Retirement and investment strategies with EF Hutton

Investing in retirement requires discipline and can be very hard to plan for. In fact, 45 percent of Americans have not yet started saving for retirement. Many of us have little or no long-term savings plan and don’t have the tools or knowledge to change our situation. However, it’s never too late to get a retirement savings plan back on track. That is why The Hype magazine sat down with CEO Chris Daniels to talk through steps to achieve retirement goals. Daniels discussed challenges and setbacks that face multiple generations, and how modern technology can aid in investment including EF Hutton’s first-ever social platform for retirement savings.

I understand you’ll be talking to us about retirement?

Yes, retirement and a new service that we are announcing today that makes it easy for people to accumulate assets for retirement.

What are some of the challenges or setbacks that face multiple generations?

Well people are challenged in accumulating assets for retirement because it’s very hard to plan for and prepare for and save for retirement which usually is 20, 30, and 40 years in the future. It’s very far in the future and so people don’t have really the discipline and the tools to be able to succeed at such a long-term plan. What we’ve done at EF Hutton is to make that easy for people so that they don’t even have to think about retirement. They can use a new service that we’re announcing today called meggalife.com. Meggalife.com is like a frequent flyer program for retirement. The way it works is that people as they use the mega life platform apps they earn points and those points can be redeemed in the future for cash at the time that they retire at age 68.

What are some other ways you can use bio technology that can aid and invest it?

Well you can use technology to track your portfolio of course and to open up online accounts for retirement saving. For example, EF Hutton has online 401k and an IRA accounts and those are very low-cost accounts that are available to people now prior to some of these internet services setting up an account would take a lot of time it would cost a lot of money now it’s much easier and much more cost-effective for the average person to set up a retirement account.

How will this change people’s lives?

David great question! So presently there’s a gigantic gap between what people should save and what they actually do save for retirement and that gap is nationwide, more than a trillion dollars and it gets wider every day. So, this country has really a retirement crisis a crisis in retirement security it’s a problem that’s the private sector is essentially given up on the public sector, the government keeps kicking the can down the road what we’ve done at EF Hutton is we’ve developed a private sector solution to the retirement crisis and that solution is mega life and megalife.com.

Where can we go for more information?

People should go to meggalife.com and when they go to meggalife.com they can pre-register the platform apps. They will be available later this month but they can pre-register now and those that pre-register will get the first opportunity to start accumulating points and the apps are available later this month and they’ll also get a chance to win a significant prize.

3D illustration by Quince Media – quincemedia.com

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About the Author

David Morales is the Executive Editor of The Hype magazine. A graduate of Eastern Michigan University, David has a background as an artist manager, writer, blogger, drummer, and in the human services industry. He is passionate about helping others, learning and has a deep empathy for the creative process. You can follow his social media @dcypherstudios