BALTIMORE, MD--(Marketwired - Apr 2, 2013) - Philip Rousseaux, founder and president of Everest Wealth Management, Inc., www.everestwm.com, is doubling the size of his home offices, hiring new advisors and launching a nationally syndicated radio show called "The Safe Retirement Store."
"The name of the game is adaptation -- responding to the needs of our clients, their individual financial needs and goals, relative to what's happening in the bigger picture," says Rousseaux, a member of the esteemed Million Dollar Round Table association's exclusive Top of the Table forum for the world's most successful financial services professionals.
The radio program will emphasize baby boomer retirement-income planning in a low-interest rate environment, he says. Roughly 10,000 boomers will turn 65, the traditional retirement age, every day for the next decade and a half, according to the Pew Research Center.
Through the financial meltdown of 2008, Everest Wealth Management has continued to grow as people realize old retirement strategies no long work in today's economy, Rousseaux says.
"The two most common mistakes people make in retirement planning are either having everything in either stocks or short-term savings," he says.
Only 14 percent of Americans are very confident they'll have the money to live comfortably in retirement, according to a 2012 survey by the Employee Benefit Research Institute.
"One of the great, safer alternatives is fixed, indexed annuities," he says. "Fixed-rate indexed annuities, where you loan an insurance company money and it guarantees you payments over a specified length of time, allows you to forecast the income you'll generate. While these annuities will have a ceiling on interest rates, they'll also have a floor. Your principal is safe and you can ride an up market without the risk."
About Philip Rousseaux
Philip Rousseaux is the founder and president of Everest Wealth Management and Everest Investment Advisors money management firm. A staunch advocate of objectivity in investment advice, he's a member of the Million Dollar Round Table, the international association of independent advisors whose members are held to a rigid code of ethics. He is the co-author of "Climbing the Mountain to Financial Success" and co-hosts The Money Guys show on CBS Radio in various cities. Philip received his bachelor's in economics from Towson University and completed the Wharton School of Business's Investment Strategies and Portfolio Management Executive Education Program.
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