In this week’s episode:
- Three separate articles (from the DailyWire, Iconic Investor Rogers: Biggest Crash in My Lifetime Within the Next Two Years; from Marketwatch, There are only two other times in History when stocks were more expensive than today, and Bill Gross warns US market risk is at highest since 2008 crisis) are all in agreement the we are in for a healthy correction. Although nobody knows when it will happen, exactly, or how big it is going to be, some are calling for it to be as bad as 1929.
- The large wire houses are anticipating a correction, so they are already educating their clients that it is OK to have a 30% or 40% correction in your retirement plan in hopes that they will not panic. In my book, that big of a correction is never OK.
- Upgrade your old life insurance policies to include Long Term Care. Long term care on the average in the state of Alabama is $72,000.00 per year.
- We recently had three clients pass away. Hear at Safe Harbor Financial, you are family. We are here through thick and thin. We are here to help.