In the end, isn’t all about retirement planning? We work hard all our lives. When its time to retire, we want to insure we have a retirement plan that will sustain market changes and provide enough income for us for the remainder of our lives. In today’s day and advance, having a proper retirement plan is easier said than done. Because of the poor economy we have sustained these past few years, many of us need to work longer. In some European countries like France and Italy, the official retirement age has been advanced. Scientific breakthroughs and advances in medicine are also helping us live longer than ever. The days of making a retirement plan, putting it aside and waiting, are gone. The economic environment changes so quickly, retirement plans need to be reviewed on a regular basis. That’s where Profit Confidential comes in. In our daily writings, we attempt to analyze the market and the economy so our readers can make the proper adjustments to their retirement plans to insure their plans survives and prospers with the ups and downs of today’s economy.
Retirement Plan was last modified: September 26th, 2012 by admin
Since the Great Recession, it’s been a great time to borrow but a terrible time for those saving for retirement. With interest rates near zero, the Federal Reserve has effectively taken the “income” out of “income investing.” Even when interest rates do start to rise, it will be a long, slow trajectory. The.
Immediate term outlook:
The bear market rally in stocks that started in March 2009, extended because of unprecedented central bank money printing, is coming to an end. Gold bullion is up $1,000 an ounce since we first recommended it in 2002 and we are still bullish on the physical metal.
Short-to-medium term outlook:
World economies are entering their slowest growth period since 2009. The Chinese economy grew last year at its slowest pace in 24 years. Japan is in recession. The eurozone is in depression. With almost half the S&P 500 companies deriving revenue outside the U.S., slower world economic growth will negatively impact revenue and earnings growth of American companies. Domestically, America’s gross domestic product grew by only a meager 2.3% in the second quarter, which will negatively impact an already overpriced equity market.