Posts Tagged ‘baby boomers’

Will Health Be The Biggest Erosion Of Your Wealth?

Tuesday, February 17th, 2009

When Health Erodes Wealth

corporate mindshift: management

MARKET DECLINES ARE NOT YOUR BIGGEST THREAT

Baby boomers are quaking over the 30 – 50% erosion of their retirements funds, while the biggest threat facing the status of their long-term financial well-being may be closer to home, and within their control.

The winning secret of hockey’s all-time great, Wayne Gretsky, has been much quoted and has relevance in being on top of your financial-future game. Gretsky said the key to his success was simply, “I don’t go to where the puck is…I go to where the puck will be.”

Today we have a lot of pre-retirees, baby boomers born between 1946 and 1964, now ranging in age from 45-63, anxiously looking over the shoulders of their financial planners, wondering how to recover the retirement loses they have seen in the past year.

BUT WHERE WILL THE PUCK BE?…

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