Business Marketing Magazine Summer 2017 Do It Yourself SEO Tips and Tools | Page 30
Investment
EF Moody
Retirement Planning continued- Inflation and Rate of Return Projections
Important Note from the Editor: Having a basic understanding of key retirement issues is essential for
any business owner. Many entrepreneurs and small
business owners are working so hard on their companies that they neglect one of the prime reasons
they started working for themselves in the first place.
Your goal is making an immediate profit and then
doing something with that money that allows you
to actually retire sometime in the future. For some it
means passing it on to younger family members and
assuming that you will get a percentage of the ongoing income from the business. Most, however, will sell
the business and reinvest the proceeds in some sort
of retirement fund.
The ideal, of course, is
to contribute to that
retirement fund over
time.
Here is a dilemma
that most people face:
All this retirement and
financial information
sounds like gibberish
to people without a
financial background.
And, for those people,
it IS gibberish. HOWEVER, you should read it anyway
and watch the free videos that are offered on Dr.
Moody’s website. The reason is that over the course
of a year you’ll pick up a lot of information, consciously and unconsciously, that will help you avoid
being taken advantage of by so-called financial salespeople who call themselves “advisors.” Unfortunately,
most of these salespeople/advisors don’t know much
about financial products either. By reading these
articles and viewing the offered videos, you’ll be able
to ask more astute questions of potential advisors. If
they can’t answer the questions, then you shouldn’t
be dealing with them.
So, by generally becoming familiar with the jargon,
30
www.businessmarketingmag.com
you give yourself a fighting chance of finding someone really competent to assist you in reaching your
long term goals.
One final point: If you have any questions that you
would like to have answered, please write to Dr.
Moody at [email protected]
L
ast month I started ‘do it yourself’ retirement numbers that commenced with
the necessity of a personal budget. While
true that all the items necessary for retirement numbers are guesstimates at best
when considering a 30 year+
retirement, the
budget has to
be as concise as
possible. “The
FED’s quantitative easing
fouled
up the U.S.
economy - then
the rest of the world did the same to theirs.
Now with China having a rough landing,
Japan lowering rates below zero, England
possibly leaving the EURO, Russia selling
major assets, etc., the FED is now rethinking
another rise in interest rates - maybe for the
entirety of 2016.”
The next two items are toughies to put it
mildly. The FED’s quantitative easing fouled
up the U.S. economics- then the rest of the
world did the same to theirs. Now with China having a rough landing, Japan lowering