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Missed Fortune – What the Boomers Need To Hear Most

Posted on | August 5, 2013

A Warning To the Boomers

There are about 78 million Baby Boomers in America. This group includes everyone born between 1946 and 1964. When Doug’s book “Last Chance Millionaire” was released in 2007, the average Baby Boomer only had around $55,000 saved for retirement.

Most of them also had some assets, but too many persist in doing the wrong things by continuing to follow whatever the crowd is doing. The danger here is that many Baby Boomers who have kept their retirement savings in 401(k)s and IRAs are in real danger of outliving their nest eggs.

The good news is that it’s almost never to late to turn things around by doing the right things to help them reach their brighter future. In the book are four examples of people Doug helped to save an additional $1 million toward retirement. Best of all, they did it in about 10 years, with their existing assets and without having to increase their outlay.

Once they were properly set up and safely earning a predictable rate of return, an additional million dollars could provide an extra $70,000 to $80,000 a year in tax-free income. This means they could now rest easy without worry of outliving their retirement savings.

When we keep doing what we’ve always done, the rule is that we’ll keep getting what we’ve always gotten.

These folks were helped to see opportunities that they did not know existed before and it put them on the path they wanted to be on.

The Value of Knowing What to Do

When people work to build a nest egg that is secure against higher taxes, rising inflation and market volatility, they quickly learn that wealth is more than simply money.

It comes from having all the crucial areas of our lives in balance including our health, our spirituality, our family, and our finances. When it comes to leaving this legacy to our children and grandchildren, we hand down knowledge and wisdom along with everything else they inherit.

If we have done our part, they’ll understand that the rules and strategies that worked for us, will also work for them if they apply them. This is the equivalent of being able to hand down to your descendants, not just Phil Mickelson’s golf clubs, but also his actual golf swing.

Knowing what to do is much more powerful than simply having the resources to do something.

People who have used the Missed Fortune strategies have learned to apply proven methods for accumulating money that remains tax-free. They don’t fear inflation because they have been shown how to link their returns to things that inflate. This means that inflation actually benefits them.

They understand how to index their serious money to the market without putting it at risk directly in the market. This way, when the market declines, they don’t lose any money. On the other hand, when the market grows, they are immediately enjoying the benefit of that growth.

These strategies allow a person to move with confidence toward that brighter future. They also provide a great learning opportunity for our families so they too can benefit from this knowledge.

Learn more by visiting with a wealth architect today.

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

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