Possibly the best piece of advice is to diversify your assets and not put too much money into any one thing or investment. There are less risky places to stash your cash. Seek the assistance of our professionals on cash flow advice and lifetime income planning. If you already have a relationship with a local investment advisor, reach out to them for help and advice. Most retirement specialist will offer advice free of charge. Either way, just ask and;
Get the advice and help you need.
Do your homework and ask around, make a few calls… maybe even one to My Money Track?
Taxes are the single largest expense you’ll have throughout your lifetime. One of USA’s billionaires, John Rockefeller stated,
“the best way to get rich is to never pay taxes on money you don’t spend.“
In other words, utilizing tax deferred and tax advantaged accounts and investments are critically important to you and your families long-term wealth and survival.
Legally delaying the payment of income taxes for as long as possible is one of the wisest wealth enhancing moves you’ll ever make. Using an IRA or ROTH IRA, 401k’s, 403b plans and PRA’s (pension retirement accounts) funded with fixed, indexed and/or newer hybrid long-term care annuities could be some of your best choices for low risk protected growth. Recently passed new ERISA laws now allow investing a portion of your companies sponsored 401k plan into Qualified Longevity Annuity Contracts (QLAC)
Bottom line; most people just are not very savvy or even good investors… in fact most of us suck at investing. Isn’t it time for you to make a change?