According to financial expert, David Kottler, the recent yield-curve inversion should be a red flag, especially to seniors and retiring boomers.

The Looming Curve

Did you know that 1 in 3 older adults is considered economically insecure? That means that over 25 million Americans aged 60+ live at or below 250% of the federal poverty level. A large percentage don’t have enough retirement income to adequately meet their basic needs according to the Elder Index. Higher health care costs, reduced incomes and the decline of pensions are all contributing factors and more seniors filed for bankruptcy last year than ever before.

According to financial expert, David Kottler, the recent yield-curve inversion should be a red flag, especially to seniors and retiring boomers.

Yield-curve inversions have been a solid predictor of recessions over the past 50 years. Whether you have already retired or you are hoping to retire, whether you live paycheck to paycheck or if you are in the small fraction that is comfortable with their savings, being proactive and doing some careful budgeting and planning in advance is critical.

“The number of seniors who face financial distress is astounding. These are people who are well-educated, hard-working, and had (or have) great careers. They never expected to be in this position…”

…says David Kottler, who as a financial expert with over 24 years experience, has seen a growing number of unlikely seniors, often entrepreneurs and business professionals, in financial distress. Running out of money is probably every senior’s greatest fear. Another is not being able to enjoy their golden years in a manner that is affordable and meaningful. So many people today either can’t retire and don’t even see an end in sight OR they can’t work and have meager funds to live on.

According to Kottler, there are three main categories to assess when planning for the future: health, financial, and quality of life. Having a written plan is key. You need an income strategy to allow you to maintain your lifestyle and not outlive your money; a tax strategy which integrates with your investment and income strategies and is cognizant of current tax environment; and a health care strategy that considers your long term care needs. For those with assets, a legacy strategy is needed to provide blessings and not family conflicts. The most important thing for seniors to know is what their prospective annual costs are and estimate their life expectancy, tied to their retirement goals. Matching their planning needs to accommodate their unique retirement goals (hobbies, travel, family, fitness, etc.) is crucial for financial stability.

“The storm is coming and seniors are going to be the ones most affected. There are simple ways to protect your financial stability and time to prepare is now,” says Kottler.

“The number of seniors who face financial distress is astounding. These are people who are well-educated, hard-working, and had (or have) great careers. They never expected to be in this position.“

– David Kottler

In An Interview/Article, Kottler Can Share:

• Senior citizens and financial fragility: insight into the looming crisis in America
• Action plan for aging professionals looking to retire
• Tips and actionable advice people can use to avoid financial distress
• How to spot financial problems before they happen
• How aging boomers can save, stretch, and protect their wealth

Kottler is on a mission to help seniors and retiring boomers avoid catastrophe and maintain financial stability. He has information and advice people at any level can use to save, stretch, and preserve their wealth.