Reason Number 3…Higher Interest Rates As a Baby Boomer I read that since January 1, 2011 we will average 10,000 people a day will turn 65 for the next 19 years or over 69 million Baby Boomers. There will be a tremendous amount of wealth transfer from the Greatest Generation to the Baby Boomers along with a conversion of their 401(k)’s into IRA’s upon retirement. …
CONTINUE READING >Baby Boomers are Finally Getting It Many Baby Boomers (born 1946-1964) are starting to realize they have not saved enough for retirement. According to this article, approximately 45% of Baby Boomers have NO SAVINGS for retirement. Hello? Of the remaining 55%, the median average is $100,000. Looking into the future, these Baby Boomers will be facing increasing costs for health care. Estimates range upwards of 1/3…
CONTINUE READING >I read this article on estate planning and it said that estate planning is not just for the 1%. As I read the article it pointed out that Federal Estate Taxes may be different than State Estate Taxes. I had never given it much thought but wanted to see how Minnesota rates compared to federal rates. Under current laws as of this writing, if your estate is…
CONTINUE READING >SaverNotes is pleased to announce that we have paid our 10th consecutive quarterly interest payment for investors of record as of the end of the First Quarter of 2016. Key Features of Notes from SaverNotes We designed several features in SaverNotes to be cost effective for investors and to be environmentally green as well. Our interests are aligned with our investors to generate a high current return for them and provide…
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