Mr. Ted Bauman is the Editorial Director at the esteemed Banyan Hill Publishing as well as an author. Mr. Ted Bauman has written a vast number of original articles encompassing a variety of topics such as finance, media, business, travel, and many other topics.
One of his latest works has been dedicated to financing and, to be more precise, to retirement. In his article, Mr. Ted Bauman talks about a mistake he made in terms of his retirement plan which he explains and advises against. Mr. Ted Bauman has a quirky writing style he has been polishing over the years. His articles flow easy and intriguing.
In terms of his retirement mistake, Mr. Ted Bauman mentions three numbers that some financial experts would say are some of the most important ones. They are located on a person’s dashboard on their financial software. One of the numbers is the person’s credit score which according to many people is one of the ways to assess a person.
Many people fail to recognize the true significance of that number, however, which is personal financial stability during retirement on tedbaumanguru.com. Net worth is one of those figures that people often forget to remember about themselves. Having a wrong number for one’s net worth before retirement can prove problematic, especially since the net worth is the foundation of many people’s retirement plan.
One of the counterparts of a person’s net worth is their house. After retirement, most people sell off their house yo a younger family and move into a smaller dwelling that does not need as much maintenance. Some use the money to move into an assisted living apartment where they can be taken care of from then on.
This is where the next generation comes into play according to medium.com. The amount of money that one’s house would sell for today is vastly different than what it will be worth in the future, say ten years ahead. The next generation might not be able to afford the price of the said house, even.
Mr. Ted Bauman has come to the realization that when it comes to one’s retirement, including his own, it is better to look for value instead of price as monetary amounts vary but what is valuable to you will remain more or less constant, especially when it comes to your home.
Net worth will change because currencies change but if you plan your retirement more based on the value you should have an easier time.
Learn more about Ted Bauman: http://thesovereigninvestor.com/precisionprofits/ted-bauman/
Inflation Is Staring You in the Face. Are You Prepared? Will You Profit?#inflation #economy #quantitativeeasing #monetarypolicy #interestrates #stockmarket #stocks #investing #banyanhillhttps://t.co/dGcqmqThc0
— Ted Bauman Guru (@Ted_B_Guru) December 4, 2017