Why You're about to Lose Your Retirement Savings Because You're Ignoring the Warning Signs
For some, it may well be time to move your retirement
savings from places that expose it to stock market loss – 401(k)/IRA/403(b) –
to a place that protects your entire nest egg.If you don’t opt to move it all, some of you would be wise to move a
significant portion of it as soon as possible.What’s making me sound the alarm?There are at least two reasons to move your money RIGHT NOW.First, Warren Buffet, who is one of the most successful
investors of any generation, is famous for warning “When everyone is buying into
the stock market, be fearful.When
everyone is fearful, start buying into the market.” If you hadn’t noticed,
people are rushing back into the market in record numbers.1987
Market Style Crash is Coming.98%
Chance of Stock Market Crash by End of Year?
In addition to all of the new money that’s entering the
market from individual investors, interest rates are rising.Should
we be worried about rising interest rates? Traditionally, rising interest
rates have signaled a potential market correction.Though these are not a hard and fast rules,
if you have two pieces of evidence that give you pause, why risk significant
losses if you’re positioning to retire in the next 10 – 15 years?You only need to ask someone who suffered
significant losses in the 2008-2009 correction and has yet to recover whether
it was worth the risk.
Call me for safer options for your retirement savings
instead of your 401(k)/IRA/403(b)which
is currently at risk due to stock market losses .It’s your money . . . until you give it away.
Did you know?
Social Security Fact: if you are divorced,
both you and your ex can collect spousal benefits (on each others work
histories) after full retirement age while still postponing taking your own
retirement benefits until age 70, when they are as high as can be.
If you are approaching retirement, already retired, or considering an early retirement and would like to learn more social security maximization strategies, call me to receive your free "Social Security Maximization" report. It's your money . . . until you give it away.
Ray Hodges Financial Group is proud to announce that it has entered into a joint venture agreement with Marcus Robin, owner of AFIG, LLC www.goafig.com. AFIG is an independent insurance agency that offers auto, home, life, health, commercial, business, and motorcycle insurance. Call AFIG today at 469-461-3381 to compare your insurance rates to see if Marcus and his staff can save you money. It's your money . . . until you give it away.
Women Called Moses (WCM), www.womencalledmoses.org a non-profit organization created to provide a secure shelter for battered women and their children . Make your charitable contributions count by giving to this worthy and necessary organization.
Abstract Management Group (AMG) www.abstractmg.com a business consulting firm that provides financial management, strategic planning, and marketing services for small businesses. If you need a firm that specializes in assisting small businesses, AMG is your goto firm.
Business Shout Out!
The following businesses are now members of my Business
Advisory Council.All members have
proven to be reputable, fair, and committed to delighting their customers.Please join me in congratulating them!
Chef Carlos on the Square, AWESOME restaurant in Lancaster,
10 Minute Oil Change, HONEST car repair in Duncanville,
Buddy’s Sporting Goods, goto place for uniforms, sports
equipment, etc, in Duncanville, TX, 972-780-8149
Dry Clean USA, the dry cleaners that keeps me so fresh and so
clean, clean, Cedar Hill, TX, 972-291-9917
Want to Get Away?
From now until the end of 2013, Ray Hodges Financial Group
will reward the following gift to anyone who refers FIVE individuals or businesses who become clients:
Never been to the Caribbean
but have always wanted to go?Refer your
friends, relatives, associates, and business associates and have a Piña Colada
or Rum Punch (my preference) on RHFG!
The One Activity You're Not Performing that Makes You Live Check to Check
When the wealthy are surveyed, 66% say they know exactly
where their money is being spent each year by category on groceries, clothing,
utilities, entertainment, savings, etc.Be honest.If I asked you how
much, to the penny, you spent on groceries last year, could you readily produce
the dollar amount?How about if I asked
how much you spent on utilities or entertainment?If you’re at a loss for words, looking
perplexed, or your answer starts with “I spent ABOUT . . .” you’re not tracking
your spending, and until you start, you’re going to experience the proverbial
“I don’t have enough check to meet my bills” syndrome.
To break free from living check to check, the first step
is to create a spending plan that serves as a forecast of how you plan to spend
before receipt of each check, commission, etc.The goal is to compare how you actually spent versus your forecast.You’re effectively keeping score to
understand your spending patterns and where you need to make adjustments.
Another hidden benefit of tracking your spending is it’s
very likely you’ll identify tendencies to waste money on unneeded items or you
may notice you’re overspending on certain activities.
Call me for a free spending planner template to begin
tracking your spending so you know where all of your money goes each pay
period.It’s your money . . . until you
give it away.
Did I mention . . .
If you own commercial property, and you're upside down on the mortgage, a member of my Business Advisory Council can help you refinance and
have equity in your property again.
If you own a residential property that appraises for over $420,000, and you're upside down on your mortgage, you too could refinance and have equity in your property again. Call or email me to find out how.
· The next "10 Principles of Money Mastery" lunch and learn is scheduled for Saturday, August 24, 2013 at 11:30 am. Call or email me if you are interested in reserving your seat!
·Looking for a featured speaker for your group, association, organization, small business, etc? I regularly present "10 Principles of Money Mastery", "Financial Education in the Workplace", and "Social Security Maximization" to organizations just like yours. Call or email to make me your featured speaker!