Rob Goldstein’s Post

“If you can’t beat’em, join’em” A popular narrative in todays world is to demonize successful companies and fault them for helping create the wealth gap. In reality, its quite the opposite. Blackrock is a public company. Which allows anyone* to invest and own shares of the company. “In 2000 BlackRock wasn't the behemoth it's known as today. The company has done an excellent job of growing its business, which has delivered an eye-opening return. If you had invested $10,000 at the turn of the century, that investment would have grown to over $587,000. To put this in perspective, a $10,000 investment in the S&P 500 index would have turned into $40,000 during that same period.” Their main initiative is helping to create a healthy retirement for its investors. Much like our efforts at Thames Management Resources LTD, we want to assist our clients in creating an exit plan to ensure a successful transition and capitalize on all their hard work. Do you know how much your business is “actually” worth? #motleyfool #retirement #exitplanning #transition #planning #business #brokerage #options #success #value #paycheck #forlife #blackrock BlackRock

I recently read that the US Bureau of Labor, projects that more people will postpone retirement. They project the number of older Americans in the workforce to INCREASE over the next decade with adults over 65 comprising 8.6% of the labor force by 2032. I wonder about compensation sustainability for this cohort considering there are fewer senior, higher paying jobs and (increasingly) more people to compete for them. Also, many Americans 45+ report Ageism as a barrier to employment. Only 8% of companies today include age in their DEI programs.

A few weeks after after releasing BlackRock's Annual Chairman’s Letter to Investors with a strong focus on retirement, Chairman and Chief Executive Officer Larry Fink stated in the 1Q24 earning's call: "The shift from pension to defined contribution models have put the large ask the large burden on individual savers. They have to first build up the retirement estate, which in and itself is a formidable challenge. Then even as they have this sizable savings at retirement, there's not much guidance about how to spend and or not -- and how not to overspend these savings. We've been working for years to address this de-accumulation challenge and we believe this will help increase hope in America. In 2020, we announced the LifePath Paycheck, the next generation of Target Date solutions. It will include an option to purchase a lifetime income stream from insurers" (Seeking Alpha transcript) To spend or not to spend? This summarizes well the current situation and the need for #lifetimeincome!

I recently read that the US Bureau of Labor, projects that more people will postpone retirement. They project the number of older Americans in the workforce to INCREASE over the next decade with adults over 65 comprising 8.6% of the labor force by 2032. I wonder about compensation sustainability for this cohort considering there are fewer senior, higher paying jobs and (increasingly) more people to compete for them. Also, many Americans 45+ report Ageism as a barrier to employment. Only 8% of companies today include age in their DEI programs.

Larry Fink, CEO of Blackrock, thinks people should be holding off on retirement for longer than they used to. In his 2024 annual chairman’s letter to investors, which you can Google and read, Fink waxes poetic about how much money his own modest-income parents retired with thanks to smart investments — then reminds us that we’re all living longer lives now, so we’ll need more. Fink calls retirement “a much harder proposition than it was 30 years ago. And it’ll be a much harder proposition 30 years from now.” Not all that uplifting, but for those who thrive on professional identity and accomplishment, it’s also not the worst news. As a recruiter at MS Capital, investment is not my area of expertise. But negotiating for a hiring package certainly is. If you’re looking for a new job right now, consider the retirement benefits as you weigh your options. Regardless of your age, hedging your bets means planning for a (hopefully) longer life.

Interesting to see BlackRock bringing much needed innovation to retirement with a hybrid of a Target Date Fund and Annuity (flexibility) into a 401K product that abstracts some of the complexity for the user (thanks Josh Feldmeth for sharing): https://lnkd.in/gKr8Payb The power of designing products around user needs, large problems, and jobs to be done...

BlackRock's Infrastructure Edge in Retirement Planning In a world where infrastructure investment is often overlooked, Martin Small highlights its potential to thrive in lower growth, higher inflation environments. Despite its proven track record in diversifying portfolios, accessing infrastructure assets has traditionally been challenging, especially in retirement portfolios and wealth management markets. Small emphasizes the benefits of including infrastructure in retirement assets, particularly for portfolios with long-term liabilities. With a focus on product structuring, BlackRock aims to bridge this gap by delivering infrastructure capabilities and assets into underserved markets, revolutionizing retirement portfolio management.

BLACKROCK'S Larry Fink said in a recent letter to shareholders and others... on retirement/superannuation schemes. The shift from defined benefit to defined contribution has been for most people a shift from financial certainty to financial uncertainty. That'd be right. Either way how can you plan long term when inflation is such a big part of the financial system now by reducing the purchasing power of the local currency. Besides companies were struggling to fund their liabilities for a pension measured against the average salary over the last 5 years before retiring. employees. Neither is a great way to plan retirement

Exciting news! I am thrilled to announce that I have joined the Federal Retirement Thrift Investment Board as a Risk Analyst. This week, I had the opportunity to meet some of my colleagues and team members, and I am extremely grateful for the chance to work with such accomplished and talented people. I am ready to dive headfirst into this new journey and continue to grow and learn. Stay tuned for updates on my progress! #newjob #federalretirement #riskmanagement

The key to building long-term wealth is to invest in a portfolio of diversified low-fees ETFs. This piece provides a nice rundown of some popular funds #investing #stocks #etfs #vanguard https://buff.ly/49fi4NH ➡️ Most American households are underprepared for retirement, with the median working person having just $27,000 saved and those aged 65 and older having a median savings of $70,000. ➡️ It is never too late to start saving for retirement, and Vanguard offers a range of ETFs for every life stage, from the 20s to in-retirement. ➡️ For those in their 20s, the Vanguard Total Stock Market ETF (VTI) is recommended as a low-cost, diversified option for long-term investing, while the Vanguard Total International Stock ETF (VXUS) can be considered for portfolio diversification.