63 Millennium - Twenty-second Edition BUSINESS, FINANCE AND ENTREPRENEURSHIP through strategically drawing from a portion of the total returns their income generates, ideally when the market is performing well. This is where Mr. Fontana’s expertise shines brightest and where clients appreciate his guidance more than ever. It is this hands-on, personal approach that sets his firm apart from larger corporations, while still offering the same guaranteed cash flow to ensure stability to clients. When he’s not helping people achieve financial freedom, Mr. Fontana spends as much time as he can with his two sons, sponsoring their sports, attending a Steelers or Riverhounds game, or cheering them on at one of their competitions. He’s always down for an adventurous hike and likes to give back his time volunteering in the kitchen of Pittsburgh’s East End Cooperative Ministry. Periodically, Mr. Fontana still wears his teaching hat as he invests in the next generation of retirement planners by teaching a course titled “The Changing World of Retirement Planning” at Penn State New Kensington. individuals transitioning into retirement while minimizing their taxable income. Mr. Fontana’s clients have access to his exclusive Pension Plan 2.0 – the Better Way to Retire. Generally, retirement savings have two phases: accumulation, when a person builds their retirement accounts, and distribution, when they convert those accounts into retirement income. During distribution, new risks are often introduced, such as market downturns, unpredictable tax rates and inflation. The final and most significant risk is longevity, when someone may outlive their savings. However, the Pension Plan 2.0 is a comprehensive strategy that mitigates or even eliminates these risks, giving retirees the peace of mind to retire without worry. By creating a fixed, contractually guaranteed stream of income, the retiree’s portfolio will be protected from market risk. How exactly does this approach mitigate the most significant risk – outliving our money? It’s
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