Missed Fortune Super Blog

A Savings Vehicle That Makes All the Difference

Missed Fortune – “Sound” Retirement Guidance

Posted on | April 2, 2009

A popular investment company recently sent out a newsletter claiming good and sound retirement guidance.  They asked a good basic question.  “Has the economy changed your retirement plans?”

They ask this question because they want to get you to come in to get your retirement goals back on track.  This company is not alone.  Many of popular investment companies are advertising for new clients right now.

The sad part about these efforts is that the vehicles they will suggest you use in your “planning” are traditional tools.  Savings accounts for minimal risk and short range goals, for longer time periods, diversify your portfolio among various stocks and mutual funds within your 401(k) and IRA.

financial advice Missed Fortune   Sound Retirement GuidanceHasn’t everyone woke up to the fact that these products have failed.  Saving accounts have trouble competing with inflation, especially with fears about inflation due to devaluing of the dollar.

Many economists are screaming that you can’t print a trillion dollars and infuse it into the economy without consequences, one of which is inflation.

401(k)s and IRAs have also failed miserably because of lack of safety.  It’s not uncommon to speak with clients who have lost 40%, 50% or even 60% of their retirement savings.

The sad part is that they did exactly what so many “experts” said to do.  Save, save, save, and put your money into specific products that would give great returns and be there for your “rainy days” of retirement.

Well folks, the rain has come, and the money was washed away.  I don’t know about you, but I’m thinking, this didn’t work out so well.

The Missed Fortune strategies were created on this premise.  Rains come!  And when they come you need safety of principal.

In other words, your serious money needs to be put in safe places, but also have a potential of a good return when the market is up.

This is exactly why we like Equity Indexed Universal Life, when structured the right way.  When the market is good, you can participate.  When the market is bad, you don’t participate (at least not at the level as everyone else).

I like having my cake and eating it too – good returns potential, much more than CDs or savings accounts, and lower risk, much less than the popular investments.

Right now, those who had baked a cake based on traditional advice have found it was cooked with rotten eggs.

Photo by laughlin

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*Life insurance policies are not investments and, accordingly, should not be purchased as an investment

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