Retirement Dreams Vanish

Portland, OR (PRWEB) November 20, 2009

David Morganstern, CFP®, co-owner of CMC Advisers, a fee-only wealth management firm in Portland, Oregon, studies trends, watches the market, and reveals his plan to help want-to-be retirees in this challenging economic climate. While he teaches that we have entered what he calls the "New Normal" era of financial planning, individuals must continue to invest and plan in order to get close to their retirement goals.

"51% of Americans will be financially unprepared to retire at age 65. Millions will need to change their financial strategy, and look closer at their bottom lines. We will need to compromise, make concessions, and re-evaluate our lifestyle choices." Morganstern offers advice to increase the odds of boomers reaching their retirement goals.

1.    Contribute to a qualified retirement plan (401(k) or IRA.
Why? They are Tax Deductible, your tax bill will be lower, and your money grows tax-deferred until you make retirement withdrawals.
2.    Choose investments that optimize growth while minimizing risk
Why? If people are driven by fear, and don't keep an equity exposure, they will not meet financial goals.
3.     Invest in dividend-paying stocks.
Why? This tactic will generate higher long-term returns.

"Stay the course with commitment and a customized retirement plan, and choose a financial planner who specializes in estate planning," says Morganstern. "Integrating quality lifestyles and wealth is a complex matter, and most individuals think you can only have one or the other. Because of the market turmoil last year, and increased complexity of tax laws more Americans realize the difficulty of planning on their own, and are turning to independent professional advisors to help them design a roadmap toward retirement."

David Morganstern, CFP®, and co-owner of CMC Advisers, specializes in legacy and estate planning. Morganstern is frequently interviewed by media on financial planning and investment management. CMC Advisers LLC was selected as one of the most dependable wealth managers of the Northwest and Hawaii by Forbes Magazine, 2008. Visit http://www.CMCAdvisers.com for more information.

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