Uncertain economy and the withdrawal of money

Many of you are in the red zone right before retirement or already retired. There is no doubt that his main concern is the lack of money in retirement. You're one of 35 million euros over 65 large and growing demographic: the year, 50 million drawing Social Security and 78 million baby boomers turns 62. This means that the future demand for everything that serves to establish the "withdrawal" will increase, and "price" of old age will rise significantly. Many of you have accumulated apension savings into an account of seniority, receives a pension from the company and / or have other retirement savings and investment. Where you should keep the money in retirement?

If keeping pace with economic and financial developments is what we see: sub-prime credit crisis that has destroyed homes and now extends to cars and credit card debt, and bond markets highly volatile shares The weak dollar fueling price increases oil and other raw materials;more unemployment and higher inflation, retail sales, consumer confidence and the creation of new jobs in decline, drastic cuts in interest rates by the Federal Reserve to avoid a recession, a gift package stimulus money from Washington to support the economy lagging, many talk of recession and stagflation. They must add the economic problems should lead to reconsider the case of your money for retirement.

They say that the stock market is longer termbut "long term" has a different meaning in retirement. Perhaps the collapse of the dot.com stock market in 2000-2002 to send lots of retirees returning to work and to prevent others to retire? Are not the current inflation-adjusted indexes below previous peaks? Regardless, the voices of Wall Street firms and investment advisory for purchase now at bargain prices. markets or are increasing their self-service consultancy that can predict the economy or thestock market?

If the craters on the bag as he did in 2000-02 and 1973-74, and has lost part of their retirement money, how will you replace it? Because there will be a second chance, I encourage you to think seriously before committing your money. If you've already said that will do just as well for an extended period (which usually means ten years), make sure you can wait that long to rebound in the market. I also remember that recovery is not true!

What about places like the type of fixedbonds, bank CDs and money market accounts? E 'rock-solid security unless their greatest fear is to survive his money. As the current fixed rates are lower than inflation, you will lose purchasing power with these options. The potential loss of purchasing power, increase the likelihood of surviving their money. What about real estate, collectibles and non-market investment? These are not the only risk, but generally illiquid. Before committing retirementmoney, ask yourself this question: "How can I handle the worst outcome?"

There is a place that offers a savings of "opportunity" to make a return on the market without the risk of loss, if maintained long term. It is guaranteed by some of the oldest in the world, the company stronger and more large financial institutions. The rate of return is determined by the values and interest rates on the bond market with the owners of participation in the possible benefits, but avoid the loss of down. The worst outcome is guaranteed positiverate of return. Accrued interest is deferred income taxes actually removed and there is no mandatory age when the money should be used. Moreover, it can become a guaranteed income for life that can be started, stopped and stored. It also offers penalty free partial liquidity for emergencies and the deviations of succession, if the names of the beneficial owner. Can be opened for a lot or a little ', sometimes more money can be added later. There is no lawlimit the amount of money that can be placed in it. This is truly a safe place to save money for retirement.

It 'been criticized by Wall Street and bankers, because it competes with their products. The financial press do not like either - mainly because they are uninformed, misinformed or in part. I speak indexed fixed annuities offered by insurance companies: the same companies that insure your home, life, health, business and other valuables. Theworst result is positive, although low, the rate of yield to maturity, but there is a chance to do much better. Index-linked fixed annuities are not for everyone, but we need to be considered one of their insurance options for pension funds. Where do you keep the pension funds in the current climate of economic uncertainty and problems? If the sites at risk, now is the time to review the options.

Shelby J. Smith, Ph.D.

February 2008

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