Don’t wait for it to be too late!
There are threehundred thousand Baby Boomers per month set to retire until 2029, that’s approximately ten thousand a day. Even here, in Nevada, our population of 65 and over is expected to grow to 25% by 2030. So, what happens when they start pulling money out of their portfolios instead of putting money into their portfolios? How is that going to affect YOU and YOUR retirement savings?
Big time shifts in our demographics like the boomers retiring and things we cannot control, like China’s Economy, Inflation, Deflation, Obamacare – succeeding, or failing, all have one thing in common.
Every one of those items represents an economic event, that, if it were to occur, would have a significant impact on your portfolio's value. That’s right, your life savings are often positively affected, or negatively affected, based upon circumstances under which you have no control. But you know what you do control? You do control your ability to find out how these events may affect your portfolio BEFORE they happen. And, you control your ability to take steps to protect yourself, before they happen.
If you would like to see a real life example of a portfolio stress test, tune into Redefining Retirement this Sunday at 5:30 p.m.
To speak with a retirement planning specialist, give our office a call (775) 853-9033.