Alan D. Leung

% , . Report indicates that many factors are contributing to this generation's retirement savings challenges - from depressed wages to the lack of formal knowledge on how to plan for retirement. . . While the good news is that Millennials face higher life expectancy. They face lower income replac...ement from Social Security, and are less likely to have a traditional defined benefit pension. This means Millennials must save significantly more than previous generations to maintain their standard of living in retirement. . . Additionally, this generation has faced a harsh economic landscape of depressed wages, high unemployment, and major structural changes in the American economy. Millennials will have to save more than earlier generations and their parents to address their unique retirement challenges. . . The solution is simple. Consider sitting down with a financial adviser. Define your goals and objective and start saving money right away. You'll not only make up for the lost time, but quite possibly amass a nest egg that's larger than you ever could have imagined. The posted table shows how much you stand to retire with depending on how much of your paycheck you're willing to give up at present assuming at 7-percent annual compounding interest for a 40 year term: . . . Source: http://money.cnn.com//no-retirement-savings-mil/index.html Source: https://www.nirsonline.org//new-research-finds-95-percent/ Source: https://www.fool.com//two-thirds-of-millennials-have-nothi

Are you invested in the stock market? Do you have a retirement such as a 401, IRA, or brokeage account tied to the volatility of the market? These last few months have been very volatile for the stock market. In fact, just this week the DOW dropped by more than 1,100 points. Why is this a concern? Stocks are like dominos. When there are indications in a market collapse, traders will prepare to sell-off major holdings to secure gains and reduce their portfolio risk. Th...is creates a butterfly effect resulting in massive sell-off across the board resulting in large loss in market value. How does this affect you? Following a market collapse, many people saw significant loss in dollar value in your 401 k, IRA, or any account tied to stocks. In 2008, 6.9 trillion dollars were loss in the stock market. It was common that investors posted a loss of nearly 50% of their account value and many people were forced to drag our their retirement, sell their homes, or rely on government welfare. I want to help you. I am a licensed financial professional and am able to provide you insight. Please feel free to call or text me so we may further discuss some of your financial concerns as well as your long-term objective. http://money.cnn.com//dow-jones-stocks-trade-wa/index.html

Tip of the week! , , . Since the IUL is tied to the stock market, investors can expect to receive gains that equate to the performance of the stock market index. Because there is a guaranteed floor of 1 percent, it shelters investors from the downside of a market correction. What this means is that when people lost their fortune, investors in the IUL not only ...sheltered their funds from a loss, but also grew their portfolio. Using the profits from your IUL, investors can then pull from their cash value to purchase property undervalued. These are some of the strategies we teach our clients and they are locked and loaded for the next correction. When was the last time you sat down with a financial professional? Are you ready for the next market correction? Do you have someone working on your side to help you create generational wealth? Let's sit down and talk.

Ever seen a kite enthusiast who really knew their stuff? They know that for a kite to soar to its highest heights, they never take their eyes off the kite and never lose control of the string. If they do... well, that's how kites end up in trees. .... You must keep an eye on all the moving pieces and take full control of your strategy. A Financial Needs Analysis (FNA) is the best way to get started. It can help identify key areas of your financial health that need attention, such as: + Cash flow + Debt management + Emergency fund + Proper protection + Building wealth + Preserving wealth When investing, there are certain risks, fees and charges, and limitations that one must take into consideration. Don’t let one sharp turn or gust of wind send your finances into a tree. Activate the value of an FNA so you can start soaring to the highest heights of your financial future. Let’s meet soon! When's your best time this week?

: The 401(k) plan was never meant to be a mainstream pension plan and is a poor substitute for one. It's a voluntary program that was intended to supplement retirement savings -- one of those quirky little options in the byzantine tax code that employers seized upon as a way to save money while pretending that they were doing the right thing by their employees. Ted Benna, "father of the 401 k", states that thes...Continue reading