Why
How do YOU see our world?
We see financial chaos and uncertainty swirling around us and costs mounting by the second. Note the Debt Clock to the right, but come back. US Debt Clock
We also see too many sad stories that result from people unwittingly shooting themselves in the foot, despite their best intention and effort based on their best information. Please download and read “Bill’s Story” as soon as you can. You might recognize someone you care about. Bill’s Story
Unfunded Entitlements – With the oldest of 78 million baby boomers beginning to retire, the total of America’s unfunded liabilities exceeds three times the size of the US economy. medicare and Social Security amount to over $56 Trillion. People can expect to spend up to one-third of their life in retirement. - IOUSA Movie
Conventional Wisdom/Financial Advice – Following ‘conventional’ investment advice for the past 10 years has produced costly results for most Americans. Do you know anyone like that? Wall Street focused advice of buy and hold mutual funds hasn’t performed as well as Treasuries over the past 10 years.
Government Spending & Debt – A Congressional Budget Office report shows the current federal budget will force the national debt to continue to grow much faster than the economy over the long run. Rising health care costs and the aging US population will cause federal spending to increase entitlement spending. Wake Up Call and this Living Beyond Means , but the story has only compounded since then.
Individual Spending & Debt – With the recent first leg of the crash of the financial markets, people realize they haven’t saved enough for a rainy day – let alone retirement! The savings rate has increased. But is it enough to make up for past negligence?
Lack of Saving & Planning byBaby Boomers – Over 89% of all Baby Boomers have less than $50,000 saved for retirement. Where will their retirement funds come from? Check this PBS Frontline video presentation. – Can You Afford to Retire?
Depression Era Thinking – Banking rules have changed in favor of consumers ability to use safe, positive leverage to build wealth. Miss-direction of cash flow into non-yeilding ‘assets’ can have net negative results.