Pensions have disappeared. All our money is going to Wall Street and crisis after crisis we become more aware of the need to diversify our investments and protect them from market crashes, interest rate risk and the most dangerous of all rising income taxes.
Up until now there are a few investors out there that are thinking like there is no box and investing in real estate, gold, silver and other type real assets but the challenge I’m addressing today is not wealth accumulation but rather wealth distribution.
You see we retire on INCOME. The idea of retirement itself is predicated on the concept that we will have enough money saved up but the practicality of it is whether we can derive lifetime income from the assets we’ve accumulated.
Life insurance … more specifically whole life or indexed universal insurance on the other hand
Think about … when you invest money into cash value life insurance
As for any other modern financial strategy only the top 2-3% will implement. Don’t expect everyone around you to have the means and the open mind to do what makes sense.