Social Security is going Broke. Are You Prepared?
Right now in the united states, more people are dying than are people that are born that eventually would support the social security system. This is not just the problem here in the united states it’s also it’s a problem in Japan and Europe. their security systems for retirement systems are falling apart too and they do not find it. And also you should look to see where it where you live when your county or city their municipal workers, firemen, firefighters and first responders.
Many of them their pension programs are not fully funded. They’re only partially funded so what’s going to happen as his people retired. The money goes out of the system. They’re going to have to raise taxes to a great to greet just the fun like school teachers define their retirement program in the average person. They don’t know this because one of the reasons is the news media doesn’t really report on they have no interest in it right now because it’s not a burning issue and will be down the line of the very much. A burning issue to see how much of an issue is less like Puerto Rico like last year Puerto Rico announced their basically in bankruptcy and so what did they do they cut the pension programs are those people that are already retired.
Now what you think going to happen when it’s time here in the states i won’t be surprised to see some writing going on because people are really going to be upset but nobody’s doing anything about it right now know nothing about retirement if you have every time a program like a 401 k at work you should inquire as to where you are retirement money is being invested much of the retirement money and for a one case in the country is invested in neutral funds the people don’t realize mutual funds don’t even keep up with the stock market these people that are running a mutual funds are getting paid millions and milling is a dollars a year and compensation but they’re not producing
They’re not giving you the return on your money than you think you’re going to get and i have a lot of hidden fees that you don’t know about it they don’t have to disclose to you may think you’re getting a six or seven percent return in your only getting a 3% return it doesn’t even keep up with inflation if you want to know more about this there is a hydrogel man by the name of Tony Robbins who has written a book on that said it’s called a money master the game if you read that book he documents in their exactly what’s going on and a lot of people are being full because i think they’re getting a good return on their investment on their retirement money and they’re not and if you’ve got her retirement money.
I say in a for a 1k looking to your employer has to tell you they have to give you documentation is where the money is being invested and face being invested a mutual fund asked to see the return you be surprised how little it is not one thing you can do as you can start the self-directed ir rain and that’s what i suggest everybody does just because you may have a retirement program you don’t know if it’s going to be solved it by the time you retire and if it’s not what are you going to do so start specially if you’re young start setting aside money in an ir ray i like the self-directed i are right because i can direct my money design where is going to be invested and go with the rough because you’re putting an after-tax dollars and because of that when it comes time to retire when you take the money out you’re not going to pay taxes on it or a regular high ra this before tax dollars but what happens down the line is it grows then you going to pay taxes when you take it out and you think taxes are really going to go down here this is boy mcclain notes create cash flow dotcom go to the website and see there’s a lot of valuable information on there and i will give you their free half hour telephone consultation or we can do it by email.
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Social Security is going Broke. Are You Prepared?