Tough Times

It's hard to put on a happy face when the economy is shaky, home and stock values are falling, and food and gasoline prices are rising. Concerned about your retirement savings? You’re in good company. Those investing for or already in retirement are seeing their savings drastically shrink. Many are concerned about their ability to save more and enlarge their retirement nest egg.

In a recent article I wrote called ‘Winds of Change’  I explain why it’s time to take a drastically different approach. Bottom line:

When you look at the past 100 year history of the Dow Jones you will see obvious cycles. We are now in a secular bear market that will most likely last another 10-12 years. You simply don’t have time to ‘wait it out’.

Here are several tips from my ‘Retirement…Ready or Not’  Seminar

    * Deal with the shame of financial losses…Get help with starting a plan to recover
    * Use financial advisors that know how to use market volatility to your advantage workshop
    * Understand the counter risk of having too much money in banks as you flee  the stock market
    * Be open-minded about changing strategies in order to retire on time
    * Do not seek financial advice from someone who only ‘sells’ products

Be proactive. Seek advice from a registered advisor or do it yourself with planning software that will point out the flaws in your plan. Start now so you can retire on time.