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.
Warren Buffet once said that it’s not so much a return on your money, but a return of your money that counts. So many Americans would have loved a 0% return on their money over the last year, instead of a negative 30, 40, 50% or worse.
Is there any such vehicle out there that still gives a decent rate of return, but with protection from any downside risk?
Americans have learned through the current debacle that 401Ks, IRAs, mutual funds and most things related to the stock market are mostly defective. So many people who were set to retire in 2009 now must work another 10 years to get back what they lost to the market the year before.
Financial experts did predict something like this would happen. But, they did not know when or how terrible it was going to get. How long must we endure this?
If one find the right tools, slowly re-constructing their financial state, one can still make the retirement they once dreamed of. Obtaining the right financial planner is necessary.
Only 4% of Americans will reach retirement, according to the Social Security Administration. (Source: U.S. Department of Health and Human Services, SSA Pub. #13-11871). Studies also show that only 4% really seek the help of a financial advisor.
To make matter worse, not all financial planners give the best advice. They do not always serve the best interests of their clients. Does it really make sense that an advisor should get paid to lose your money? It happens all the time, even now, as you read this.
A fantastic financial planner will aid you in battling these two vital 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.