Money Flows 2024: Tech Surge, Bond Revival & Global Shift
In this week’s Fastest Four, we dive into the latest investment trends of 2024! Discover where billions are flowing in the stock and bond markets.
You’ve spent your entire life working and saving up for your golden years. But making sure you don’t run out of money can be a complex task, and drawing income from what you’ve worked so hard to save is a bit daunting. We get it! You want to enjoy retirement, not just exist in it. That’s why, through the GenWealth Ready to Retire Process, we’ll work together to determine the income required to meet your basic needs each month and the income desired to help you live out your ideal retirement. Then, we’ll build a financial plan that brings together all the intricate details of creating that income, including maximizing Social Security, defending against taxes, and more. But financial independence doesn’t mean going it alone, so we’ll be by your side to walk with you as you apply it to your life and help you make adjustments as needed.
Traditionally, financial advisors have focused solely on investment management. There’s a big problem with this, though: when their clients reach retirement, they can be left to figure out for themselves how to turn their managed investments into an income stream. You deserve more. You deserve a written plan on paper, on purpose that accounts for all the complexities of retirement.
Social Security is foundational to retirement, but it can be confusing. The decisions you make today can have a tremendous impact on the total amount of benefits you stand to receive over your lifetime. With about 2,700 rules that govern Social Security, do you know how to maximize your benefit?
There’s a common misconception that work has to be either on or off – that once you retire you can never work another day in your life. But, in reality, it’s not so black and white. “Work-tirement” can add years to your life and your money. Whether that fits into your ideal retirement is entirely up to you!
Even during low periods of inflation, the effect of rising prices erodes the purchasing power of your money. For example, at a 3% inflation rate, a $2 cup of coffee would cost nearly double that in 20 years. While this may not seem like a big deal, consider how that same inflation rate could impact your assets. A reduction of your purchasing power by as much as 50% over your lifetime in retirement is truly a loss that you can’t recover from.
The most important number in retirement isn’t how much you have saved, but how much income you need each month. You shouldn’t have to question whether or not your basic needs will be met in retirement. You need a solid foundation to provide you with regular, predictable income.
Nearly half of Americans will need some sort of long-term care in their lifetime. While we hope that you never have to face chronic health problems in retirement, that’s not something you want to leave up to chance. The point of a plan is to give you options in the case that these circumstances arise.
You can spend your entire life saving for retirement, but when the time comes, will you be prepared for the possible taxes that come with drawing income from your investments? You see, your tax rate may vary widely over the years. The timing and order in which you use different sources of money to pay for living expenses can make a major impact!
In this week’s Fastest Four, we dive into the latest investment trends of 2024! Discover where billions are flowing in the stock and bond markets.
Democrats or Republicans: which are better for your portfolio? In this week’s Fastest Four, we’re diving into election season and what that means for your investments!
In this week’s Fastest Four, we reveal how mortgage refinancing boosted consumer spending, potentially averting a recession. Explore the housing market’s impact on 2024’s economic outlook.
In this week’s Fastest Four, we reflect on financial independence and the impact of America’s hard-earned freedom on your money.
Inflation remained flat month-over-month in May, defying expectations and sending stocks soaring on hopes of Fed rate cuts. What does this mean for YOU?
If you’re going to invest in stocks, you’ve got to be prepared for a bumpy ride. Are you prepared for the rollercoaster of investing?
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A Path through the forest
In unstable financial terrain, John and Scott are bringing clarity about market trends for 2024 and more importantly what it means to you!
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