The markets have shifted. Times surely have changed. There is a life-threatening disturbance in our economic system that is affecting the world. Those outstanding returns in the stock market are gone, but what's worse is that a huge percentage of principal has disappeared as well.
Like Warren Buffet said, "It's not so much a return on your money than it is a return OF your money that's important". If only everyone followed his #1 rule of "don't ever lose money". (Rule #2 is "don't forget rule #1)
Is there any such vehicle out there that still gives a decent rate of return, but with protection from any downside risk?
People these days have learned the hard way that mutual funds, 401Ks, IRAs and the like are generally flawed. We're talking about peoples' hard-earned money that they're relying on for retirement. Many people who were planning on retiring in 2009 or next year now have to work at least 10 more years just to gain back what they lost to the market in the last 6 months.
Believe it or not, many financial analysts saw this coming. They just did not know exactly when this was going to occur and to what extent the damage would be. How long must we sustain this?
It is a matter of having the best tools, rebuilding slowly, but surely, to create a retirement worth looking forward to. It does take a little discipline, but more importantly, it takes the right person to help.
According to the Social Security Administration, only 4% of Americans will ever reach financial independence. (Source: U.S. Department of Health and Human Services, SSA Pub. #13-11871). Another statistic states that only 4% of Americans actually seek the advice of a financial planner or wealth strategist.
To throw another curveball, not all financial advisors are really out to help you. It's not always their fault. It's simply that the only system they know is flawed. Does it make sense that an advisor, who just lost a ton of their clients' money, is still receiving a percentage of that account?
A great financial planner will aid you in battling these two important matters: taxes and inflation. The 4% minority becomes financially independent because they have successfully beaten these two battles.
What if you did not have to work anymore? The return from your nest egg gave you enough consistent earnings so that you could truly do whatever you wanted. Would you visit some place off the coast of the Virgin Islands, or live there for that matter? What if money was never that much of an issue anymore?
Welcome to retirement. Welcome to financial independence.
Like Warren Buffet said, "It's not so much a return on your money than it is a return OF your money that's important". If only everyone followed his #1 rule of "don't ever lose money". (Rule #2 is "don't forget rule #1)
Is there any such vehicle out there that still gives a decent rate of return, but with protection from any downside risk?
People these days have learned the hard way that mutual funds, 401Ks, IRAs and the like are generally flawed. We're talking about peoples' hard-earned money that they're relying on for retirement. Many people who were planning on retiring in 2009 or next year now have to work at least 10 more years just to gain back what they lost to the market in the last 6 months.
Believe it or not, many financial analysts saw this coming. They just did not know exactly when this was going to occur and to what extent the damage would be. How long must we sustain this?
It is a matter of having the best tools, rebuilding slowly, but surely, to create a retirement worth looking forward to. It does take a little discipline, but more importantly, it takes the right person to help.
According to the Social Security Administration, only 4% of Americans will ever reach financial independence. (Source: U.S. Department of Health and Human Services, SSA Pub. #13-11871). Another statistic states that only 4% of Americans actually seek the advice of a financial planner or wealth strategist.
To throw another curveball, not all financial advisors are really out to help you. It's not always their fault. It's simply that the only system they know is flawed. Does it make sense that an advisor, who just lost a ton of their clients' money, is still receiving a percentage of that account?
A great financial planner will aid you in battling these two important matters: taxes and inflation. The 4% minority becomes financially independent because they have successfully beaten these two battles.
What if you did not have to work anymore? The return from your nest egg gave you enough consistent earnings so that you could truly do whatever you wanted. Would you visit some place off the coast of the Virgin Islands, or live there for that matter? What if money was never that much of an issue anymore?
Welcome to retirement. Welcome to financial independence.
About the Author:
Don't be too discouraged about the economy and building your nest egg. There really are methods to create financial indepenence without losing to the market. Ask a financial advisor who can assist you achieve your financial goals.
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