Guy Baker is the founding partner and managing director of BTA Advisory Group. Despite his 45 years of industry experience, Guy is always trying to better himself for the benefit of his clients. Currently, he is finishing a PhD in Retirement and Financial Services at the American College, where he is studying the newest strategies in retirement income planning. Guy is a life insurance and wealth consultant with over fifty years of experience. As a frequent writer and speaker, he has addressed advisors in more than thirty countries, appeared on numerous talk shows and tele-video conferences, and spoken several times from the Main Platform of the Million Dollar Round Table (MDRT). He has lectured at various estate planning council meetings, spoken at several CLU institutes, and was featured at six CLU conferences.
CDs are typically used by investors who want liquidity and safety in the short run. For instance, they may have just sold a building or a business and are wary of deploying their gains right away into a new investment. They often want a safe place to park the money until they decide their next financial move.4 March 2021
Lower balances mean less capital to produce income in retirement. It would be great to be able to repay the withdrawals, but it is unlikely many will be able to afford to do so. The better way is to increase or at least maintain the current level of savings.4 March 2021
Debt has escalated during the crisis as people have had to find ways to pay their most urgent bills. Once order is restored, the debts will have to be eliminated.4 March 2021