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Post-COVID
Is this the New Economy?
We were doing so well before The Crash of 2020! How did an non-economic event halfway around the world suddenly have the potential to disrupt Baby Boomer retirement plans once again, and for perhaps the next decade?
Learn about, The Butterfly Effect, a whole new risk we'll be hearing a lot more about in The Post-COVID economy!
INCOME YIELD: The Bane of a Money Manager's Existence
When you retire, emphasis moves from capital growth (with inherent risk of loss), to one of preservation and income generation, to pay your living and medical expenses.
But income yields are shredded for the rest of the 2020's. With the damage done for the Crisis of 2020, it will be a very long time before interest rates come back to the bond market.
And dividends can suffer greatly every time we have the next crisis or recession, as companies have less profits to distribute to shareholders.
PRINCIPAL SPEND-DOWN: The Dwindling Spiral
Learn how "The 4% Rule" that guides portfolio withdrawals has become the "2% Rule" in modern times.
And when all you can spend from a portfolio is 2% to have a sustainable retirement, most seniors will opt to spend principal rather than go without. And without a safety net, with a single life emergency, their nest egg can dry up like a spider on a frypan!
Straight Talk Wealth is NOT another "get rich quick" show. With 10.000 Baby Boomers turning age 65 every day in America, that’s not what’s needed! We are news and opinion that focuses on how to preserve what seniors have built and survive the coming economic decades of risk and volatility in America.
Since 2008, and until March 2020 most people have assumed the the government had "made it all better now" by going into debt trillions and trillions of dollars, (beyond comprehension!) and can fix anything that ails us!
So now, once again in 2020 we have to ask. "Are we in one big Stimulus Bubble with the other shoe about to drop? Or are the basic demographics, and ingenuity of the American people, (and the power of The Fed to print money) such that we are poised for more decades of sustained prosperity?"
Bruce is also quick to point out that outside of only market risk, Boomers face a slate of challenges unique to retiring in the 2020’s.
1.) As a Generation we’re living longer than our parents. But to achieve that, the average Boomer will incur hundreds of thousands of dollars of expense in Healthcare needs at the end of life.
2.) Abysmally low interest rates make it impossible for Boomers to drive income from a portfolio, forcing a retired generation to perpetually stay at risk of big losses in the stock market.
3.) With the National Debt continuing to skyrocket there will be tremendous pressure to raise tax rates on all the fully taxable IRAs and 401K’s that Boomers will be living out of.
Straight Talk Wealth Radio will continue to bring you the solutions to each of these risks, (not ONE solution - that’s a sales pitch!), and speak to the experts about the future of retirement in America.