The New Retirement Risk?

Today retirement programs are transitioning into different perspectives as the Old ways of retirement are becoming the dinosaur of today.

The government, believe it or not could be handcuffing our retirement options in the future, creating retirement funding chaos through independant and Company programs.

Retirement accounts are the nest eggs of those who have worked to provide for their old age.

They are the nest eggs of those living on fixed incomes, and the retired, and of those about-to-retire and of the young.

The sum total of American retirement accounts is in the trillions. Should a Government proposal be made "law," to take control of retirement accounts, it is obvious where that money will go. The government has incurred gargantuan debt. Turning Americans' retirement accounts over to government control is not merely economic insanity. It is economic suicide.

If the Government steps in and forces Defined Contribution employees to use "a lifetime stream of income" i.e., then government issued annuities thereby forbidding lump sum payouts, chaos.

In other words, the employee's money will no longer be theirs to use as they need the funds, then Government officials will decide when employees can have the money they've earned and how they can receive it.

When government takes over retirement accounts, the money will not be invested in reputable securities earning a return and watched over by expert investment analysts. The money will be siphoned off for other schemes, as is the money one pays into Social Security and Medicare. Employees' savings, will be wiped out.

Look at Social Security and the I.O.U.'s -  The retirement nest egg of an entire generation is stashed away in this small town along the Ohio River: $2.5 trillion in IOUs from the federal government, payable to the Social Security Administration department.

Now the government will have to borrow even more money, much of it abroad, to start paying back the IOUs, and the timing couldn’t be worse. The government is projected to post a record $1.5 trillion budget deficit this year in 2012, followed by trillion-dollar deficits for years to come. 

The estimated population of the United States is 312,214,248 so each citizen's share comes to $49,223.6

As of early 2012 we are 15 trillion in debt! 

$3.98 billion debt per day since September 28, 2007!

So the new Retirement Risk is the individuals who do not take control of their OWN retirement accounts. 

If you are considering Retirement Planning, call for a free consultation today.



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