My financial planning for retirement

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My financial planning for retirement

My financial planning for retirement started ten years ago, before actual retirement. Attending seminars on retirement planning was part of preparation.

Retirement Planning seminars ten years ago

I remember a large auditorium filled with about 300 would be retired people still working at that time. First speaker was a doctor psychologist who scared us describing how we loose our physical and mind strength with age. In time we will become big losers. Bone and muscle mass reduction, arthritis, diabetes, hart diseases will be the new encounters.

When all this scary facts filled our mind, the second speaker came to show us how much money will need in retirement and how he can help in big way by doing the financial planning for each of us to fight the inflation and the market risk.

Free luncheon Retirement Workshops

Since that first seminar I have been attending many “Free luncheon Retirement Workshops” offered through direct mail by more or less gifted Investment Advisors.

“Nothing is sold at our workshop. This workshop is designed as an informational overview to help educate retiree (or soon to be retirees) about the specific financial dilemmas they face, and the pro and con of the various options available. If married, both husband and wife should attend together.”

The best speakers have some kind of priest or missionary experience the other half have only financial certification.

Topic changed since ten years ago

After speakers introduce themselves, they give the necessary scary picture of the economic environment and the expenses in retirement. In the end they promise they would be your saviors:

After the 2008 financial market crush and in the current recession environment the topic is high on financial security in retirement. The indexed annuities become star options for IRA accounts.