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The collapse of Part II 2010 - Solution # 1 for Retirement Saving Security
As I finished my last post, I mentioned that, according to Harry S * Dent, the collapse of the markets are linked to expenditure and a report that the release on July 27, 2010 that show consumer spending in less than 1%. This, the Research shows Mr. Dent, will precipitate a massive collapse in the market. The impact is likely to be immediate, but only occur at some point between July and December 1910.
So what does this mean for you? How to prepare? What can you do? With markets falling, the edge states of bankruptcy, pensions, social security and savings in trouble, going under the banks by the hundreds (thousands before) these are good questions that need answers. Well, I have a solution!
LIFE INSURANCE PRODUCTS: Specifically fixed indexed annuities (FIAS)
Stay with me now! I know that many off just hearing the words "life insurance." I am with you! When I had my first contact with the potential to become Insurance Agent and resisted, because my view was that agents were lower than used car salesman (and many are)! But then I was introduced to a safer world that never existed again. You see I'm not talking about the typical life insurance products has been introduced in the past or who may be familiar. I refer to hybrids that have been developed for the market over recent years, as well as products that older people should have the Long Term Care, Medicare Supplement, annuities and life different trends. However, I digress, please continue reading.
As a Professional Life Insurance do what I do because is safe for my clients. But not just take my word for it. There was no investigation by Robert H. Mills PhD, CPA, who examined the reliability Life insurance companies in different market conditions to the Great Depression as a bench mark of the worst.
The paper by Dr. Mill "... The solvency of life insurance companies," Mills says, "The indudstry life insurance is a dynamic pattern of uninterrupted growth from 1890 through periods of boom and bust. "It was also revealed that companies that stopped working between 1929-1938 represented only 2% of total assets of all life insurance companies. In 1940 all insurance liability reserves were built by companies reinsurance so the net result was that the loss was reduced to 6/10ths of 1 percent: the loss of security during the Great Depression was less than 1% more security! Much! Can be ordered when compared to the safety of other options. So exactly what are all our options now:
1) You can leave your money in the market, stocks, bonds, mutual funds, variable annuities, etc. Some believe this is the only way to get the "BIG", but returns to obtain large profits also requires that the time on the market just right and know when to sell and when buy. Remember the saying "Buy low and sell high"? Good advice, if you can, but most can not, but just do not have time for daily management or the experience to know when to act. And there are no indicators that show now this market is going nowhere but DOWN! Remember, NO RATE OF RETURN IS TO HAVE MUCH BUT KEEP GETTING! Here is an example
When Elvis Presley died worth millions, I believe it was more $ 7 million. But by the time they settled the property to their heirs has about $ 2 Mil. Do you think that the heirs were sitting around talking about 35% had market gains or what the hell just happened to the $ 5 mill of others? NO RETURN NO PURCHASE RATE!
2) You can move your cash. This may seem like a safe move, but what if the brokerage firm goes out of business. There is no guarantee that money. Furthermore, its rate Performance is virtually zero and can not put their money in the bank for a long time and not get hurt with inflation.
3) You can move Bank your money in CD. Once again a safe move, but low interest earnings. The rates now are 1-1 1 / 2% for the most part. Some CD's index may provide an option to obtain higher yields, but there is a problem with this strategy or leave it in the brokerage accounts to pay taxes profits so they earn interest tax is reduced to deflate their overall rate of return. CD usually does not give you either cash pay a surrender fee.
4) A better option that the CD is a deferred fixed annuity. This option will give you better rates more CD's (2-5%, depending on the length of contract), but earnings are tax deferred so you get the triple advantage of compound interest, that interest on money, interest and the money would have dismissed as a tax. This is called "opportunity cost." The terms are similar to long-term CD 3-5 years or more, but with greater liquidity, generally can be removed by 10% annually without delivery fees unlike CD's, and some even offer returns full premium.
5) The fifth and probably the most desirable option is a fixed indexed deferred annuity. This hybrid option offers the best of both worlds allowing you to link your earnings at a rate similar to stock options, but the safety of Bank CD: NO RISK OF LOSS IS GUARANTEED IN WRITING BY THE INSURANCE COMPANY AND BACK-UP FOR EACH OF THE STATES OF WARRANTY OF ASSOCIATION TO $ 500,000 DEPENDING STATE. Did I mention these were safe?!
You can select more than one index option and change the options usually on an annual basis. Its director is guaranteed and annual reset of their profits being added every year and locked in what can never lose in the event of a market downturn. I'll cover the complexities of these hybrids in another article, but you have the ability to make 6-10% on average. As an example, from 2000-2010 the net return on the S & P was -4% while the net return on an attachment to the FIA the S & P with a maximum of 6% gave a 4%. This is an extension of 8% in favor of the FIA.
In summary, Here is a graphic example that I developed to show the result of your choices. The question we must ask is are your retirement savings in a sinking ship?!
Insurance SavingsRoger
* Information on Harry S. Dent: hsdent.com * Paper Mill "... The solvency of the companies Life Insurance "
About the Author
Roger Ely is a licensed Insurance Agent and offers safe money retirement strategies to help you maximize and convert your retirement savings into retirement income guaranteed for life, provide for continued growth, help overcome Long Term Care costs, and guarantee you Never Lose Another Dime! More information is available at http://letstalkretirement.com And don't forget that you can always get more information specific to your situation by taking advantage of his COMPLIMENTARY CONSULTATION!