Most Americans have less than $25,000 saved for retirement.
If you’re reading this, you’re probably not that person.
But, let’s be honest. Those of us that are delaying consumption, investing well, and planning for our retirement will be asked to subsidize those who are not doing the same.
What does this mean for you? Continue to do all the things that will put you in place for a good retirement. Especially, get a retirement plan together so you know what it will start to look like with what you currently have and are currently saving.
Let me know if I can help. It’s one of the best things you can do for yourself and your family.
If you’ve been reading my blogs and watching my videos religiously, I not only love you, but you’ll also know that I’m a big Warren Buffet fan.
One piece of sage advice he has given that I agree with is “don’t buy something you don’t understand”.
In this week’s video, I expand upon that and talk about how I was once pitched one of the instruments that lead to the financial disaster of 2008. It just didn’t make sense to me, so I didn’t recommend it to clients.
Be sure you have good transparency, understanding, and a tolerance for the risk for any investment you make.
As a follow up to my video in the next blog, unless Congress passes a new tax law in a lame duck session by the end of the year, higher taxes are in your future.
