The word “crisis” has become quite popular in
our 24-hour news cycle. It’s a word media outlets have attached to everything
from student loans to weight gain to a national shortage of biscuits in an
attempt to maximize the eyeballs on their content.
[CLICK HERE to read the article, “The Great British Biscuit
Crisis is finally over,” from The Independent, April 7, 2016.]
[CLICK HERE to read the article, “The Strange Case of the
Missing Crisis,” from The Wall Street Journal, April 8, 2016.]
However we believe most, if not all, of the
issues labeled as “crises” can be solved over time, whether it’s with a
long-term plan, a change in legislation or perhaps new personnel brought in at
the next election.
Take, for example, the “retirement savings
crisis.” It’s a term we may have heard used to describe the national financial
situation, but at the individual level, it doesn’t really become an issue
unless you were to run out of money. Nobody wants to leave the workforce only
to realize they didn’t have enough money saved up, but we believe this is one
potential challenge that can be resolved before it happens, even before you
retire.
For example, you may be able to reposition
income-producing assets now to become guaranteed fixed income-producing assets
later.* We’re happy to consult with you about how this can be accomplished, and
help determine whether it’s a viable option for your individual financial
situation.
When it comes to finances, the challenges you
may encounter differ from anybody else’s. During the last recession, generally middle-
and lower-class workers got hit the hardest. Many homeowners became renters,
and some renters became homeless. Meanwhile, some higher net worth folks reined
in spending, so second homes and other luxuries got put on hold.
[CLICK HERE to read the article, “American Dream Lost:
Financial Crisis Created Massive Shift of Homeowners to Renters,” from News One,
April 8, 2016.]
[CLICK HERE to read the article, “How to Solve the Housing
Crisis: More Lawyers,” from Bloomberg, April 8, 2016.]
[CLICK HERE to read the article, “Election, economy hit
vacation homebuyers where they live,” from CNBC, April 6, 2016.]
A financial professional may be able to help you
create retirement strategies using a variety of insurance and investment
products to help you meet your retirement income goals. If you have questions
or need assistance, please keep us in mind.
*Any guarantees
and protections are provided by insurance products including annuities that are
backed by the financial strength and claims-paying ability of the issuing
insurer.
This material has been
prepared for our firm and contains general information to help you understand
basic financial planning strategies that may help you work toward your
financial goals. Please understand that we cannot make any promises
or guarantees that you will accomplish
such goals. All investments are subject
to risk including the complete loss of principal.
Throughout, we may
generally discuss different financial vehicles; however, nothing contained
herein should be construed as a recommendation to buy or sell any
financial vehicle, nor should it be used to make decisions about your
investments.
The information contained in this material has been obtained from third-party sources believed to be reliable, but accuracy and completeness cannot be guaranteed; it is not intended to be used as the sole basis for financial decisions.
Investment
Advisory Services offered through Global Financial Private Capital, LLC, an SEC
Registered Investment Advisor.
If you are unable to access any of the news articles and sources through the links provided in this text, please contact us to request a copy of the desired reference.
If you are unable to access any of the news articles and sources through the links provided in this text, please contact us to request a copy of the desired reference.
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