Chuck and his wife, Martha, live in Hot Springs and have two sons, Robert, a 2010 Information Systems graduate of the Walton College, and Thomas, currently enrolled in the Walton College. Chuck, Robert, and Thomas are members of Lambda Chi Alpha fraternity. Chuck is a Past President of the Arkansas Alumni Association, and currently is Past President of the Walton College Alumni Society.
WHY IS THERE A NEED FOR RETIREMENT ACCOUNTABILITY TODAY?
This month's blog post is going straight to the point. Everyone, including you and me, must take responsibility for our own retirement. As stated in previously, HOPE IS NOT A VALID STRATEGY. Hope is important in certain things in our lives, but not when a safe and secure retirement is at stake.
The information out there is cause for concern. Social Security is the political football of the day and many have doubts about what they will receive. The Baby Boomers are just starting to draw this money, and there are a lot of us. It must be paid for by the current contributors to Social Security, and there are not as many of them. You can see the problem.
Qualified retirement plans have had their issues, as well, unless you are a great equity manager. Other factors that must be taken into consideration are inflation, tax increases, and the obsolescence of your material goods that need to be replaced over time. This drives the cost of living higher.
I have so many people tell me that they won’t need as much money when they retire, but try replacing your automobile, your heating and air conditioning unit, or take a trip on an airplane. Have you looked at the costs of health care lately? Why wouldn’t you want as much money as you can have to cope with these hidden assaults on your wealth? I suspect most would want more.
HOW CAN I PLAN FOR RETIREMENT IN THE CURRENT ENVIRONMENT?
Obviously, you need a better plan. It starts by analyzing your current strategy. Look at your 401k, your IRA and other investments to determine where you are. That’s a good beginning.
You must realize that we all have economic dilemmas. It’s called the Science of Scarcity, another term for basic economics. How do we utilize our scarce resources to be efficient in our wealth preservation and accumulation? That is the million dollar question, isn’t it?
LIQUIDITY, USE AND CONTROL------LUC
We could all use a little LUC, which stands for Liquidity, Use and Control. Using our money wisely to solve several of these issues is an admirable goal.
Liquidity— This means having resources available when tough times arrive or when opportunities present themselves.
Use—there can be multiple uses for your money including protection, savings, growth, college education, retirement.
Control—YOU control how YOU use your money, and don’t become subject to ever changing government rules and regulations. Protect yourself against the unseen factors that come up unexpectedly in life. Find yourself a safety net.
HOW DO I START?
First, you have to want to do something different than your current strategy. Once you come to that conclusion, it’s time to look at the BIG PICTURE of your retirement needs. Gather bank statements, brokerage statements, loan information, 401k and IRA statements insurance policies and Long Term Care information. Then we can see where you have been, and can help you chart a course for the future.
We’ll look at the scarcity of resources, and help you determine a path to greater financial security, and concentrate on having some LUC!
ACTION PLAN
Please consider your wants, needs and desires for financial security. We really want you to have independence and LUC. We would be honored to visit with you about how to help you and your business. My number is 501-318-0010, or you can send me an email at cdudley@argentmoney.com.
An hour of your time spent analyzing your situation might make a lifetime of difference.
This month's blog post is going straight to the point. Everyone, including you and me, must take responsibility for our own retirement. As stated in previously, HOPE IS NOT A VALID STRATEGY. Hope is important in certain things in our lives, but not when a safe and secure retirement is at stake.
The information out there is cause for concern. Social Security is the political football of the day and many have doubts about what they will receive. The Baby Boomers are just starting to draw this money, and there are a lot of us. It must be paid for by the current contributors to Social Security, and there are not as many of them. You can see the problem.
Qualified retirement plans have had their issues, as well, unless you are a great equity manager. Other factors that must be taken into consideration are inflation, tax increases, and the obsolescence of your material goods that need to be replaced over time. This drives the cost of living higher.
I have so many people tell me that they won’t need as much money when they retire, but try replacing your automobile, your heating and air conditioning unit, or take a trip on an airplane. Have you looked at the costs of health care lately? Why wouldn’t you want as much money as you can have to cope with these hidden assaults on your wealth? I suspect most would want more.
HOW CAN I PLAN FOR RETIREMENT IN THE CURRENT ENVIRONMENT?
Obviously, you need a better plan. It starts by analyzing your current strategy. Look at your 401k, your IRA and other investments to determine where you are. That’s a good beginning.
You must realize that we all have economic dilemmas. It’s called the Science of Scarcity, another term for basic economics. How do we utilize our scarce resources to be efficient in our wealth preservation and accumulation? That is the million dollar question, isn’t it?
LIQUIDITY, USE AND CONTROL------LUC
We could all use a little LUC, which stands for Liquidity, Use and Control. Using our money wisely to solve several of these issues is an admirable goal.
Liquidity— This means having resources available when tough times arrive or when opportunities present themselves.
Use—there can be multiple uses for your money including protection, savings, growth, college education, retirement.
Control—YOU control how YOU use your money, and don’t become subject to ever changing government rules and regulations. Protect yourself against the unseen factors that come up unexpectedly in life. Find yourself a safety net.
HOW DO I START?
First, you have to want to do something different than your current strategy. Once you come to that conclusion, it’s time to look at the BIG PICTURE of your retirement needs. Gather bank statements, brokerage statements, loan information, 401k and IRA statements insurance policies and Long Term Care information. Then we can see where you have been, and can help you chart a course for the future.
We’ll look at the scarcity of resources, and help you determine a path to greater financial security, and concentrate on having some LUC!
ACTION PLAN
Please consider your wants, needs and desires for financial security. We really want you to have independence and LUC. We would be honored to visit with you about how to help you and your business. My number is 501-318-0010, or you can send me an email at cdudley@argentmoney.com.
An hour of your time spent analyzing your situation might make a lifetime of difference.
This post is awesome..i've been reading tons of crap posts from other blogs, but shows you have a more educated reader base.
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