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Calculation Retirement: Protect Your Nest Egg in Retirement - Real Information for Baby Boomers

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4 Things a Financial Planner Probably Won't Tell a Baby Boomer About Retirement

 

For many baby boomers in retirement, accumulating a nest egg for use in their retirement years seems like the most difficult part of retirement planning. Fact is, retirement planning is the easy part! Thing is, that precious nest egg must continue to provide for you for the rest of your life...

Do you know how to protect your nest egg? Learning how to keep and manage your nest egg whilst taking a pension from it is far harder than just accumulating it.

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Baby Boomers and Retirement - A Simple Question 

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Where Your Nest Egg REALLY Ends Up 

#1 - Did you know that a large part of your nest egg will end up in your financial planners pocket?

Yes, the fees and charges financial planners charge can quickly deplete the retirement nest egg you have worked so hard to build!



"It's typical to pay 2% - 3% of your investments in fees. What does that leave the retiree? Not much."

Accumulating Your Nest Egg vs DISTRIBUTING Your Nest Egg 

#2 - Did you know that most financial planners are only equipped to help you accumulate a nest egg - but have no plans or experience in helping you distribute your nest egg?

This is also true! Without a safe plan of nest egg distribution, most baby boomers will find they are out of money shortly into their retirement years.



Simple Retirement Calculators 

#3 - Know those inaccurate simple retirement calculators you can find online? Financial planner use those, too!

Retirement calculators can be quite dangerous - but are widely available to baby boomers with a simple online search. Do you realize that all those fees and charges from your financial planner are charges for them to use a retirement calculator just like the ones YOU can use for FREE online?



Safe DrawDown Rates 

#4 - Many financial planners don't know the math behind safe drawdown rates that will enable your retirement nest egg to last for a long time.

Protecting your nest egg means keeping your money working for YOU, available to YOU, and there for the long-haul.



"My biggest fear was losing my Nest Egg...make sure your nest egg survives & provides enough income"

Retirement Help for Baby Boomers 

..from someone who has 'been there, DOING that'!

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How Can I Learn How To Protect My Nest Egg? Is There Help for Baby Boomers in Retirement?

David Bates Can Teach You How To Protect Your Nest Egg 

David Bates from ProtectYourNestEggInRetirement.com can help.

David has learned the hard way what it takes to protect that precious nest egg he has worked so hard to accumulate. His endless hours of research are all generously shared on his Baby Boomer Retirement Blog.

Read David's story here



How To Protect Your Nest Egg in Retirement

"Will YOUR retirement be the best time of your life? It CAN be - but only if you've got enough money to enjoy it!" - David Bates

Learn How To Protect Your Nest Egg

About Retirement Calculators... 

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featured lens Simple Retirement Calculator - Is Planning Your Retirement Really That Simple?

Baby Boomers all over are now searching for a simple retirement calculator to find out how much money they will need to retire. But, is planning your retirement really that simple? Can you trust an online retirement calculator with your financial fut...

Related topics: Calculation Retirement,  baby boomer,  baby boomers,  How-To & Education,  more

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TheNestEggProtector

About TheNestEggProtector

Let me introduce myself.

I just turned 60 this year and I am semi-retired. So I qualify as a Baby Boomer and am writing a blog for Baby Boomers in retirement.

Until recently I managed my own Retirement Fund. Whilst I was doing okay, it was taking a lot of my time. So in November 2007 I decided to hand over my Nest Egg to a Wealth Manager. My Nest Egg was then installed in a WRAP Account with a large Fund Manager and the money invested in several Mutual Funds.

After June 2007 I realized the returns were far worse than the returns I was getting managing it myself. I queried the poor performance and was told I should wait 5-7 years before deciding whether my investments were successful or not.

I pointed out that since I had retired and was now drawing a pension from my Nest Egg, I could not wait 5-7 years to find out the investment returns were not there. I said with virtually no income from other sources, I have no way to replenish any losses required to maintain the capital, so that in good years it will give me a good return.

No matter what I said or did I could not convince my chosen wealth managers that there was a problem.

Whilst trying to convince them there was a problem, I accumulated a large amount of information about what can seriously erode my nest egg including the Stock Market, Inflation and Taxes. What is more important all these things eat away at the nest egg regardless of the Stock Market, Inflation or Taxes.

It was then I realized too, just how much it was costing me in Fees having them manage my Retirement Fund.

I have detailed my trading and investing experience on my Blog if you want to read more about me. The main thing I discovered from trading and investing since 1995 was the importance of money management. Protecting your capital and minimizing losses is paramount to your long term survival when trading. It is no different when managing a Nest Egg in retirement. I am well qualified to talk about protecting capital and minimizing losses because I have been doing it for over 10 years.

This Blog is dedicated to putting all this information in one place for easy retrieval and understanding. It is my hope that other Baby Boomers will also realize the dangers to their nest egg and take appropriate action to protect it.

Please Note: I am NOT a financial adviser and do not offer any financial advice. I only provide information which you need to discuss with your trusted financial advisers before acting on it. I may tell you what I am doing with my investments, or what I might be doing, but you need to make your own decisions in concert with your trusted financial adviser.

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