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But I am lines -- -- -- thank you for joining us for the business block on foxnews.com.
Live we're gonna talk about retirement savings so many people struggle to meet the day today.
Financial needs that it's hard to think about not to mention be fully prepared for your golden years -- seems so far away.
Although I think we'll pick it up like -- our first guest on set now is buried in a row the president and CEO.
Of -- finance all of you are a retirement -- you deal with pre retirees those folks in their fifties and retirees.
I call them the ones who are most panicked.
Hits it very tiring stand.
And that you -- -- fifty million dollars this this do you think it's taken so I don't find the right strategy where you have opportunity as policy.
What you are attacked that to keep one.
The -- what we find when people come to us and -- you come to us and some of them are panicked.
But what they're really looking for a safety and opportunity -- and a lot of people think that's an impossible to achieve but it isn't.
First thing we looked at would look at people's -- -- years.
Do they have a strategy that so noted.
If you look at a person you can pretty much tell the -- they think by their formative years between 23.
Your caddie you yet hard wired that way.
And so the monitor for people retiring today and we go back 3040 years we have -- less volatile environment.
We have about less computerized age and and the -- them -- buy and hold.
We sort of caught -- and pray now people have pensions.
Back at people like pension yet good point.
But anyway that the point is this is the industry.
-- balance the idea -- hole so they don't follow.
So what you're saying so the these retirees have big blue chip kind of names -- -- -- isn't it than just sitting for decades holding onto you know Disney.
Well they have big blue chip in their portfolios of problem loses on that -- -- retirement.
They've had some really big drops some really big ball and into it and it just kept it and that's the -- seen -- -- -- Actively.
Exactly and the problem is if you look at mutual funds -- bylaws that basically state that they want to invested.
85 to 90% of the time just stay put strategy and that's not working and the fact is this is the industry doesn't do that.
Let's let's talk about the market this week right now let's put the big board guys -- up in the triple digits so our yesterday -- -- And he did it today and didn't for a hundred at at the days before that -- his last Friday down to fifty pounds 300.
If you are a little more actively watching the markets and make huge money in times like this but a lot of people think it's retirement.
We're not talking about -- tree okay for our clients.
But we are talking about making some strategic moves I'm moving more money to guarantee vehicles and there's a perception that -- vehicles really don't pay.
And the vehicles that we use there's planes have averaged 57% return that's -- That's adequate yeah let's say get you can find an -- 6% guaranteed return here again -- that way you can't of course the dangerous now.
Is the utilization of bonds.
If this interest rates rise yet.
They could for the first time C drops right but what we're talking about is using vehicles that have here and he guaranteed income.
And they were also talking about watching portfolios in the strategic moves in the -- -- be 11 or two year.
We have or -- references this has averaged 12% a year the last ten years.
With that's great.
And talk to me what the really key thing.
The really great thing is that if you look at 20082002.
They didn't month.
They didn't go down they weren't that -- so.
So you've got safety to some degree minimize risks but Johnson got a really -- return him and the strategy for most retirees today is.
They're saying -- -- -- isn't working my strategy will be to just take everything on the market.
Well that's my parents did the right before the crash.
My mom panics I think they have lost to good chunk of their money and -- -- my -- pull out of market.
Asking him -- let's talk to me I know a little bit -- this stuff and they lost a lot of money.
And the problem have they were in a vehicle that would could not make that game back up again.
So first and foremost we set our or -- and we we talk about strategy and distribution there income needs me future they're living -- decent retirement.
You know your campaign that I know it's relative but.
The average retiree it really Israel because we have three different types of -- you have plans to commend him.
Great income pensions Social Security Grady comes but not that much cash them but they can -- Then the other hand yet people come -- with a very large sum of money.
Let's say 25 million dollars but they have very important come home and then at the last them yeah so everybody's different.
And you'd be surprise.
But pretty much everybody can have a decent retirement -- in the question is getting some growth in your money getting some safety and hearing team in right.
And then remembering to live.
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