Recovering From Huge 401k/IRA Losses — First? Take Control

Posted @ 10:18 pm - Filed under 401(k)'s & IRA's, BawldGuy Axiom, Capital Growth, Cash Flow, Financing, Purposeful Planning, Retirement

Though I’ve done this for many investors in the past, I’ve ignored the approach for several years. However, folks finding themselves in the position of facing the loss of 25-40% in their retirement funds need every edge they can get. The last time this happened was around seven years ago, with the crash of the tech market. It wasn’t uncommon to talk with people who’d lost heartbreaking chunks of their net worth in the time it took to go from Monday Night Football to Happy Hour on Friday. It wasn’t pretty.

Lenders are now paying more attention. Surprise surprise.

BawldGuy Axiom: Lenders lend. Period. It’s what they do. Don’t lend for long enough, and the tattoo on their foreheads sayin’ LENDER begins to fade. This is invariably followed by, you guessed it — lending.

Due to the rigors of moving my office this week, tonight’s post will be brief.

If you have a retirement plan at work, and it currently sports a balance of at least $90,000 — you can probably begin to make up for your recent losses. I have all of the pieces in place for your success. You can, over a reasonable period, recoup much if not all of your losses, depending upon your particular set of circumstances. If you have 10-20 years we can possibly add an extra few grand a month in retirement income. Oh!! Now yer payin’ attention. All kiddin’ aside, sometimes it takes a steel-toed kick in the pants to make people look at something better than Wall Street. Capital growth is the name of the retirement game. No capital growth = very little retirement cash flow.

Go figure.

Tomorrow I’ll be writing about what’s possible. Meanwhile, if you have the minimum capital mentioned above, get a hold of me and we’ll figure out what’s possible for you. Purposeful Planning will make the difference. Have a good one.

This entry was posted on Monday, December 1st, 2008 at 10:18 pm and is filed under 401(k)'s & IRA's, BawldGuy Axiom, Capital Growth, Cash Flow, Financing, Purposeful Planning, Retirement. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.