Count On Yourself, Not The Government For Your Future

Gone are the days where you can sit back…no nothing about the stock market and let your company and government take care of you in retirement.

No, corporate and state pension funds are getting entirely too risky with your “present” and your future. And guess who it costs? YOU!

State governments from coast to coast have run up estimated pension fund losses of $865 billion dollars (that’s right, with a “B” and not an “M). Yeah, assets for 109 state funds have declined an average of 37% over the last 14 months. Ouch!

Now cities like Philadelphia, Atlanta and Phoenix are crying out for TARP funds from the government as a result. This is insane!

20 million American jobs affected because of a few “gamblers” screwing up!

Think you may not be affected? Well, these 109 state funds cover over 20 million people. So if it misses you…it won’t miss someone you know, that’s for sure. Either way, it shows everyone that we need to take control of our own futures and not blindly follow the government or corporations to take care of us in retirement…it’s up to us!

The state of Kentucky’s largest fund for state workers only has about 52% of the assets needed to pay current and future benefits to its employees. That’s going to hurt its 117,000 workers a lot. So a hand full of people that make decisions on what a fund invests, screws things up for over 100,000 people. Amazing!

So now, if you work for their state you will need to work three more years than you used to have to in order to retire. Why do you have to put in 3 years? Because a small group of people got too risky with the “nest egg” that the state had for you!

Oh by the way, their pay increases are capped now too. Pay increases used to keep pace with inflation (being tied to the CPI index which grows at an average of 3% a year). However, now they will only get pay raises of 1.5%. That means that their money is slowly eroding away as it will no longer keep pace with inflation. That means they slowly get “more poor” gradually each year. Do they deserve that? No! But someone screwed up and so the “little guy” is the one that pays for their mess ups.

If you think this is an isolated instance, the state of New York is in the same shape. The New York governor now wants to reduce new worker’s benefits and raise the retirement age from 55 currently to age 62. If this happens, they’ve got to work 7 more years for someone’s screw up!

So if you think you are “safe” because you work for the government in some capacity, you may be one of the ones most “at risk”. In fact, government pensions cost about 3 times that of private pensions. So they are plagued with tons of costs that they have to fight. It’s not a pretty picture for these guys.

It’s time to take charge of your own future and not entrust it solely to the government or your corporation!

What does this tell us whether we work for the government or not? It tells us that we need to “take charge” of our own future and not place it into the hands of someone else. There’s no one out there that cares as much about your money as you do. No one will watch over it better than you will. Why? Because you have the “sweat equity” involved with it and they don’t.

This is why I’ve taken on the task of educating people all over the nation. I want everyone in America to be able to have a shot at getting educated.

Formerly, this has just been reserved for the “elite” since that’s all Wall Street seems to want to deal with. Main Street and their meager assets are too much of a bother for them.

Therefore, someone has to stand up for the every day people out there. That’s the gap that we fill.

So get educated….take charge of your own personal finances and investing and don’t leave it to someone else. For each time we get “lax” and leave it to others, they simply fail us. Therefore, we have to realize we live in a different day and that day is a day in which we have to proactively take charge of our future if we want to ensure that we’ll have an adequate retirement and that no one’s gambled with our nest egg!

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