In this week’s Hidden Wealth Solution Insight, I teach that our a significant measure of economic sustainability and continuation, the Gross Domestic Product (GDP) grew just one half of one percent (0.5%) in the first quarter of the year. This is actually lower than the predictions made by conservative economists.
This is simply proof that this economy has gone nowhere!All the signs point to how the economy continues to slow more and more due to two factors: reduced consumption and 10,000 people retiring every day. These factors are why companies, such as Apple, are going to continue to post low earnings estimates. Click on the video above to learn some of the additional demographic factors that will keep this economy on the downside of recovery.
The Employee Benefits Research Institute (EBRI) has published a 15 year study showing that fewer retirees are having a great time. The survey shows a shift from “Very Satisfied” to “Not Satisfied at All.” I’m not surprised. As I meet with retirees, I repeatedly hear how the fear of additional massive market losses is forcing many of them to keep their retirement savings in low-yielding cash accounts.These accounts don’t even keep up with inflation!
Our clients have averaged over 8% for the last 20 years! They enjoy growth when the market gains, but take no risk that they will lose when the market goes down. Not only that, they predictably eliminate taxes on their retirement income.
Join me this coming Tuesday for my no-cost, no-obligation educational webinar. Learn how to get the government out of your retirement and how to avoid losing your savings to the next market meltdown while predictably eliminating taxes on your retirement income. To register for this event, simplyclick the link below or call the toll free number.
I encourage you to register right now because these events fill up quickly. Those that register and attend will receive, as a gift, my video book, 7 Steps to a Tax-Free Retirement.Spouses are encouraged to attend this educational event together.
Here’s to your Hidden Wealth,