There is no doubt it's a very challenging time right now for the average investor. Above and beyond the recent economic impacts of COVID, the long era of record low-interest rates, runaway US debt and US deficits, and trillions of dollars in money printing and fiscal stimulus has changed the rules of investing by dangerously distorting the Dow index, the S&P 500, and nearly all other asset prices. Can prices keep rising, or is there a painful reckoning ahead?
I sincerely believe we are entering an economic climate that will continue to be very difficult for investors & retirees. Debt levels around the globe are at all-time highs. As a result, I am forecasting stocks will ultimately fall further in 2023. I believe that the economic recovery we've seen over the last ten years has been mostly artificial, driven by easy Federal Reserve money policies that have now reversed as the Fed attempts to combat persistent, high levels of inflation by raising interest rates and tightening the money supply.
After talking to hundreds of current & future retirees, I am of the firm belief that the majority of the financial industry does a poor job preparing clients for retirement. Traditional Wall Street advice does not provide the right education or comprehensive planning strategies to help retirees shift from earning a paycheck to being able to create a sustainable income from their savings for the rest of their lives. Bill Sharpe, Ph.D., and Nobel Prize Winner said it best in my movie, The Baby Boomer Dilemma, "Planning for retirement is one of the most challenging economic problems of our time." I believe one of the biggest hurdles for many aspiring retirees is breaking from convention by transitioning from the familiarity of growing assets in the stock market (a place the financial industry calls the ACCUMULATION PHASE) into a new reality called the DISTRIBUTION PHASE. The DISTRIBUTION PHASE holds new risks and challenges that most people have never thought about or been exposed to previously. There is a massive difference in the philosophy, strategy, math & mindset between these two unique phases of retirement planning that must be accounted for in every successful retirement plan.
It is for this reason and others that I am motivated to help clients preserve the assets they have worked a lifetime to save & grow. I believe there is a significant opportunity today to inform, educate and shield clients from the most common retirement risks that must be understood & planned for holistically & proactively. The Revenue Sourcing planning model that you will learn about uses strategies to protect your savings from the ravages of inflation and deflation like we have been experiencing over the last few years. Revenue Sourcing is the retirement income planning strategy designed to help you achieve a comfortable, stress free retirement no matter what direction the stock market, inflation or interest rates are headed.