Why is income different than accumulation?

Written by on 11/19/2014 9:02 PM . It has 0 Comments.

 

 


Did you know that if you saved just $100 a month for 30 years at just a 6% interest rate you would have $100,000?

 

Most people 97% of Americans do not have even a simple financial plan.  The issue has never been the rate of return, or what the stocks did today that causes 97% of Americans to be Dead or Dead broke by 65 living on just SSI…  The issue is lack of a financial plan that focuses on systematic savings in guaranteed no loss vehicles.  

 

When I meet with new clients I always ask “why is your retirement at risk?”  why is there risk in your plan when you can get fair returns without risking anything?  The answer is typically without a financial road map to follow (A plan).  All we have been taught is we need the highest rate of return we can find.  So we “risk it all” for no reason.

 

Let me ask you a question.  If you have $100,000 right now in cash, how long will it take to double at a 5% return?  

 

The hardest thing for me is to also meet clients that have saved enough for retirement, but are afraid to use any of it, so they use as little as possible and never take that Alaska cruise, or have that family reunion.  Why?  Because they don’t have a plan.  Without a plan if you have $200,000 in your retirement account and took out $20,000 you may run out of money!  Or would you?  Here is another question to think about.  If you are 65 and making a 5% return, could you take out $20,000 for that cruise?  Would you run out of money?

 

If you don’t know the answers to these questions, or don’t know the best way to pass on your estate without giving it all to the government all you have to do is ask.  GDI will do your financial plan for your family or business for free all you have to do is call.  GDI cares more about your secure financial freedom.  Just give us a call. 

 

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