This week’s episode:
Market outlook: the market is holding up but the fundamentals behind it remain as bad as ever. This week we saw five more commentators come out to warn about a correction. Everyone’s talking about higher interest rates. On top of that, Senator Rand Paul just called for an audit of the Federal Reserve Bank; he says they are keeping interest rates down and blames that for the 2008 crash. He sees another crash in our future and said he wishes he could tell the voters when it will happen!
Retirement tips: CNN Money does a lot of work on personal finance and retirement milestones. They reckon your accumulated retirement savings should be 12x salary when you’re 65. When you consider that the average savings at age 65 is $159,000, a lot of us not where we should be! That’s an important reason to come in and see us: we can tell you if your savings is growing fast enough, if it’s not we’ll give you a solution.
Safe Investing in the New Economy: that’s our radio show name and slogan because we know it’s very hard to do! Here’s what we mean. Most people rely on market brokers to save for retirement. FINRA is the government-linked organization that handles complaints about brokers. Visit FINRA, search their site for “complaints” and you will find 330 pages of topics around complaints. We work with insurance companies because they have strict procedures to avoid complaints. We work hard to deserve your business and give you a good saving experience. And the results? A+ rating with the Better Business Bureau and more than 400 happy investors at our Christmas party!
IRA / 401k: these are the main vehicles for retirement savings. Saving is hard work, shouldn’t your money work as hard as you do? Your savings need to earn a good return — and every bit of return matters. If you invest $100,000 for 20 years, a 1% per annum difference in your return is worth $22,000 to you. Come in and we’ll give you a free, no strings portfolio review.