I’d like to share a story about one of our clients that has been retired for ten years. We will call her Jenny, to protect her true identity.
Learn how she managed to turn around her retirement account that was losing nearly 8% into positive double digit returns nearly doubling her income.
Jenny who has been working as a teacher her entire life reached the age to retire and was relieved and excited at the same time. She was ready to enjoy her retirement years until one day when she took a closer look at her 401K. With a shock, she has learned that her retirement account was losing nearly 8% due to a combination of “lack of performance” and “amount of excessive administrative fees”.
She has asked herself “What did I do wrong? I have followed each and every suggestion of my financial advisor I have been using for years”. Yet she came to learn that good amount of her funds went towards administration fees, transfer fees, trustee fees and many others. As a result, Jenny was losing about 8% in her retirement account. We can conclude, that her money was not invested in such a great investments that was a combination of Jumbo CD, money market account, bonds, variable annuities along with some others.
Jenny was fortunate enough to have a good friend with financial knowledge who opened her eyes into various possibilities of tax free and tax deferred environment and helped her to improve her situation. After properly restructuring her entire retirement with a help of her friend, she has relatively quickly turned her retirement from losing 8% into positive double-digit returns – nearly doubling her income. Some of the investments are currently earning her between 8 to 18% returns. If it wasn’t for her friend, she would still be in the same situation losing about 8% of her retirement account, without financial knowledge and not knowing what to do.
Some of the investments she selected are safe, others are low risk investment and I believe she has also chosen one investment with higher risk, all of them combined are now earning her nice and steady positive cash flow.
Prosper 2000 is one of the contributors to Jenny’s success of turning negative income into a positive one. Jenny’s safer investment with Prosper is now earning her fixed, steady monthly income of double-digit returns no matter what the stock market does.
Why have I decided to share Jenny’s story with you? There are a lot of people losing money in their retirement accounts, especially nowadays with wild market volatility and unstable economy. It is critical now more than ever to learn about options of your retirement accounts. It is your money to guard and NO ONE will take care of it better then you do. Do not expect most financial advisors to truly care for your money as much as you do.
Yes, it does take time and effort, but it is the time worth spending. You will be amazed by what you can accomplish with your retirement with proper knowledge and possibilities our current system offers. Â
I want to reiterate the importance of gaining proper education by learning about different investment vehicles in tax free environment available to you. Look for opportunities.
Jenny’s story is just one of the examples to illustrate how can someone turn around negative situation into a positive one where a person may start making money instead of losing it. There are many investments out there just like Prosper 2000 offers, allowing anyone to invest in safer investment vehicles that often result in steady positive cash flow.
We wish you all good luck, and please do not forget to share your story with us. If you feel you came across great website with valuable information, let us know in order for us to share it with others.