Insurance Industry vs. Wall St. for Income During Retirement
If you’re an avid listener to the Retirement Rescue Show, heard on AM950 Saturday mornings at 8, you are familiar with the concept of using your financial vehicles for what they were designed to accomplish. For example, you wouldn’t use a spoon to eat spaghetti would you? Of course you wouldn’t. A spoon was not designed to be used in that manner. Retirees would be well served to apply that same concept to their portfolios to guarantee they do not outlive their nest egg while protecting against inflation...
The Math Behind Our Country’s Greatest Challenge …Ever.
As the Presidential election has now come and gone, and the hopes of millions of Americans have either been crushed or fulfilled, the question now becomes: Where do we go from here?
If you’re in or nearing retirement, these are facts you absolutely must understand if your broker is advising that you “Stay the course”. The stock market’s post-election fallout/nosedive of 312 points in a single day may just be the beginning of things to come...
Words of Wisdom
Stephen Watts is the author of Retirement Rescue: The Book, which portrays the common sense approach to retirement-phase decision making, such as how to remove risk from your portfolio without removing reasonable growth and how to choose the right advisor in your golden years.
Quantitative Easing 3 in Easy to Understand Terms
Our Federal Reserve, led by Ben Bernanke, just announced they will begin another round of large scale bond purchases in order to spur the economy and create job growth. This time, it will be $40 billion per month of bond purchases until the economy improves. That means there is no date set which this will end. It’s just an open-ended $40 billion per month that we will print out of thin air. This is the 3rd time we’ve attempted this strategy in the past few years, hence the name Quantitative Easing 3 or QE3.
Sorting Through Retirement-Phase Spin
If you are in or approaching the retirement phase of your financial journey and are having trouble making heads or tails out of the conflicting or otherwise confusing information coming from various media and professional outlets, you are not alone! In many ways getting the straight scoop from financial professionals is like trying to sort through the various campaign trail rhetoric this election season.
Retirement Rescue Show Sneak Preview!
Each week, the Retirement Rescue show provides Houston-area retirees—or those just planning for or interested in retirement—with crucial information they can use to improve their chances at a safe, secure, prosperous retirement.