The Biggest Market Crash in history is apparently supposed to be coming very soon? It seems like I am seeing more about this all the time. The economy has a lot of looming storm clouds ahead. One at a time, these individual storms would be enough of a challenge. What happens when they come together a the same time?
Mike Dillard and The Elevation Group have addressed these problems, but lets look a little closer at one of the more serious issues.
Surely you have heard that this is going to be the year that Baby-Boomer begin to retire! We have reached the year that baby boomer will be turning sixty five which is the standard retirement age. 1,000 MORE people will be turning 65 every single day from now on, for the next 20 years!
The primary investment vehicles of the Baby-Boomer generation are 401K and IRA plans. Companies could not afford expensive pension plans and the 401k was supposed to be the solution to this problem. It was actually cheaper for companies to match their employee’s investment choices. Especially since a percentage now could decide to keep the small pay raise they got from not investing.
What is the big deal with that?
How many average employee’s are actually that experienced when it come to stock market investing? In most cases, a financial adviser will be hired to give them advice that they will follow to the “T”.
Isn’t this a good thing?
Yes, if your financial adviser is actually experienced beyond the average college grad. However, the standard advice they will give you is to “invest for the long haul” and “diversify your investments”, to keep your investments safe.
Isn’t that good advice?
Yes, in a “bull market” where the stocks are actually gaining in strength. Fact is, markets go up and down, and most people do not have the experience or financial literacy to know what to expect.
Doesn’t the market ALWAYS go up over time?
The price of the stock market goes up when shares are being purchased. Meanwhile, stock market shares that have an excess supply from being sold, will always go down in price.
Here is some trivia for you. After retirement age is reached, you are required, by law, to begin selling the shares in your 401k. Every year 6% must be taken out. This is where the tax difference is made up.
Stocks that are being sold will go down in value right? Millions of baby boomers will be selling their 401k shares every single year. What happens to the value of those stocks? You guessed it. Share values begin to drop, right along with the value of all of those 401k plans!
In an effort to protect your money, wouldn’t you sell your stocks if you knew they were losing value on a daily basis?
The stock market would experience a selling frenzy. The Greatest Stock Market Crash In History could be the result, and it would hit a lot harder that most would think.
Protect your wealth, and don’t get caught on the wrong side of the biggest wealth transfer in history.
Mike Dillard has made ever effort to make these problems of NO consequence to those who pay attention. Mike has put 3 years of research into creating The Elevation Group to provide that solution to the general masses of people, who would otherwise be in a lot of trouble as this massive wealth transfer gets underway.
Can you be on of the elite who make a killing, or will you be on the other side of things?
