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| 67 Year Old Loses 70% in the Market |
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| Written by Michael Romsleo |
| Tuesday, 07 April 2009 13:11 |
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Times are different. Markets have changed. The economy is tumbling to historical lows. People who loved getting those great returns in the stock market have not only lost their gains, but their principal too. "It's not so much a return on your money than a return OF your money that's important", Warren Buffet once said. Many Americans would have surely enjoyed a 0% return on their investment in 2008, rather than the depressing negative returns they received. Is there anything out there that can give a potential double digit return, but also guard against downside risk? Americans have discovered 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. Did anyone see this coming? Many experts did, but had no idea when and to what extent of turmoil our country and world, for that matter, was going to suffer. But how long must we suffer? As long as we begin now to find the tools necessary and rebuild slowly, anyone can create the retirement they deserve. It is a matter of discipline, as well as, finding the right advisor to help you. 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% actually seek the help of a financial advisor. There are millions of financial advisors out there, however, that do not give the best advice; that are not truly serving their clients' best interest. Does it make sense that the same advisors that lost their clients' money in the stock market are still getting paid by simply moving their clients' retirement funds around? 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. Suppose you could erase the word "work" completely from your vocabulary and the only things that involved sweat in your life was working out, and sitting comfortably on a beautiful sandy beach overlooking a clear blue endless ocean under the Caribbean sun? What if your nest egg yielded enough earnings consistently that you could fire your boss? Say hello to retirement. Say hi to financial freedom. About the Author: Don't be too discouraged about the economic turmoil and your retirement. There really are methods to build financial indepenence without losing to the market. Ask a financial advisor who can help you achieve your financial goals. Kindly provided by LJ-Marketing.dk You are welcome to use this article on your own website, if you include the link just before this text. |
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