YOUR FINANCIAL INDEPENDENCE
YOUR FINANCIAL INDEPENDENCE
The average U.S. couple will fall approximately $250K short of what they will need to live on after they retire. How is that for a slap upside the head? The largest retirement class ever (Baby Boomers) is currently facing this issue. We were told over a year ago by those that study financial trends/crises that the recovery would be slow, & the economy would be fragile for some time. Investors drunk in the euphoria created by the “Stimulus Package” are now in dire need of hangover meds as the stimulus nears its end & we are left to wonder if the $2 Trillion mattered.
Many of us are left to wonder how
to make our nest egg grow & how we can declare our financial
independence from the gut wrenching ups & downs of the stock
market.
Financial experts & gurus continue to “waffle” & cannot
agree on where it is safe to invest. All of this leaves
conservative investors in a quandary: do I continue to park my
money as I have the past 3 years in money market funds & CDs
that pay almost nothing while waiting for better paying U.S.
Treasury bonds & CDs to arrive? Do I take a chance on
riskier funds that pay more but are subject to the tinkering of
the Federal Reserve?
Based upon current economic trends it may be wise to consider
investing in canned goods & ammunition. Truly there is no easy answer,
& a one size fit all plan certainly does not
exist. In my
opinion, the “Baby Boomer” nation has relied far too long on
others to dictate & control how & where our funds are
deployed. While I
am a proponent of following in the foot steps of our nation’s
elite earners & using Real Estate as my wealth building
vehicle of choice; I also believe that diversification is
imperative. At the
forefront of investment planning is knowledge, a.k.a. Financial
Literacy.
This is a time of transformation
& the time to take responsibility of your financial
independence; making financial literacy a life-long priority.
The IPad generation
has allowed even technically challenged souls such as I
accomplish sophisticated tasks with the touch of a
finger. Financial
strategists nationally & abroad agree that the current
environment is too risky to justify prudent investors hanging
around hoping to get lucky & agree that a 4% return is
respectable.
Whether it is or isn’t is relative to each of us; but shouldn’t
you be the one to determine that? Investing isn’t about more
choice, it is about greater insight. This is a time of
simplification & our financial future is now about managing
risk all in one place. You will not fail due to lack
of information available to you. Hmmmm, IPad finance,
kind of catchy.
Happy Investing!
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