The word “crisis” has become quite popular in our 24-hour news cycle. It’s a word media outlets have attached to everything from student loans to weight gain to a national shortage of biscuits in an attempt to maximize the eyeballs on their content.
[CLICK HERE to read the article, “The Great British Biscuit Crisis is finally over,” from The Independent, April 7, 2016.]
[CLICK HERE to read the article, “The Strange Case of the Missing Crisis,” from The Wall Street Journal, April 8, 2016.]
However we believe most, if not all, of the issues labeled as “crises” can be solved over time, whether it’s with a long-term plan, a change in legislation or perhaps new personnel brought in at the next election.
Take, for example, the “retirement savings crisis.” It’s a term we may have heard used to describe the national financial situation, but at the individual level, it doesn’t really become an issue unless you were to run out of money. Nobody wants to leave the workforce only to realize they didn’t have enough money saved up, but we believe this is one potential challenge that can be resolved before it happens, even before you retire.
For example, you may be able to reposition income-producing assets now to become guaranteed fixed income-producing assets later.* We’re happy to consult with you about how this can be accomplished, and help determine whether it’s a viable option for your individual financial situation.
[CLICK HERE to read the article, “How to Solve America’s Retirement Crisis,” from Time, 2016.]
When it comes to finances, the challenges you may encounter differ from anybody else’s. During the last recession, generally middle- and lower-class workers got hit the hardest. Many homeowners became renters, and some renters became homeless. Meanwhile, some higher net worth folks reined in spending, so second homes and other luxuries got put on hold.
[CLICK HERE to read the article, “American Dream Lost: Financial Crisis Created Massive Shift of Homeowners to Renters,” from News One, April 8, 2016.]
[CLICK HERE to read the article, “How to Solve the Housing Crisis: More Lawyers,” from Bloomberg, April 8, 2016.]
[CLICK HERE to read the article, “Election, economy hit vacation homebuyers where they live,” from CNBC, April 6, 2016.]
A financial professional may be able to help you create retirement strategies using a variety of insurance and investment products to help you meet your retirement income goals. If you have questions or need assistance, please keep us in mind.
*Any guarantees and protections are provided by insurance products including annuities that are backed by the financial strength and claims-paying ability of the issuing insurer.
This material has been prepared for our firm and contains general information to help you understand basic financial planning strategies that may help you work toward your financial goals. Please understand that we cannot make any promises or guarantees that you will accomplish such goals. All investments are subject to risk including the complete loss of principal.
Throughout, we may generally discuss different financial vehicles; however, nothing contained herein should be construed as a recommendation to buy or sell any financial vehicle, nor should it be used to make decisions about your investments.
The information contained in this material has been obtained from third-party sources believed to be reliable, but accuracy and completeness cannot be guaranteed; it is not intended to be used as the sole basis for financial decisions.
If you are unable to access any of the news articles and sources through the links provided in this text, please contact us to request a copy of the desired reference.