Retirement Resources President and Investment Advisor, Dave Boike, talks about how so many Americans who have diligently saved to make their retirement years comfortable are now having to raid their retirement accounts for basic necessities. He also acknowledges one bright spot, penalty free withdrawals.
Auburn Hills, MI — September 20, 2020— Dave Boike, President of Retirement Resources and co-author of The Ultimate Success Guide with Brian Tracy published a new blog post on the company website entitled, “Don’t Be Scammed Into Get-Rich-Quick Schemes Based On Pandemic Fear.” Mr. Boike encourages readers to stay focused on established long-term financial goals despite the seductive promise of short term gains.
Boike writes, “Get-rich-quick scammers are trying to seduce regular folks out of their hard-earned retirement savings, and they are using pandemic fear to convince them.” He emphasizes, “Don’t fall prey to this unethical trap. Instead, stay focused on your long-term financial goals.”
“This pandemic will pass,” says Boike. He goes on to say, “We will regain our equilibrium. We will grow again. So will your retirement funds.” He states, “Scammers are quick to focus and play to the anxieties caused by the latest disaster whatever it may be. This year, it’s COVID-19, social unrest and the upcoming election.”
As Boike points out, “We live in an ever-changing world. We have elections every 4 years. We live through natural and unnatural disasters. September 11th represents one of the more recent and most heartbreaking. And ,” he adds, “we always bounce back stronger.”
Read the entire blog post at https://www.theretirementresource.org/single-post/2020/09/14/Don%E2%80%99t-Be-Scammed-Into-Get-Rich-Quick-Schemes-Based-On-Pandemic-Fear
About Dave Boike
Dave is a well-known financial educator, co-author of The Ultimate Success Guide with Brian Tracy, author of High Tide and contributing author of 21st Century Wealth. For over 30 years, Dave has been teaching investors age 55+ how to preserve their assets, increase their income, and reduce income taxes. He has taught Retirement Planning Classes at Michigan State University, Wayne State University and Oakland Community College.
For over 4 years, Dave was featured on NBC25 every weeknight at 6PM, discussing the daily market wrap-up. Many area retirees have used Dave’s advice to enjoy a financially independent retirement.
Dave is a Chartered Financial Consultant, a designation awarded only to the most experienced advisors who have completed a 10-course program of study, through the American College in Pennsylvania, focusing on Tax, Investment, Risk Management, Retirement and Estate Planning. He is an approved Member of the International Association of Registered Financial Planners, the Society of Financial Service Professionals. As a strong advocate of education, Dave recently spoke at The Michigan Association of CPA’s, and has taught retirement planning classes at Michigan State Education Center, Wayne State University, and Oakland Community College
Dave’s latest book, High Tide, A Practical Guide for Affluent Retirees to Protect, Profit and Prosper from the Coming Storm, talks specifically on the important challenges retirees are facing today and some new cutting-edge solutions to address those challenges. He teaches you in this easy to read book how to take the steps necessary to achieve your successful retirement.
Dave is Managing Member and Chief Compliance Officer of Retirement Resources, LLC, a Registered Investment Advisory Firm. Every year, since 2011, Retirement Resources has been awarded the 5 Star Wealth Manager of Michigan, which is only given to the top 7% of advisory firms.
This content is provided for informational and educational purposes only. The information, analysis and opinions expressed herein reflect our judgment as of the date of writing and are subject to change at any time without notice. They are not intended to constitute legal, tax, securities or investment advice or a recommended course of action in any given situation. All investments carry a certain risk and there is no assurance that an investment will provide positive performance over any period of time. Information obtained from third party resources is believed to be reliable but not guaranteed. Past performance is not indicative of future results.