Millions of Baby Boomers are retiring every year, and as they start taking funds from their retirement accounts, they’re forced to sell stocks to withdraw cash.
Basic economics tells us that, as the supply of stocks for sale on the markets increases, share prices are pressured downward. Supply and demand. As supply increases, with fixed demand, prices decrease.
That means stock markets could drop…possibly percipitously.
We are actually way overdue for a major correction.
This article from CNBC addresses what will be the key driver increasing Boomer stock sales going forward. The IRS REQUIRES them to begin taking qualified plan withdrawals when they reach age 70 and a half. The buik of Boomer are just reaching this threshhold. That will initiate a stock-selling surge.
* The article is a good read, but disregard the promotion of gold investing at the end.
The real answer to the stock market’s overdue correction – and all future corrections – is a Private Family Bank, where your money ONLY grows, never experiences a correction, and you can access it for any reason at any age.
You can learn all about WHAT a Private Family Bank is and HOW it works in the easy-read eBook, The Banker’s Secret to Permanent Family Wealth.
If you’ve already read the book, schedule a Private Family Bank consultation with me or Tony. We’ll show you exactly how a Private Family Bank would perform for you and your loved ones. And the consultation is free.
You should also consider our womb-to-tomb personal finance course, The SMART Wealth System Course. CLICK HERE to check it out.