Welcome to Penumbra Solutions!
No matter who you are, you’re probably worried about your financial future. And why shouldn’t you be? Consider the following:
- The stock market has crashed 5 times in the last 23 years (1987, 2000, 2002, 2008 and even the Flash Crash, May 6, 2010 where the Market dropped 1000 points in a matter of minutes). Most Americans lost 40-60% of their Retirement accounts in 2008. Retirement accounts invested in the stock market averaged . Most Baby Boomers will never recover.
- During those same 23 years, the cost of college nationwide has risen a startling 450% while the average household income has risen a meager 3.7% per year.
- We’re in the midst of the Great Recession (the worst recession since the Great Depression). The real estate market has been devastated from coast to coast and since home sales comprise 25% of our Gross Domestic Product (GDP), without a substantial rebound in the real estate market, the recession cannot subside. There truly is no end in sight.
- We’re experiencing the highest unemployment and underemployment rates in decades.
- Congress passed the Financial Reform Act in an attempt to place more controls on Wall Street.
“I’ve seen countless commercials, websites and advertisements from large financial firms promising to help, yet ultimately delivering nothing. They offer the same tired solutions that got me into the mess I’m in today, and they get paid no matter what their performance. Or they try to put me in low-yielding annuity programs so that I’m safe, but they tie up my money for 15-20 years with no chance for any real growth. They continue to get richer while .”
Do you feel like you’re always on the defensive? According to the New York Times, Investors withdrew a staggering $33.12 billion from domestic stock market mutual funds in the first seven months of this year. And where did they move it? Believe it or not, there is now more money in non-interest bearing savings accounts in the US today than at any point in history. Frankly speaking, most Americans have lost confidence in Wall Street so they’re happy to have their money in accounts that at least won’t go backward. Can you blame them?
Penumbra Solutions is a results-driven, family-focused company that delivers solutions you’ve surely never seen before. Most clients come away from their initial free 90-minute consultation and simply say, “Wow, that was impressive! Why haven’t I ever heard things like this before?”
No matter what your financial worries, we’re here to help. We’ll give you practical, actionable strategies and show you how to implement them. If we can’t help you, we’ll tell you.