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Powerful Educational Videos From Wise Equity Planning
The 401(k) Fallout"What kind of retirement plan allows millions of people to lose 30 to 50% of their life savings just as they near retirement?" Steve Croft, Correspondent, 60 Minutes. This 14-minute segment from 60 minutes shows how most people lost perhaps 30% to 50% of their retirement savings in 401(k) retirement plans. Like mutual funds, these investments are not secure. Many people who assumed that they were close to a safe retirement discovered that they have lost that security, and will have to work many more years, perhaps for the rest of their lives. A 401(k) advocate says "Nobody was saved in the current investment environment." But that is simply not true. There are ways to make a competitive, high-rate of return with guaranteed no loss of principle. People who place their money in a plan that has guaranteed no loss of principle are free of this risk. If that sounds like what you want, take a look at our Safe Solutions. DavidWalker, the US Top Accountant, on the Financial Future of the USA"I will argue that the most serious threat to the United States is not someone hiding in a cave in Afghanistan or Pakistan, but our own fiscal irresponsibility. . . . I'm going to show you some numbers. They're all big, and they're all bad." David Walker, Controller General of the United States, head of the US General Accounting Office (GAO) As the baby boomers retire, a huge part of the population starts taking money out of Social Security, instead of putting it in. Also, retired people are living longer and needing more, and more expensive, medical care. The problems this creates are not just for retirees. As Baby Boomers pull money out of the stock market for retirement, there are fewer Gen X-ers and Gen Y-ers putting money into it. So there will be less money going into the whole stock market. Less money in the market means lower stock values. So, Gen-X and Gen-Y folks with retirement plans are at great risk, too. Watch the full segment at CBS 60 Minutes (under 12 minutes long). For a full, 30-minute video, I.O.U.S.A., click here. Maybe it is time to put your money into a secure vehicle with guaranteed no loss of principle. If that sounds like what you want, take a look at our Safe Solutions.
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