Life Is Not About Living In Fear Of Financial Storms
The pandemic has been especially challenging for retirees who didn’t take the time to diversify their wealth strategies. Many financial advisors are now saying their clients are losing sleep over the recession’s negative impact on their portfolios.
Those near 55 and up who are hoping to continue the same lifestyle and spend the same money that they were before retirement are the most threatened by inflation. Senior family members are most likely to put their money into riskier strategies because they need the income now and can’t afford to wait.
“Retirees With Poor Family Wealth Strategies Are Really Being Squeezed.”
It is a perfect storm,” said Kathleen Gaffney, a portfolio manager at Eaton Vance. “We’re going to see that it will be a little bit harder for retirees to make ends meet now,” said Chris Brightman, chief investment officer at Research Affiliates.
The cost of living for seniors has become even more critical over the last year. And many U.S. cities aren’t friendly for retirees. Many Americans live paycheck to paycheck and are unable to save for retirement. Now is the time for the whole family to take a hard look at the new wealth-building strategies.
Limitations Of A Fixed-Income Strategy
Rising prices erode the purchasing power of your investments, especially if you’re relying on a fixed income. The ability to get consistent purchasing power over time is at a greater risk today than it has ever been in any of our lifetimes. “Things are so expensive now,” said Peter Mallouk, founder and co-CEO of Creative Planning. “Inflation is our Enemy.” “The last time we had this level of inflation was 40 years ago,” said Jerry Goldman who hosts an investing podcast called OTC Market Intel with over 200 episodes.
The Metaverse Offers Profitable Wealth Strategies For The Whole Family
Investing in the metaverse can be very profitable for the whole family. It is a great opportunity to have a passive income stream and have financial freedom in your life.
A meta asset portfolio in the metaverse could be a multi-generational income-producing strategy that includes all three generations of your family in a single, diversified strategy. Meta asset portfolios are designed to help you diversify, reduce risk, and increase your family’s overall wealth.
“Investing in the metaverse is a great way to help keep your family safe, and bring prosperity to you.” Earning extra money from the metaverse can help you raise money for a new business, cover your family health care insurance with ease, or even power your travels around the world. The possibilities are endless when you consider investing in the Meta asset portfolios.
Family Wealth Strategies & Gaming
Are you interested in boosting your kids’ bank/savings account? The global gaming industry is huge. (198.40 billion USD in 2021) With the global population shifting to the metaverse, the whole family will be able to make money in ways never before possible.
The metaverse is blooming into an exciting new world of virtual reality. Its possibilities for earning money and entertainment are endless, indicating that one day, investment today may be very lucrative.
Engaging in the metaverse can be a great way to pass the time. For me, I find the metaverse enjoyable and profitable. Ultimately, it can be very beneficial for your family and everyone around you.
Make a little or make a lot in the Metaverse
The Metaverse is full of great opportunities to earn extra income. Whether you want to run a business or sell your skills, there’s a place for you in the Metaverse.
1) Play-to-earn games
2) Get a freelance gig in the Metaverse
3) Conduct Metaverse events with paid tickets
4) Buy, sell, and rent land parcels/assets.
5) Create & trade NFTs. ( Not all NFTS are pictures. Some are assets that pay daily/weekly/monthly)
6) Defi. Earn up to 5% for keeping funds in a wallet only you have access to.
7) Mining. Get paid to help create coins for the games or earn other assets. (Even real gold, from a virtual world.)
8) Promotional airdrops.
9) Metaverse brokers/managed accounts. Earn 300% with the top 6 brokers in the world.
You can start earning extra income in the Metaverse today. Make sure you don’t miss out on this great opportunity to diversify your family wealth strategy!
Watch the “Discovery tour” and then click on the yellow “Enroll Now” button to set up your free wealth accumulation metaverse account. Family Wealth Strategies
Related:
– This is the easiest time in history to get wealthy with partnerships
– Family Wealth Preservation Strategies
4 replies on “Family Wealth Strategies”
Retirement can be fun and exciting, but it can also be boring!
If you don’t plan ahead, you might end up with a life that is lacking in excitement!
Testing your retirement strategy readiness by imagining yourself in retirement is a good place to start because it can help you with necessary planning. Using multiple FUN tests, one can ensure the best strategy for maintaining the lifestyle he or she wants. One simply needs to consider their own personal situation and preferences and then use their numbers in order to determine how much money will be needed both now and later in life.
Planning for fun with your family wealth strategies is just as important for retirement as planning for expenses. When you put in the right financial structure, you can enjoy your retirement now and be confident that your future will be protected.
The time to plan for your retirement is now. The sooner you start a Family wealth management plan, the more options you will have available to you when it comes time to make that final decision.
You don’t want to be stuck wasting your hard-earned money on a clunker car once you retire. A good family wealth strategy now can prepare you for the future and safely pay for a new car after you retire.
A good family wealth strategy is needed to cover dental expenses.
There is a significant amount of money that seniors spend out-of-pocket for medical expenses. Medicare does not cover all medical costs and you want to make sure you have enough insurance coverage for all of your medical expenses.
Dental expenses have the potential to derail a retiree’s savings. Medicare does not cover routine dental care, so it can be difficult to budget for necessary procedures. Some seniors are paying thousands of dollars out-of-pocket for dental work on top of high insurance premiums. A good financial advisor can help you build a budget that covers all your expenses as well as plan for future needs and unexpected expenses such as dental work.
Family wealth strategies need plenty of room for health care. There is no such thing as free health care, even with Medicare. When you retire, be prepared to spend thousands of dollars every year on your health care.
Medicare is a good health care program that provides most of the services seniors need. But because it doesn’t cover much, you will have to pay for additional out-of-pocket expenses. Fidelity Investments estimates that a couple retiring at 65 will need $250,000 for future health care costs!
Nobody wants to think about what happens when you get sick. But for many seniors, it’s a reality. Health care costs are rapidly rising and limited insurance options are available that could leave families on the hook for thousands of dollars every year. Most seniors applaud Medicare, it is a good program but it isn’t comprehensive enough if you want to avoid costly medical bills.
If you’re looking to keep your medical expenses as low as possible, Medicare can be an excellent resource. But it’s worth noting that it’s not a complete benefits plan. Having extra income from the metaverse and choosing the right supplemental insurance plan can make all the difference.