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I’ve been avidly following Nilus Mattive’s blog posts and I hope you have been as well.
The conversation he’s having with his Dad and his readers — about the urgent task of boosting their income — is heartwarming.
“Like your Dad,” writes one reader, “we sit on meager earnings. How we wish we had a son who would scrutinize our portfolio and advise us through this last stage of life!”
But sometimes, the conversation is also frightening:
“I lost almost 1/2 of my pension,” writes Mary … while David says “I don’t want to have to take a job as a Walmart greeter or on the McDonald’s serving line but I see lots of grey haired people doing just that and I know it isn’t because they love work — it is because they have no choice.”
65-year-old Judi confesses: “We had a net worth of about $1 million!!! Made the decision to invest most of it in income-producing rentals … These properties are worth less than what we paid for them in 2000/2001; our mortgages all have a balloon payment due over the next 2 to 6 years … I really do not expect the banks will want to loan us money to refinance them. Because I have such a timely, huge financial challenge looming ahead, I work at my Avon business 7 days a week right now!”
A lot of questions remain on the table. But one thing is abundantly clear: The need for safer, higher income is universal.
With our Weiss Ratings of banks and insurance companies, we are helping you find the safest places for your hard-earned cash.
And with Nilus’ continued guidance, I hope you’ll also be able to discover new ways to get more income — something so many people so desperately need.
In his Tuesday morning Money and Markets, Nilus will tell you precisely how he will continue this vital conversation with his Dad — and with you — to get some tangible results. Be sure not to miss it.
Good luck and God bless!
Martin
About Money and Markets
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Money and Markets (MaM) is published by Weiss Research, Inc. and written by Martin D. Weiss along with Nilus Mattive, Claus Vogt, Ron Rowland, Michael Larson and Bryan Rich. To avoid conflicts of interest, Weiss Research and its staff do not hold positions in companies recommended in MaM, nor do we accept any compensation for such recommendations. The comments, graphs, forecasts, and indices published in MaM are based upon data whose accuracy is deemed reliable but not guaranteed. Performance returns cited are derived from our best estimates but must be considered hypothetical in as much as we do not track the actual prices investors pay or receive. Regular contributors and staff include Andrea Baumwald, John Burke, Marci Campbell, Selene Ceballo, Amber Dakar, Roberto McGrath, Maryellen Murphy, Jennifer Newman-Amos, Adam Shafer, Marty Sleva, Julie Trudeau, Jill Umiker, Leslie Underwood and Michelle Zausnig.
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