The Shocking Truth
Government Points Way To Secure Retirement
“Institutional investment expert William Cavalier explains core cash flow strategy to benefit retiring baby-boomers in this webinar.”
Dallas, TX (PRWEB) October 3, 2007 -- Ironically, a state government has pioneered a responsible investment strategy that could lead to secure retirements for some baby boomers according to William Cavalier an institutional oil & gas royalty expert with King Royalty Corporation in Dallas, Texas.
Every October, The Alaska Permanent Fund pays dividends to every eligible man, woman and child in Alaska. The permanent fund was established in 1976 as a way to set aside a portion of the flooding wealth generated by oil royalties.
The first oil flowed through the trans-Alaska pipeline on June 20, 1997. Shortly afterward, the state received its first substantial royalty check of $79 million dollars from the oil companies.
Mike Burns, the president of the Alaska Permanent Fund Corp., which manages the capital said: “During the tough times, the fact that the permanent fund is there gave people an extra dose of confidence, confidence in the future.”
While Alaska may point the way to a secure retirement, Mr. Cavalier advises the federal government retirement planning model has substantial risks. If the Social Security Trustees Report is correct, Social Security’s long-run cash flow deficit is $11.1 trillion – almost equal to the current size of the entire U.S. economy. If you are worried about healthcare costs in retirement consider that Medicare Part A (hospital insurance) and Part B (doctors’ services) has a combined unfunded liability of $47.7 trillion.
Baby boomers must take their assets and convert at least a portion of them into retirement income. While core assets such as bonds and annuities are designed to meet this need, oil and gas royalties with their greater cash flow are well suited to counteract retirement income shortfalls and may help avoid the possible use of principal to maintain their lifestyle.
Mr. Cavalier, shares his ongoing research on institutional investment in oil & gas royalties in a monthly newsletter and webinar restricted to registered investment advisors, broker-dealers and investment fiduciaries. For an invitation to the private webinar or to receive the newsletter Mr. Cavalier can be reached at (469) 767-8643 or contacted via email at wcavalier@kingroyalty.com.
King Royalty Corporation is a subsidiary of King Operating Corporation, an energy development company founded in 1996. www.kingroyalty.com
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