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|  | Brought to you by The Oxford Club | Tuesday, November 29, 2016 |
Abandoning the USA Like Rats on a Sinking Ship
 Right now, there's a list of 25 countries agreeing to take "revenge" on the USA due to a certain American economic practice.
Even allies Canada, Britain and Qatar appear on the list! If you think "friends" turning their backs on us is bad... you won't believe what our enemies are up to. Full details here. | | |
Two Easy Ways to Set Up Your "Comprehensive Long-Term Care Plan"
 Transcript
If there's one part of aging that no one wants to discuss, it's our weakened decision-making ability.
But like it or not, as we get older, we become less capable of complex decision-making.
There are always exceptions, like the 90-year-old who's still "sharp as a tack," but the vast majority of us will need a fallback plan for when we're not "tack-like" anymore.
If you haven't already figured it out, investments are one of the most complex aspects of our lives.
Some folks never figure out how to manage them. But even those who do will have to prepare to ask for help in the future.
At some point, our portfolios, investment accounts and personal finances will become too complex for us to manage.
And at that point, we'll need a comprehensive long-term care plan. And this "plan" involves much more than just long-term care insurance...
The first part involves simplifying the financial aspects of your retirement plan.
If you're accustomed to managing a stock portfolio yourself, monitoring the day-to-day details, and tracking earnings, revenues, etc., forget about it!
The simple fact is, at some point, you won't be able to handle it by yourself. And that's where your simplified retirement plan comes in. You'll need to appoint someone to manage it for you (like a trusted relative, friend or professional money manager), and they'll help you set up a transition plan to transfer control so you don't drop the ball and lose a ton of money.
Or the alternative is that you shift gears so your income is not dependent on the stock market.
You can achieve this by focusing on sustainable income. I'm talking money that automatically shows up in your account each month.
This would include interest income from bonds, annuities or even a structured payout plan from a portfolio of funds (that last one is not my first choice for reasons I'll address in another piece).
No matter what income sources you choose, it's critical to begin thinking about your future management plan now...
Before your situation reaches "critical mass." And by that I mean before the point when your mental faculties begin to go.
But if dementia or Alzheimer's has already set in, it is probably too late.
If you have a child, spouse or partner who can step in and help out, you're lucky. That's because the financial damage that can be done by a person with diminished capacity is something you have to see to believe.
Failing to file tax returns, for example, is one of the earliest symptoms. And if you find yourself in this situation, you'll be eaten alive by penalties and interest.
You've also got to plan in advance, simply because it's a legal nightmare to get control of another person's assets once he or she is mentally incapacitated.
This isn't what any of us want to face - and it's something many of us secretly fear - but it's coming for all of us. So it's something we've got to prepare for.
Do everyone in your life a favor and start transitioning now.
Good investing,
Steve | | Exposed: Blowing the Whistle on Bush, Clinton and Obama
Most Americans haven't heard about this... But over the past decade, Presidents Bush, Clinton and Obama have all been making millions from a very unusual cash source...
Billionaires and their powerful friends have collected huge amounts of income from this too. Problem is, 99% of all American citizens typically can't access this extremely profitable market. But now, we've found a perfectly legal backdoor way for ordinary investors to get in... for as little as $15.
Details here. | | |
| Recent Articles From Wealthy Retirement |
| Get a C.L.U.E. and Save Some Money by Kristin Orman Monday, November 28, 2016 You could be paying extra for hidden mistakes and additions to your insurance plans. Here's why you should request a copy of your personal insurance history - called a C.L.U.E. report - today. Read On... | |
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