If you have been paying attention at all, you know that the national economic situation is unstable and uncertain at best. Last week the DOW Jones dropped over 1000 points making many people feel about their retirement portfolio almost the same as standing in an elevator that all the sudden drops a foot or two. That terrified gut wrenching feeling of dread and hopelessness because you feel like there is nothing you can do but brace yourself for impact.
Millions of Americans felt this last week and as a result began to ask the question, “what can I do to keep the bottom from falling out of my portfolio and retirement accounts?” In 2008-2009 I remember being a younger man just looking for work in a tough economy. But what I remember more than anything was the number of retired age men and women who HAD to keep working because they had lost nearly 40% of their retirement. Because of that, they lost almost half of their ability to retire and so had to keep working until their accounts rebounded. For most the amount of time it took was between 7-10 years to fully recover. That’s because for a 40% loss it takes more than a 65% gain just to break even. Why? Because the time it takes for that recovery is years and over the years taxes and inflation increase requiring more than the initial loss to get back to even.
Did you know that during this time there were people who had retirement accounts that did not lose a single dollar? Not only that, but when everyone else had to keep working until their accounts recovered these individuals retired comfortably and stress free and when the markets began to recover these individuals’ accounts grew in some cases 7-15% annually!
You see, they were able to ride out the economic storm because they had learned about financial products that do exactly what is described above, protect from losses, gain with the market and oh by the way, in many of these products you can access your gains tax free using little known yet very effective tax codes.
So, if you are one of those individuals like so many millions of others, who felt the dreaded feeling of the bottom falling out of the market even if only for a moment. And that moment made you realize you are not ready for a crash, that in fact a crash may well destroy your ability to retire as planned, then you need a crash helmet. We can help with that! We educate our customers and clients on all their options to avoid getting financially wrecked in a potential market collapse. We love the feeling of getting an “Ahhh, I see how that works!” from our customers and clients. Once you see it, you can’t unsee it!
Let us know if you would like a brief educational breakdown of some options that can protect you, your family and your retirement from a major market crash!
