Monday, January 14, 2019

Thrifty Thinking: How to Crash-Proof Your Retirement Nest Egg

You’ve probably heard 2018 was the worst year for stocks since the financial crisiswith major stock indexes posting their worst December since the Great DepressionBy one estimate, the average 401(k) owner completely invested in U.S. stocks lost $8,733 since the end of SeptemberBut the experts say sit tight, don’t panic and everything will be alright. What if they are wrong?

“Wall Street is plagued by the prospects of mounting inflation, slowing growth, debilitating trade wars, and interest rate hikes,” Pamela says. “Goldman Sachs’ ‘bear-market’ risk indicator rose to its highest level in almost 50 years. Morgan Stanley announced that we’re in a rolling bear market that could cripple stocks indefinitely. And JP Morgan Chase warned that the liquidity binge of the last ten years has set the stage for the next financial crisis.”

Since 2000, Wall Street has lost more than 49 percent of the average investor's savings ­–twice. If it happens again, the results can be a big setback for most of us, but catastrophic for those nearing retirement.

To help people “crash-proof” their retirement savings, Pamela advocates a strategy she calls “Bank On Yourself” as the safest way to build and protect wealth in any economy.

“The Bank On Yourself method is the ultimate ‘Plan B,’” Pamela says. “It's never had a losing year – and that includes during the Great Recession, the Great Depression, and every other market crash and economic bust over the last 160 years.”

About Pamela: Pamela Yellen is founder of Bank On Yourself, a financial investigator, and the author of two New York Times best-selling books, including her latest, "The Bank On Yourself Revolution: Fire Your Banker, Bypass Wall Street, and Take Control of Your Own Financial Future." Pamela investigated more than 450 financial strategies seeking an alternative to the risk and volatility of stocks and other investments, which led her to a time-tested, predictable method of growing wealth now used by more than 500,000 Americans. Visit: www.BankOnYourself.com


For more information visit her online press kit at www.pamelayellen.onlinepresskit247.comand public site www.BankOnYourself.com.

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