Did you know that almost 50% of Americans live pay check to pay check? 

This may come as no surprise to you, but what is a shocking and unfortunate is the number of individuals and families leaning on credit cards to make ends meet. 

      When you think of fixed income, often times you think of low-income families working low paying jobs trying to afford things they had no business getting a loan to buy in the first place. But the reality is, large numbers of Americans are living on fixed income because they are elderly and in retirement years living off their old pensions, 401K, social security or variable retirement accounts. Most of these individuals do not really have much means of making up the difference that inflation is creating between what they have per month and what is needed to survive. Because of this they are leaning heavily on credit cards. 

      While fixed incomes are losing to inflation, so are savings accounts. You see, there is a swath of older Americans, Baby Boomers, whose primary financial goal was to save, save, save. The problem with saving and storing “cash,” be it under the mattress or in a bank account is that it has no hedge against inflation. In fact, it loses to inflation just by sitting idle in an account doing nothing. If you set a $100 dollar bill in a drawer in 1970 and pulled it out to spend it today, it can only purchase about 1/10 what it could when you put it in the drawer. But that same $100 put into an account that won’t lose in a market collapse and also earns an annual compounded return of just 8% in the same amount of time would be worth over $5,000! That’s right $100 grows to $5,000 in a 50-year period. That is the power of compound interest working for you and not against you. Imagine if it was $1,000 invested, that would be over $50,000. And then of course $10,000 invested over the same time and rate is $500,000. 

      For most people if they could have set aside $10,000 in an account that grew an average of 8% compounded annually and they now had $500,000+ and were debt free, they could live a humble and comfortable life. Now consider your own situation and family. If you can put aside something similar or possibly more for a similar amount of time what could this do for you and your family? Would it make caring for you in your more fragile years easier? Could it ease the stresses of uncertain market conditions? Could it allow you to pass on a legacy to your loved ones that they could then invest for their own moment in the future where this would be a blessing for their family to have such a cushion? Most people I talk to agree that this is powerful and they want to have something like this for themselves. That is what we do! In fact, we love what we do! Educating people on how to grow, build and protect their wealth for the sake of generational benefit is a passion point for us. Too many Americans are unaware of how inadequate their current retirement tools are. You need a target, a goal to reach, but how do you know what it is? You sit down with us and we educate on how to get there and then we provide the tools to make it happen.