Getting to your Retirement Exit was created out of a passion to share information on how to properly prepare everyday people for their retirement. It was created because one of the most important decisions that would last over the next 20+ years would often be made in less than 24 hours without direction or coaching. Visit our website at www.myretirementexit.com for more information.
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How Playing House Became Real.
How Playing House Became Real.
I never thought this day would
come. Waking up in the hospital bed with one kidney gone and the other
kidney in disarray, how could life had been so unfair was the question that
first came to mind. Heavily medicated, I heard the doctor tell my wife,
“If his other kidney does not wake up in the next 8-10 hours, then he will be
on dialysis for the rest of his life,” and my wife began to cry over my bed.
It was 2011, and playing house had just
gotten real. All I remembered at that time was did I pay the life
insurance premium? Would my wife and kids be okay? Did I prepare my
family financially to run the house in my absence? The only check box I
could make at the time was I had paid the insurance premium, but I could not
say I had answered all the other questions.
My name is Jenny Jones and I am a
Financial Advisor/Survivor. You may be asking what a Financial Advisor/Survivor is. It is a person who is licensed and registered as a Financial Advisor, passionate and zealous about finances, yet who
has escape death twice to live another day to tell because his work is not done yet. This blog will share real and raw
life experiences about finances, and will shed light on real issues surrounding retirement and preparing for it. As a former insurance agent,
stockbroker, college professor, Yahoo! Finance columnist, army veteran, cancer survivor, stewardship
instructor, son, father, and most important, husband I have experienced a great
deal concerning finances over the last two decades. I will share them all here in the blog in hopes that it would help someone else. I was trying to figure out a
way to introduce and share a national crises about retirement planning to more than just my friends and family and I was all out of ideas until someone said start a blog and share the information there. If you were trying to figure out some successful tips to
retirement, this would be a great place to visit often. Thank you for
visiting and see you back soon.
I have been getting a lot of requests to put up a blog post to prepare everyday retirees for an upcoming market correction. First of all let’s describe or identify a market correction. A market correction is essentially an overall market drop of about 10%. A market correction is not to be confused with a bear market, which is about a 20% drop in the markets. First, let’s discuss when the last official market correction was on the books. The last correction was the summer of 2015, and it started with China’s market in June. China had a stock market crash that continued into July and August, then around the middle or August the Dow Jones Index (a collection of key stocks that measure the market as a whole) The Dow Jones Stock Index basically measure the pillars or historical fortune 500 giants of the United States fell about 10%. The Dow Jones fell 588 points during a two-day period, 1,300 points from August 18–21. Then on Monday, August 24, the world stock markets were down sub…
I remember sitting in a classroom about 17 years ago, and the instructor passed around a magazine for us to look at. On the cover was a person by the name of Ted Benna, and if you research or look him up you will see that he is called “The God Father of the 401k” or something of that nature. I wanted to add some context to the readers who are yet to listen to Part I of the Reason Why I Hate Your 401K, which is available as a podcast here, and I recommend as an introduction to this Part II blog. In celebration of our 10th podcast for “The Retirement Exit”, I decided that this subject was too complex to share on my podcast so this blog is Part II. Part I (podcast) will share two other important reasons, but Part II (blog) is the biggest reason why I hate your 401k.
I share in that podcast why I hate your 401k, and why I no longer hate my retirement plan. This blog will take into account that my listeners have heard the podcast and pull…
Why My Retirement Social Media Status-Is
Complicated I remember when someone told me I should start a
blog; my answer was I really do not have time. I told them that there
were enough bloggers out there, and I think most of them do a good job.Their response to me was you are
different. When it comes to explaining stuff, you precisely say definitely what the problem is, and everyone exactly gets it. I said thank you, and still never gave starting a blog another thought.
As I sat down with more clients, I started to realize that there
is too much information available.Nevertheless, the more information available the more overwhelming for
the average retiree becomes. I think retirement and retirement planning can
be very tough to understand as it is, but add something like the open letter
that was written to our current Vice President, Mr. Mike Pence, from the board
of trustees of the social security administration and now you are at another
level of complexity. The letter from the …