The year 2008 was a turning point in the lives of many, mostly for one reason: there was a dramatic crisis of confidence in our credit market combined with a process called ”deleveraging” which meant companies were no longer borrowing to invest. Since 2008, a worldwide economic slowdown has had a negative effect globally. This has created a challenge for our government and especially for Federal Reserve Chairman Bernanke, whose job it is to find ways to stimulate the economy and get it back on track.
We are now living in a low interest rate environment, primarily a result of the Federal Reserve Board’s (commonly called “the Fed”) decision to keep interest rates low in order to stimulate business and, of course, the general economy. So is this a good thing or a bad thing for seniors? As in most things in life, it depends on your point of view. Continue reading →
We have all seen statistics showing how our population is living longer. U. S. Annuity 2000 Mortality tables reveal that there is a 57% chance that one of a 65 year-old couple is going to live to age 90. We tend to relate to life expectancy at birth, but need to focus on life expectancy during retirement. Proper planning is the only solution. Will the lack of proper planning cost you, your spouse or your children? Are your lifetime income needs realistic? How well have you planned for your senior years? It is like The Good News Story and The Bad News Story:
Good News: You are going to live longer.
Bad News: You are going to live longer.
In my thirty years of helping clients with their planning, I have discovered two very important obstacles to securing the golden years: Continue reading →
If you are working, you are saving and investing assets for your future use. The most important use is retirement years when your assets produce income that supplements payments from Social Security and company pension plans.
The more assets you accumulate during working years, the higher your standard of living during retirement years. Increased assets also enhance financial security late in life when you need it the most. You cannot have too many assets. Continue reading →
According to the Wall Street Journal, some companies are raiding their pension plans. This may create a hidden risk for you. Read the article titled Who Killed Private Pensions?
You accumulate retirement assets four ways: Social Security, company retirement plans, personal savings, and investment performance. Once you have accumulated a critical mass of assets, performance is several times more important than the three forms of savings.
You better KNOW you are receiving good advice and competitive performance when you invest your assets. Given the current economic and business environment, this is not the time to HOPE everything is ok.
Watch for new FREE offerings from Investor Watchdog in early 2012 that will provide the information you need to know you can retire when you want to and live comfortably the rest of your life.