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Bawld Guy Retirement Income Seminars July 3, 2015

Posted by shaferfinancial in Mutual Funds for Retirement, Retirement Income.
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Retirement Income Seminars. Jeff Brown has organized monthly seminars around the country that are focused on strategies for maximizing retirement income. As you know I have for a long time used real data to develop efficient retirement income strategies that work. For years Jeff and I have put together purposeful financial planning based on a multiple prong strategy of real estate investing and EIULs. The data on successful retirement strategies is succinct in documenting what works and what doesn’t work. The seminars present experts on all aspects of successful retirement income strategies including myself. Please look over the list below and visit the link the month of the seminar you can make. The small cost of attending could be the most important decision you make in creating a fruitful financial future.

Bawld Guy Live


Detroit, MI July 10-12
Dallas, TX August 7-9
Las Vegas, NV September 25-27
Newport Beach, CA October 23-25

The truth falls on its sword in the face of the Wall Street Hype Machine September 2, 2014

Posted by shaferfinancial in Finance.
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Sometimes I go out into the internet world to see what others are saying and advising. It’s interesting that the Wall Street hype machine, regardless of what people really feel about Wall Street gets reiterated all over the net. Now that we are 5 years into a bull stock market, and last year we saw over 32% rise, everyone thinks they know how to become a millionaire retiree. Yep, just keep putting money into that 401K and you will retire wealthy.

Every CFP or whatever letters they have by their name, almost every newspaper or magazine finance writer, all the mutual fund companies, etc. are out in force telling people just to keep buying those mutual funds. And that is repeated as gospel by folks on the various websites. You can’t go wrong!

Yet, the studies don’t change that illuminate that people aren’t becoming millionaires with their 401ks. No, they are just putting money into their 401ks/mutual funds now that they are at a high value. Guarantee, that will reverse itself after we get a correction. Happens every time, when the stock market goes down, people start to sell [many because they need the money when they lose their job].

And Wall Street loves it all the way to the bank. Never mind those pesky Dalbar Studies, never mind the government studies, never mind that people are having to work longer because they have few, if any savings. No, just stay on the program. Don’t know if this is “Alice in Wonderland” or “The Wonderful Wizard of Oz,” but folks who believe in the impossible will pay the price.

Should you invest in your companies 401K? April 18, 2014

Posted by shaferfinancial in Finance.
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I regularly receive calls about and discuss with folks this question. Often the answer comes down not to mathematics but emotion. I have posted regularly on why I think the answer should be no, but the answer is usually long winded, rational, and mathematical.

So here it is in a brief statement:

By investing in a company 401K you trap your money in a bad investment for retirement income.

Key words are TRAP and BAD. I have long posted on why mutual funds are bad investments for retirement income. The rules for getting your money from a 401K are so onerous as to force folks to leave jobs in order to get their retirement accounts.

End of Story.

Give me a call if you want to put your money in a better place.

More media attention to the failure of 401Ks! January 15, 2009

Posted by shaferfinancial in Finance, Uncategorized.
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First the Wall Street Journal and now the LA Times have published articles about the failure of 401Ks as a retirement vehicle.  You know the media, it loves to print articles about terrible events!  Yes, I have been telling folks this for a long time now, unfortunately the reality is so bad after 2008 that it can’t be ignored.  I’m sure there will be much teeth knashing about how corporations have screwed the  American public by ditching those defined benefit plans and putting the 401K plans in place.  However, companies that have the defined benefits in place are paying a steep price now (see GM) and are mostly underfunding those plans.  And the next wave to hit  is the public arena, where towns and municipalities are having huge issues balancing current taxing revenues with expenses.  Expect public employees to start to feel the pressure as states, towns and municipalities deal with the loss of tax revenue ongoing!

Social Security will become even more depended on by the baby boomer generation as they retire with even less in their retirement plans!  Seniors will need to get their cash out of their homes, so you can bet on more crisis down the line as seniors fall for the reverse mortgage products in a last ditch effort to not have to sell their homes.  No it is not going to be pretty for the baby boom generation’s retirement.  

This keeps the pressure on, to set myself up with enough assets to go it alone through retirement without depending on social security or other government programs.  Knowing full well that Wall Street isn’t going to bail me out, like we did them, and not wanting to be dependent on a meager social security check I am left with only one position, do it myself.  Ten years ago I started to become an active investor (instead of a passive mutual fund  investor), three years ago I was laid off from a job and truly became dependent on myself, so when I talk to people about changing their approach, I speak from experience. Ten years and I am 1/4 of the way to my goal, despite the poor 2008 and starting from a negative net worth.

If there was ever a time for the lights to go on for people, it is now!  Become an active investor and/or start a business, join the investor/banker crowd, it’s not too late. 

Hope to have the new website up for the Shafer Wealth Academy  by next week.  Remember my book launches at the end of the month!

Have a great weekend (its a long one for us with my son off from school), sit down and consider what you are to do about your retirement!  The time to make changes is now!

Told you so! January 11, 2009

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After a long day of traveling yesterday, we are back in Florida! 🙂  Still recovering from a crazy cold that has lasted since Dec. 30th.

Since I have made this my main claim and call to action for folks, it is finally gratifying that the mass media is starting to see the light!  Read this Wall Street Journal Article and tell me it doesn’t sound like what I have been telling folks for a while, now!  Remember my book launching party is coming up the end of the month.

Yours in wealth creation,

David Shafer/Shafer Financial