Remember that old saying, “If you want something done right, you’ve got to do it yourself?”
That’s something that retirees — and those of us who HOPE to retire comfortably — need to keep in mind. Because when it comes to planning for your retirement, no one is going to pay as close attention and be motivated to “do it right” than you!
In some cases, retirees are being lulled into a false sense of security thanks to promises they’re being made. Unfortunately, there’s just no way that those promises will actually be KEPT!
Mark my words, this is going to be a major crisis for the U.S.
Not today, or tomorrow… But down the road a few years.
And that’s why we’re so focused here at The Daily Edge on giving you the tools that YOU need to prepare for your own retirement.
Let me explain what’s going on…
Pension funds in the U.S. simply aren’t setting aside enough money to pay retirees in the future. And at some point when the money runs out, this is going to be a major problem.
This is true for public (or government) pension plans like teacher retirement systems, plans for firemen and police officers, and similar pension and retirement plans…
And it’s also true for retirement plans set up by companies that you may work for.
According to the latest research in the Public Plans Database, which tracks about 170 pension funds, government pension plans around the country have only set aside 72% of the money necessary to keep their promises to retirees.
This figure is down from 85% a decade earlier, and it continues to drop.
Company plans aren’t much better, with only 87% of the necessary money set aside.
Even worse, these pension plans have big expectations for how fast they can grow the money they have set aside for your retirement. But even with the market and the economy growing at a steady clip for the last ten years, these pension plans haven’t come anywhere close to hitting their target returns.
I can only imagine how bad these statistics will look the next time we actually see a bear market!
All of this is simply to say that you need to be taking matters into your own hands when it comes to your retirement. If you set aside your own money, and you invest it carefully — protecting and growing your wealth along the way — you’ll know exactly where you stand and how much you can spend for retirement.
I like that idea a lot better than trusting some Ivy League investment manager to make decisions for me — with money that he doesn’t really care about — and no real consequences if he messes up…
Here at The Daily Edge, it’s my mission to help you succeed in building a fulfilling nest egg for retirement. Hopefully, you’re already starting to see some great returns from the investment ideas that we’ve covered.
And there are plenty more opportunities on the way as this economy continues to strengthen.
Next week, I’ll be in sunny (hopefully) Las Vegas attending The Money Show.
This is a three-day event featuring some of the biggest names in finance.
And the best part, this conference covers a vast range of topics from income strategies for the retired to the future of marijuana investing — all of which can be used to grow your nest egg.
So be sure to tune in on Monday as I share my “primer” for the week. This will get you caught up on my “must-know” insights going into the event, as well as what to expect throughout the week.
It’s time to grow and protect your wealth, and The Daily Edge is here for just that.
From:: Daily Reckoning