-making when legal issues arise. Moreover, the firm ensures legal accessibility through features like its online client portal and the availability of Spanish-speaking services, reflecting its adaptation to diverse client needs and promoting inclusivity.

“You don’t know what you don’t know, and education is one of the most powerful ways we can support people,” Alex explains. “People appreciate getting their information from a trustworthy source, which is why we regularly share legal tips, explain legal terms, and discuss news and new laws.”

Carter Mario Law Firm offers a human touch in legal representation

What truly differentiates Carter Mario Law Firm in the landscape of personal injury law is the firm’s steadfast commitment to both professional excellence and human compassion. Client reviews and testimonials frequently highlight the firm’s attentive and empathetic approach, with clients feeling respected and cared for as individuals, not just case numbers.

Carter Mario Law Firm’s commitment to client care and community impact extends well beyond the boundaries of typical legal obligations. Through comprehensive client support systems, extensive community engagement, and a culture of empathetic advocacy, the firm not only assists its clients in navigating today’s legal challenges but also invests in building a stronger community for tomorrow. As Carter Mario Law Firm continues to champion community values, its work sets the benchmark for what it means to serve and succeed both inside and outside the courtroom.

“What I enjoy most about our work in the community is seeing the direct impact we have on people’s lives,” Alex concludes. “Our outreach started with something as simple as providing free bike helmets, but the gratitude and positive response we received fueled us to do even more. There’s a deep sense of fulfillment in knowing that we’re making a real difference. It’s not just about serving our clients — it’s about extending that care to the entire community, helping where we can, and creating lasting positive change.”

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