By J.P. Dahdah, Founder & CEO of Vantage
It seems like the only thing the media reports on these days is the looming bad news surrounding the ‘fiscal cliff’ America may face in 2013. And all I keep thinking is “who cares?” Sure the politicos have strong viewpoints about how the Government should handle the serious economic issues affecting the American people, but I am of the belief that we should all be more concerned about our own financial situation before the country’s.
Call me crazy, but the sad reality is that the majority of Americans aren’t saving enough to retire comfortably. But “who cares” about the majority of Americans? The only person who matters in relation to your retirement account is YOU. Money is Personal™ so the important question for you to ask yourself and fully grasp is “Am I headed toward a retirement cliff?” If you are uncertain, then get certain about it. Are you saving enough to stay on track? Are your investments producing enough of a return to ensure the retirement income you desire for all the non-working years preceding your death?
Don’t waste your time and energy worrying about the Government’s upcoming choices and decisions. Use that time right now to assess the steps you are taking toward your own economic and financial future. As always, Happy Investing!!