Avoid Having Your Retirement Confiscated

Hi, this is Chuck Oliver. Welcome to this week’s Missed Show Hidden Wealth Minutes.

I wanted to talk to you about what you missed on Hidden Wealth Radio. We talked about pensions now under attack. The Federal government now has found a way to maneuver its way into reducing pension plans, mainly because of how under-funded these pension plans are as a result of the markets losing. We call it now the lost decade and a half. And when you think about your thinking in this area, whether you have an employer-paid pension, or whether it’s left up to yourself to create your own pension, the reality is everyone’s suffering, this being proof now that state pensions and federal pensions themselves are no longer protected because of how underwater they are.

In fact, out of your money, an article I talk about, “Congress Considering Plan To Allow Pension Cuts,” it’s already in the works. And here’s the impact. Those sponsoring the pension plan proposal say it’s the only available option to save failing multi-employer pension plans. Other groups such as AARP and the Pensions Rights Center are crying foul, and I would side with the Pension Rights Center for this reason.

When states or nations go through this type of a situation, it’s found that the first part of the process is first to hike taxes. So we’ll see taxes heading up, and I’ve been talking a lot about that, especially as I write about my books. But then the money printing increases, and we’ve seen the Fed just go on a spending binge that they’ve now just started winding down, which means now rates are going to go back up, which also makes our markets more volatile, which is why you’ve seen all this uncertainty with ups and downs and all-arounds. And finally, state benefits are cut. Now, here’s the impact of one gentleman, a retired truck driver, Glen Nicodemus, age 64. The proposal would cut his pension from 40,000 down to 15,000.

Here’s why this is important. We teach people how to design their own pension plan, a protected one. Protected from the government from taxing it, protecting it from Congress stepping in and taking it now, and ultimately the stock market from taking it away as it relates to the market losing. And I’m going to teach you how you can avoid these concerns and build your own retirement protection pillars. And especially if it’s you that’s paid by an employer pension, or maybe someone you care about, whether you get one from an employer or not, if you don’t, it’s up to you to obviously provide your own. And I want to teach you how you can avoid all of these dangers by learning. In fact, you can go to myretirementprotected.com. That’s myretirementprotected.com. Or 855-NOTAX2U. That’s 855-NOTAX2U.

And do so because I want to teach you how. No longer do you have to worry about Uncle Sam being in your income in retirement. You can get the government out of your retirement, tax-free growth, and tax-free income. Also, I want to teach you how the uncertainty of the market losing with a correction and/or a crash can be removed so that your money and savings only participate when the market goes up. They do not participate when the market goes down on the savings you can’t afford to lose. And then lastly, how do you build that into your own personal protected pension plan so that you avoid those risks altogether? Myretirementprotected.com. Here’s to your hidden wealth.

An Unnecessary Loss in Retirement

Hi, this is Chuck Oliver, and welcome to this week’s missed show, Hidden Wealth Minutes. I want to share with you what you missed on Hidden Wealth Radio. As a reminder, all of our shows are archived at hiddenwealthradio.com. That’s hiddenwealthradio.com. Well, what a wild ride the federal reserves Ferris wheel has had us on and off over this last week. We’ve seen about a 1500-point swing just in this last week in Wall Street on the Dow Jones. And there is a lot of anxiety out there, and I’ve been teaching a lot from my most recent book, how to have your retirement protection pillars.”

Where before many of us listening, whether it was our parents, grandparents or even for some of us, depending on our generation, great-grandparents lived in a very different time and day. They lived in era where you could get a respectable return on your savings at the bank. There wasn’t the uncertainty around Social Security, and clearly there was a defined pension benefit paid by the employer that would last the employee’s lifetime.

Those days are gone and diminished. In fact, what’s transpired is many of us listening have what we call a defined contribution plan known as a 401(k), which has failed miserably. Time Magazine said it’s time to retire the 401(k) back in 2010. This was shortly after, from October of ’07 through March of ’09, the average investor’s 401(k) or savings for retirement had dropped 57%.

So it’s not unusual to think that AARP comes out with a report in the Wall Street Journal recently about Boomers are more worried than any other group about their retirement security. High-anxiety over not being able to retire. In fact, over 70% of boomers expect that they will have to delay retirement, and 50% fear that they will not be able to leave their nine-to-five job. Now folks, all progress begins with the truth and now is an ideal time, because the price of procrastination can be quite steep. In fact, you’ll learn that for those of you that don’t pay heed to this, I think that we’re in the most uncertain economic times we’ve been in, now that we’re this global economy, from Ebola, to Isis to oil, that we’ve ever been in. And it’s very clear that the market has a way of repeating itself. And the question becomes, “Do you really want to see history repeat itself?”

Because two camps out there: one, playing it too safe on the sidelines at the banks, spending down principal but thrilled not to be losing, and the other camp is concerned or scared or at least one of the two spouses on, trying to get off of this Ferris wheel by the fed that’s made markets swing not like we’ve ever seen since ’08, ’09. Folks, now’s the time. And I think it’s so important, myretirementprotected.com. I want to teach you in this educational income and savings protection webinar, how you can learn how you can upside without downside.

In fact, I talk on Hidden Wealth Radio that if we go back to 1930 and we take the S&P 500, which is what many of our models are modeled after–and mind you not one of our clients has ever lost a dime in one of our key strategies that we teach people about their retirement protection pillars–the S&P from 1930 through 2011 in our study did 5.92%. Now, mind you, that’s before fees and costs and taxes etc., but did just shy of 6%.

Now, let’s say you could go back. Whether it’s back to 1930 or back to ’08, ’09 or 2000, or 2001, or 2002, and you could put a zero in for all the years that had a down year. If we went back to 1930, your average return was just shy of 11.5%, 11.46% to be exact. Not 5.92, but almost double the return. Which means more than quadruple the account savings.

And here’s the key. Not only do we remove the uncertainty of losing money in our retirement, we also remove Uncle Sam or the government out of retirement because we can also do it tax-free. That 5.92, much higher expenses, especially when you account for taxes. In all the uncertainty of the ups and downs and loss of sleep and anxiety versus never losing sleep, because when the market loses, your account is protected; when the market gains, your account gains.

And I want to teach you how, myretirementprotected.com. That’s myretirementprotected.com. And on top of that, you could, if you desired, register toll-free at 855-NOTAX2U. That’s 855-NOTAX2U. Folks imagine, whether the fed corrects, crashes our markets or ultimately continues to false positive the stimulation to our markets, at some point our markets are going to correct and possibly crash. And the question becomes “Are you prepared?” myretirementprotected.com. Here’s to your hidden wealth.

The Fed Ferris Wheel

Hi, this is Chuck Oliver; welcome to this week’s Hidden Wealth Insight.

The Federal Reserve Ferris wheel-where do you get on, where do you get off? It’s very clear that the market takes its marching orders from what the Fed may or may not do, which only adds to the uncertainty and the anxiety that people are feeling across this country. Now, I talk about on Hidden Wealth Radio the impact of this AARP Study. Now, fascinating- the study found that 33% of all U.S. households will not have enough money for retirement even if they worked until the age of 70. This is a study just done last year, even before more of this anxiety has crept in. Whether we’re talking about Ebola, ISIS or oil, the reality is we’re a global economy and the impact is leaving people very concerned with a lot of anxiety.

Now, that anxiety, the AARP found, is that 70% of boomers believe that they’ll have to continue to work through retirement at least until age 70, and, in fact, 50% believe that they likely won’t be able to leave the 9-to-5 job workforce as a result of being able to try to sustain as similar to a lifestyle when they were in their highest wagering years as they hopefully can do to get through retirement.

Now, folks, here is the reality: I teach that you can get off this Federal Reserve Ferris Wheel very easily by having the absolute upside of what the market does when it gains without the anxiety or concern of when the market loses. And whether we correct, crash, or ironically continue to go up, the reality is the more and more air you pump into a balloon, eventually that will have to bust. Now, don’t take my word for it; take people’s words such as Warren Buffet, who predicts a bubble that will bust just about a year ago. He predicted the next few years, and then you’ve got folks like John Bogle, who created Vanguard Funds, who predicted on CNBC last spring that the market will likely face, at minimum, 250% minimum correction crashes within the next decade.

Folks, I think we’re upon that time frame, now, that it’s very clear that the Fed is going to have to start raising interest rates. Whether the market wants to play that out to get you and I to emotionally buy in, that now’s the time to buy, or now’s the time to sell, we’ve seen almost a 1500% swing just in this last week of the market. Up, down, up, down, and that’s why the anxiety of not being able to retire’s there, is because many people lost. Now listen, between October of ’07 to March of ’09, the average person lost in this country 57% of their savings. And do you really want to have history repeat itself again? Because these things are cyclical.

So I teach on Hidden Wealth Radio how you can have upside without downside. In fact, we go back to 1930, and if you see what the S&P has done . . . in fact, that’s what every major investor or money manager aspires to, to get as close to that performance as possible, that performance, sadly, has only been 5.92% through 2011, 1930 to 2011. Now, if we could go back-and I want to teach you how our clients have never lost—but if you could go back, and for every time there was a negative return, you could insert a 0, so where you didn’t experience any loss, that return from 1930 to 2011 goes to 11.46%, nearly double, but with 100% less risk.

Folks, it’s very easy to learn how to do this, there is space still available. In fact, I would like to gift you my most recent book on how to avoid the five greatest traps to retirement, where I really go in and talk about what many of you may not know, that even pensions are being discounted. I talk about, coming up, somebody whose pension went from $50,000 down to $15,000 and it’s already happening. So it’s not like it’s going to happen, or rumored to happen; it’s already happening. So it’s up to us to protect ourselves, whether there’s government intervention to come in and tax us more, to take from us more, or for the government to remove what we have, more than we started with. Now’s the time.

And you can do so by going to myretirementprotected.com; that’s myretirementprotected.com. If you’re married, please attend with your spouse, or if you have a significant other, get on the same page because in about an hour, I want to empower you on how you can have upside without downside. And do it technically, if designed right, also without taxation. So let’s get market uncertainty out of your retirement, and let’s get the government out of your retirement. But the time is now. myretirementprotect.com. Here’s to your hidden wealth.

Avoid Running out of Money during Retirement

Are you ready for retirement on top of billsMany people wonder how much money they’ll need to have in order to retire comfortably. Unfortunately, there isn’t a magic number because there are so many different factors that must be taken into account. One of the sad truths about retirement is that you never know how long it is going to last. You can plan for when it is going to start, and you can estimate your life expectancy based on average lifespan and family history, but you have no real way of determining how long your retirement will be. So, the question then arises: how do you avoid running out of money during retirement?

The first thing to realize is that it’s never too late and it’s never too early to protect your future.

If you qualify for Social Security, you’ll never completely run out of money (unless Washington manages to drain the program). However, lowering your standard of living to what you can get from Social Security isn’t an appealing idea for most people. Saving for your retirement and planning through your retirement can help you maintain your standard of living.

Still, there are a lot of factors that you will need to consider when planning for your retirement in order to live comfortably through your retirement. You must account for taxes, spending, and inflation at the very least. Let’s take a closer look at how those factors affect your retirement savings.

Accounting for Taxes

Many people get an amount in their head that they want to have saved when they retire, but they forget to account for taxes. In order to avoid running out of money during your retirement, you’ll either need to save enough to cover the taxes that will apply to your savings or learn how to build a tax-free retirement plan.

Accounting for Spending

Your standard of living is generally about how much you spend. Finding ways to decrease your spending in retirement without decreasing your standard of living is the trick. One of the best ways to do this is to go into retirement debt-free and owning your house outright. If you can accomplish this, the equity in your home can also be used in extreme emergencies if needed.

Accounting for Inflation

Inflation averages about 3% per year, but health care costs can sometimes have a higher rate of inflation that you should also be aware of. You’ll also want to remember that the older you get, the more likely you are to need additional medical care on top of medical cost inflation.

Chuck Oliver, the creator of The Hidden Wealth System, wants to help you live comfortably in your retirement. The Hidden Wealth System is designed to educate our clients on how to increase their retirement income with little or no tax and with no market risk and and learn how to establish a tax-advantaged income for the rest of their lives. Contact us today to learn more.

 

Business Owners Are Not Saving Enough for Retirement

Piggy Bank with no money

As a responsible business owner, you have a lot on your plate:

  • You make sure that your employees, vendors, and creditors are paid what they are owed.
  • You work an extraordinary number of hours running your business.
  • You work diligently to make sure that your entire operation is running smoothly.

Unfortunately, all of this means that you have little time and resources left over to plan or fund your retirement.

Many business owners have at least some expectation of either making their business so profitable that they will be able to live off of the earnings without the long hours or of selling their business and funding their retirement off of the proceeds. The hard truth is: neither of these situations is particularly likely to happen. If your business does become successful enough that you are able to sit back and not work, congratulations! But you’re in the minority.

As for planning to sell your business to fund your retirement, that may not work either. Of the 1.2 million businesses that go up for sale in any given year, only about 25% of them actually result in completed sales. And of that 25%, even fewer are sold for their true value. That means that you have a less than 1 in 4 chance of actually being able to retire on the proceeds of selling your business.

You’re a business owner, so you’ve got to be comfortable with taking calculated risks, but do those odds sound promising to you? What you need to do is make up for lost time and money. You need to learn how to use alternative retirement vehicles that will support the amount you need to finance your future income needs.

You had to think outside of the box to establish a successful business; now it’s time to think outside the box about your retirement. Chuck Oliver and his team at The Hidden Wealth System utilize a plan that can help you increase your retirement income by 50% or more with little or no tax and no market risk. You can also learn how to establish a tax-advantaged income for the rest of your life, one that can transfer tax-free to future generations. Contact us today to learn more!

4 Ways to Reduce Your Cost of Living for Retirement

Older couple planning their retirementGenerally speaking, most people will be living on less money in their retirement years than they are accustomed to. Even if you have saved enough money to maintain your income level, aging bodies require more upkeep and rising healthcare costs can drastically cut into your monthly budget in your twilight years. In order to help you retire with the money you’ll need to live through your retirement, Chuck Oliver created The Hidden Wealth System. Today we wanted to discuss four ways that you can prepare for retirement by reducing your cost of living.

1. Eliminate Your Debts

One of the easiest ways to improve your monthly budget and reduce your cost of living is to eliminate as much debt as possible before you retire. House payments, car payments, and especially credit card payments eat away at your monthly budget. Even if you’re trying to live on less income, eliminating your regular monthly debt payments can drastically increase the amount of money you have to spend on other things.

2. Downsize Your Home

In addition to paying off your home, you may want to consider downsizing your home right around retirement time. You no longer need the extra rooms or to live near a good school district, so downsizing just makes sense. Selling your large home and buying a smaller, less expensive home or condo can allow you to take the extra money and pad your nest egg. Also, if you make the move to a smaller home, you have fewer rooms to heat and cool, which can save you money on your utility bills, and if your new home sits on a smaller lot, you can also have less yard work that needs to be taken care of.

3. Consider Moving

While you’re looking for your new home, you may want to consider moving to a location with a lower cost of living. Many smaller cities have lower housing prices and more affordable amenities, making them ideal for retirement living. You’re no longer tied to your job, so you don’t have to worry about living within easy commuting distance. Look for places with great healthcare facilities as well as affordable housing and recreation.

4. Sell a Vehicle

Without the necessity of a daily commute, many retired couples can get along quite well with only one vehicle. Making the decision to sell an extra vehicle can have several benefits for the soon to be or newly retired. The money from the sell can add to your nest egg, but you also reduce your monthly expenses by eliminating the fuel, maintenance, and insurance costs associated with the extra vehicle.


As you plan your retirement, we hope you’ll consider using these four tips to reduce your future cost of living and make your life a little easier. Start today to work toward a better retirement.

Student Loan Debt Is Negatively Impacting Retirement Savings

Dangers of student loansStudent loan debt is an increasing burden on many Americans, and it’s having a huge impact on their lives from graduation to the grave. Recently, a survey conducted by American Student Assistance® (ASA) highlighted some of the negative effects that mounting student loan debt is having, including:

  • 27% said it is difficult to buy daily necessities because of their student loans;
  • 63% said that it has affected their ability to make larger purchases like a car;
  • 75% said that their debt has affected their decision or ability to purchase a home; and
  • 73% said that they have put off retirement savings or other investments.

These postponements frequently turn into very real, very tangible shortcomings in retirement. One study found that $53,000 in student loan debt, which is the average for a household with two adults, turns into a diminished ability to build up retirement savings to the tune of $134,000.2 Obviously, the higher the debt, the bigger the problem can become.

These shortcomings aren’t lost on the student debtors either. A staggering 80% of people aged 30-54 don’t think they’ll have enough money to be able to retire when the time comes. It’s not difficult to see how the accrual of these debts can affect your ability to save. Yes, investing in your education increases your ability to earn, but you also need to make sure that you are focusing on your future at least as much as you focus on your present.

It’s a vicious cycle: many debtors feel that they can’t afford to pay on their debt and save for their retirement, but the longer they put off investing in their retirement, the harder it becomes to save enough to secure a strong financial footing. However, you should always remember that it’s never too late and it’s never too early to start protecting your future.

Chuck Oliver and his team at The Hidden Wealth System want to help you learn how to use the same model that banks use to keep people in debt to get yourself out of debt. You can learn how to get to zero the quickest way possible without changing your budget. This can generally be accomplished by addressing the order of how and what you pay. Start today to Secure Your Retirement!

Sources:

1 http://www.asa.org/site/assets/files/2205/life_delayed.pdf

2 http://usstudentloanconsolidation.org/student-loan-debt-2/5-ways-student-loan-debt-affecting-senior-citizens/

 

Avoiding the Retirement Crisis

My name is Chuck Oliver, a wealth architect and best-selling author, and I want to talk to you about the retirement crisis. The retirement crisis is very real. According to a 2013 study by the National Institute of Retirement Security, “The average working household has virtually no retirement savings.” In fact, the study found that 45% of working-age households (25 to 64) do not have any retirement account assets, and the median retirement account balance for these households is only $3,000. Additionally, four out of five of these households has less than one time their annual income in retirement savings. It’s not just younger adults either. Near-retirement households (55 to 64) were found to have a median retirement account balance of only $12,000, and over 63% of them were found to have less than one time their annual income in retirement savings.

So how do you avoid the retirement crisis? The short answer is that you educate yourself and start saving now. I’m here to tell you that the earlier you start saving, the better it will be for you in the long run. Let’s look at some simplified numbers to illustrate this point. These illustrations won’t include taxes, interest, etc., just simple savings numbers.

Saving Example 1

Retirement budget

Saving Example 2

Budget for retirement

Obviously, everybody’s savings goals for retirement are different, but as these charts illustrate, the earlier you start saving, the easier it is to reach your savings goals. It’s also important to learn the difference between planning to retirement and planning through retirement. You don’t just want to plan to reach retirement; you should plan to be able to enjoy it and live the retired life you’ve always dreamed of.

You should start by setting a goal (with or without a financial advisor) and figuring out the best way to pursue it. While it may seem like you have to deprive yourself of things today for some nebulous future, I believe that doing with less now will allow you to have a much better future when it comes. And it’s coming faster than you think!