YOUR BIGGEST RISK TODAY – A LONG LIFE!

A large percentage of today’s retirees are facing a “longevity crisis” and outliving their savings. Some of my friends are facing this very real crisis. One spent the bulk of his 401K on his three kids’ college education. Because he loves his children. Two have small pensions and are financially struggling. Another is afraid he cannot afford to retire. When you add in the risk of catastrophe illness, their risk ...

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This Group of People Is Most Likely to Retire Broke

This Group of People Is Most Likely to Retire Broke https://www.fool.com/retirement/2019/05/23/this-group-of-people-is-most-likely-to-retire-brok.aspx If you refuse to attempt to save for retirement, it is 100% guaranteed you will retire broke! Unfortunately those people earning <$50,000, include a large percentage of women and minorities. You CANNOT keep singing the Woe Is Me, ballad! Keep reading this post to learn the action you can take starting TODAY! EXERPT FROM ARTICLE “Approximately 60% of workers who earn less than ...

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NOTHING YOU WILL DO IN YOUR LIFETIME REALISTICALLY, WILL WASTE MORE MONEY THAN BUYING A NEW CAR!

NEW CARS VERSUS A HUGE JUMP IN YOUR NET-WORTH I often hear or read similar below comments: I have $80,000 in college loans that are killing me. Backbreaking DEBT! I cannot afford to contribute to my 401K.I will never be able to retire.Life is unfair!I just purchased a brand new Porsche! 718 Cayman Porsche - Is It Worth It? Wait one minute - did you just say, you owe $80,000 in college loans; contribute $0 ...

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2019’s YEAR END BLOG – HAPPY HOLIDAYS

I started publishing Wealth Building Powers blog when I was suddenly sidelined from my professional career for health reasons. I worked in a field that strives to protect the lives and health of employees and the neighbors in the surrounding communities. I enjoyed my field and miss it as I made a difference by sending employees home safely at the end of their shifts and the end of their work ...

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DO YOU FEEL SECURE ABOUT RETIREMENT?

What is the one thing we do not want to happen in retirement? I say death, but as this is an investment and finance blog- RUNNING OUT OF MONEY! Financial professionals recommend to maintain your current lifestyle in retirement, you need about 70-90% of your FINAL income, EACH YEAR. If your retirement final income is $100,000 you need $70,000 to $90,000 annual income. Because of the extension of life expectancy and ...

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STAY THE COURSE – NEVER EVER RUN OUT OF MONEY!

One sure-fire way to live a good, no make that great retirement is to utilize all the savings tools at your disposal today. The past two blogs discussed the 401-K Plans, both the Traditional and the ROTH. Let us look at two additional retirement tools, the Individual Retirement Account (IRA) and the ROTH IRA. Even if you have access to a 401-K, an IRA is a GREAT investment tool. Think ...

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SIMPLY AMAZING BENEFITS -THE 401-K & ROTH 401-K

Last week, I discussed the best retirement investment tool, the 401-K Plan (401-K). This week we wil look at a variation of the 401-K, called the ROTH 401-K. For those of you who have a ROTH IRA, the rules and benefits are similar. Vanguard Investments’ data indicate 60% of their client companies offering a 401-K plan offer both a traditional plan, and the ROTH 401-K. However, Americans may not completely understand ...

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$1 MILLION – THINGS YOU NEED TO KNOW! (Interview #1)

This week I interview a young man, Jake, whose household Net-Worth is on a great trajectory. Jake and his wife Jen, in their early 30’s, have already built a Net-Worth, that is 30 times greater than the average American Household for a couple their age. THIRTY TIMES GREATER - bears repeating. So lets take a look at their strategy and accomplishments! By the way, Jake ...

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