What is happening to your retirement … in light of higher taxes, stock market losses, the Real Estate crisis and record inflation?

by Michael on March 15, 2011

in Annuity,Retirement,Taxes,Uncategorized

Corporate bailouts. Higher taxes, Stock market losses, Record inflation, Political revolutions, Real estate crisis, High unemployment, and Soaring commodity prices. These are just a few of the topics that have swarmed headlines already this year. In today’s financial marketplace, whenever the news changes, the economy is right behind. With the economy surging and falling so quickly, it’s hard to know what to think. It’s even harder to determine how these changes will affect you.

It is easy to just not really examine this but its very beneficial to do so.

For instance, you may wonder why I included inflation. Isn’t inflation low? Well yes and no. The numbers reported to us seem low. However, the scale has been changed, with gasoline prices and home prices being removed. Food and clothing is not included in the CPI. Put them into the formula and the CPI is not 3%, but rather it is at record levels. So if you don’t buy gasoline, diesel, food, clothing or own a home, inflation is low. Otherwise, its at record levels.

What does this have to do with your retirement? Perception may make things seem okay, but it takes examining it to really come to a reasoned conclusion.

This is what I encourage you to to. I help people with this. If you have a retirement plan, either one you personally manage or one that is managed for you – give me a call and let me give you my two cents. It won’t cost you anything but a little time, but the payback to you could be significant.

I can be reached at 209-390-1163 or toll-free at 855-MPMYERS. Or, if you’d prefer, send me an email by clicking on the email button to your right.

Michael Myers

 

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