Baby boomers encouraged to secure retirement savings now
Wealth building seminar speaker to discuss 23 common money myths
Salem, NH — As 83 million baby boomers approach retirement, experts predict that inadequate savings will leave them poorly prepared. Boomers are encouraged to educate themselves on how to build retirement wealth effectively.
Renaissance Mortgage Corporation of Salem, New Hampshire, will be sponsoring a seminar by Douglas R. Andrew, author of the best-selling “Missed Fortune 101” and “The Last Chance Millionaire,”
Some of the “money myths” Andrew will discuss are:
• The best way to pay off a house is to apply extra principal on the mortgage.
• Qualified plans such as IRAs and 401(k)s always provide the most attractive retirement benefits.
• Home equity is a safe investment.
• You must use equity from your former house to purchase a new home to avoid capital gains tax.
Andrew will dispel these and other money myths during the seminar, which also includes a discussion about the basics of creating a wealth-building plan. Andrew is the founder of the Missed Fortune movement, a national revolution in financial planning launched by his best-selling books, “Missed Fortune: Dispel the Money Myth-Conceptions — Isn’t It Time You Became Wealthy?” and “Missed Fortune 101” (both published by Warner Business Books).
With experience in business management, economics, accounting, financial and estate planning, and advanced business and tax planning, Mr. Andrew is a sought-after national speaker and financial planning expert. He is currently the owner and president of Paramount Financial Services, Inc., a comprehensive personal and business financial planning firm with several divisions. For more information, visit www.missedfortune.com.
Renaissance Mortgage Corporation has been bridging the gap between the mortgage and financial planning worlds since 1997. Rather than putting the emphasis on saving money with a mortgage, Renaissance Mortgage educates clients on ways to use their mortgage as a powerful wealth building tool in order to accumulate net worth. The company structures individual’s home financing in a manner that is consistent with both their short term and long-term financial and life goals through a process known as The Integrated Wealth Management System™. For more information, visit www.integratedwealthmanagement.net.
To register for Andrew’s June 28 seminar, call Brooke Coto at (800) 459-6327.
