Collin County Living Well Magazine Winter 2013 | Page 15

Yes, You Can Retire

By Ken Moraif,
host of the radio show,
“Money Matters with Ken Moraif’’

M

because they took a bath in 2001 and
2002. They built their money back up,
and then 2008 came along and they
took another bath. They’ve been badly
burned twice in a row and don’t want
to go through that pain again. I don’t

blame them. But there’s a misconception behind that statement from the
survey, “I am afraid to lose my nest
egg in the ups and downs of the market.” People don’t lose their nest eggs
in the ups and downs of the market,
just the downs. That’s why we at
Money Matters preach the importance of an exit strategy. If you knew
you had a defined point where you
would get out of the market and protect your nest egg, wouldn’t you feel
more comfortable about investing in
the market? I suspect so, and I bet
if the Wells Fargo survey had asked
that question, people would respond
that they would feel better about investing—and retirement.

any Americans
don’t expect to
ever retire: That’s
the headline of a
recent USA Today
article about the annual Wells Fargo
If you are 50+, retired or retirMiddle Class Retirement study, which
ing soon and would like more
surveyed 1,000 middle-class Ameriinformation about The Money
cans between the ages of 25 and 75.
Matters Exit Strategy please atJournalist Rodney Brooks reported on
tend an upcoming free Money
the study’s findings and interviewed
Matters seminar. Seminars fill
several financial professionals, includup so reserve your spot!!! Go to
ing yours truly, about those findings.
www.MoneyMatters.net for dates,
“In a sign of just how bleak retirement
locations and to register or call
prospects have gotten,” wrote Mr.
800-994-0302. Come hungry
The USA Today article mentioned above can be
Brooks, “more than a third of Ameriand enjoy our World Famous Oatread at the website http://usat.ly/1gHszND
cans say they will have to work until
meal Raisin or Chocolate Chunk
they literally can’t anymore. A new
Listen to Money Matters with Ken
Cookies.
Wells Fargo study found that 37% of
Moraif every weekend on the folYou can also sign up for a Free
people don’t ever expect to retire, but
lowing Radio Stations: WBAP News/
Financial Portfolio Review and
instead will have to ‘work until I’m too
Talk 820AM, KRLD News Radio 1080,
our Weekly E News Market Alert.
sick or die.’”
WRR Classical 101.1, 770 KAAM, and
When you register, please let us
I think that’s terrible, but I also no660 The Answer.
know that you heard about us
ticed two survey findings that were not
from Living Well Magazine.
About The Author: The host of the
only relevant to retirement planning,
popular radio show, Money Matbut could help people to feel optimistic
ters with Ken Moraif, [C1]  Ken
about their chances of retiring. The
specializes in retirement planning
first was “the plan effect.” The study
and offers free seminars [C3]  that
found that people ages 40-59 who had
help attendees learn to plan
actually created a financial plan
their retirements and secure
not only had a positive outlook
their investments. A certified
about retirement, but had twice
financial planner, Ken also
as much money as people with
heads the financial & retireno plan. These are all middle
ment planning firm Money
class people, so it’s not a differMatters[C2]with Ken Moraif.
ence of income. F