Enemy to Wealth #3 – Financial Myths
The faith in fancifully high returns isn’t just a harmless fairy tale. It leads many people to chase hot performance that can’t last. The end result of fairy-tale expectations, whether you invest for yourself or with the help of a financial adviser, will be a huge shortfall in wealth late in life, and more years working rather than putting your feet up in retirement. ~ Jason Zweig, Wall Street Journal, January 21, 2010
Do you want to be rich? Or do you absolutely, positively without uncertainty want to be guaranteed to not be poor? We have asked this question over and over to our clients and the overwhelming majority respond that they want guarantees that they will not be poor. Hindsight is always 20/20, and after recent financial meltdowns Americans are seeking and demanding proven financial results. More than ever, Americans are questioning why they are doing what they are doing with their money. When we started searching for answers to financial questions, we started to challenge the status quo and question why we were doing what we were doing.
We feel there are three myths that continue to be perpetuated by the media and financial gurus. The three myths are:
- Myth #1 – If I Save Enough Money I Will Be Able to Retire Rich
- Myth #2 – Average Rate of Return
- Myth #3 – High Risk Equals High Return
If you are interested in learning more about these myths and how we can show you how to receive guaranteed* income for life. Please give us a call at 801-990-5055.
Our firm assists retirees and pre-retirees in the creation of retirement strategies utilizing investment and insurance products. Advisory services offered through B.O.S.S. Retirement Advisors, a Registered Investment Advisory firm, and offered through Global Financial Private Capital, LLC, an SEC Registered Investment Advisor. Insurance products and services offered through B.O.S.S. Retirement Solutions. To see a list of services please visit us at bossretirement.com/services.
This content is provided for informational purposes only. It is provided by third parties and has been obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed. The information is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet the particular needs of an individual’s situation.
*Guarantees based on the financial strength and claims – paying ability of the issuing insurance company. Insurance products are not a bank or credit union deposit or obligation, are not FDIC or NCUA insured, are not insured by any federal agency and are not guaranteed by any bank or credit union.
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